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.

ADC was given price targets by several analysts. The highest price target was 56, which equates to a potential upside of 14.19 percent. The most pessimistic analyst gave a price target of 46, implying a possible loss of -6.2 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.

Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. The average change in earnings estimates over the last 90 days is -1.22 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 0 percent. If we look at the last 90 days instead, we find a net average change of 0.8 percent in FY estimates.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 2 analysts have revised their quarterly estimates upwards in the past 30 days, while 2 analysts made negative revisions. Also over the last month, 3 analysts increased their estimates for the FY earnings, compared to 3 analysts that revised their FY estimates downwards.

ADC has an estimated earnings growth rate of 21.9 percent as forecasted by analysts. The PEG ratio of a stock is another value frequently studied by investors. A lower PEG ratio is favorable, 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, though it could be better to see where the ratio stands relative to peers in the industry. The PEG ratio of ADC is 1.

ADC has a 52-week high of 51.50 and a 52-week low of 41.01. The current market price is above the trailing year's low by 19.58 percent, and 4.78 percent lower than its 52-week high. ADC has a P/E 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's next earnings release will be on 0000-00-00, which is days away.