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.

Many analysts weighed in on price targets for ADC. The most optimistic analyst gave a price target of 56, implying potential capital gains of 14.19 percent. The lowest price target was 46, implying potential capital losses of -6.2 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.

Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. That number becomes -1.22 percent if we expand the time horizon to include the past 3 months instead of just one. 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.

People are often interested in whether analysts were united in the direction of their revisions. 2 analysts made positive revisions to their quarterly estimates over the past month, while 2 analysts revised their estimates downwards. Also over the last month, 3 analysts increased their estimates for the FY earnings, while 3 analysts made negative revisions to their fiscal year's estimates.

The growth rate of ADC's earnings is estimated by analysts to be 21.9 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Investors like to see smaller values for the PEG ratio, because people typically see that as an indicator of higher growth relative to stock price. People often look for the PEG ratio to be under 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of ADC is 1.

In the trailing 52-weeks, ADC hit 51.50 at the highest peak, while it's lowest trading point was 41.01. Currently the stock is 19.58 percent higher than its low, and 4.78 percent lower than its 52-week 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 market cap of ADC is $1.39 billion. ADC is estimated to release their earnings results for the quarter on 0000-00-00, days from today.