Analyst Ratings for Agree Realty Corp. (ADC)

Updated: 2017-07-28

Agree Realty Corp. (NYSE:ADC) was awarded an average rating of Overweight from investment analysts following the stock. ADC had previously received a consensus rating of Overweight a month ago.

11 analysts issued ratings on the stock, where 6 gave ADC a buy rating, 2 gave an overweight rating, 3 gave a hold rating, 0 issued an underweight rating, and 0 issued a sell rating. Compared to three months ago, there has been an increase of 1 in the number of analysts with a positive outlook on the stock. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.

Investment analysts gave a few price targets for ADC. The highest price target was 56, implying potential capital gains of 14.19 percent. The minimum price target given was 46, implying a possible loss of -6.2 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. That number becomes -1.22 percent if we expand the time horizon to include the past 3 months instead of just one. Meanwhile, fiscal year estimates have been revised upwards by 0 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of 0.8 percent in FY estimates.

Another thing investors often look at is the level of agreement among analysts' revisions. 2 analysts have revised their quarterly estimates upwards in the past 30 days, while 2 analysts made negative revisions. During this time, 3 analysts made positive revisions in their estimates for this fiscal year's earnings, while 3 analysts decreased their estimates.

The growth rate of ADC's earnings is estimated by analysts to be 21.9 percent. People on Wall Street often look at a company's PEG ratio. Investors like to see smaller values for the PEG ratio, because that is often interpreted as the company being fairly priced relative to its growth rate. Many investors consider PEG ratios between 0 and 1 as preferrable, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of ADC is 1.

In the last 52-weeks, ADC has achieved a high of 51.50 and a low of 41.01. The current market price is above the trailing year's low by 19.58 percent, and 4.78 percent below the high. ADC has a price/earnings ratio of 21.99. Investors typically compare the P/E ratio to a company's peers in the industry. The ADC value stock report compares ADC to some of its peers using value stock charts. The stock has a market capitalization of $1.39 billion. ADC is estimated to release their earnings results for the quarter on 0000-00-00, days from today.