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 price target was 56, implying potential capital gains of 14.19 percent. The most pessimistic price target was 46, which equates to a potential downside of -6.2 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain 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. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0 percent, as compared to a month ago. 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 made positive revisions to their quarterly estimates over the past month, while 2 analysts made negative revisions. During this time, 3 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 3 analysts that revised their FY estimates downwards.

Analysts estimate earnings of ADC to grow at a rate of 21.9 percent. Another measure frequently examined by investors is the PEG ratio. Smaller PEG ratios are desirable, because people typically see that as an indicator of higher growth relative to stock price. PEG ratios below 1 are often considered desirable, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of ADC is 1.

ADC has traded between a high of 51.50 and a low of 41.01 over the past year. 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 market cap of ADC is $1.39 billion. ADC will post this quarters earnings in days, on 0000-00-00.