Agree Realty Corporation [ADC] Is Still Undervalued at $66.31

In a recent bid Agree Realty Corporation [ADC] faced a contemporary bid of $66.31 yielding a -1.67% decline where 0.41 million shares have exchanged hands over the last week. ADC amount got a boost by 2.33% or $1.51 versus $64.80 at the end of the prior session. This change led market cap to move at 3.63B, putting the price 46.61% below the 52-week high and -17.64% above the 52-week low. The company’s stock has a normal trading capacity of 0.41 million shares while the relative volume is 2.61.

On 3, December 2020, Agree Realty Announces Appointment of Karen J. Dearing to its Board of Directors. According to news published on Yahoo Finance, Agree Realty Corporation (NYSE: ADC) (the “Company”) today announced that Karen J. Dearing has joined the Company’s Board of Directors (the “Board”) and will serve as a member of the Company’s Audit Committee.

Analyst Birdseye View:

The most recent analyst activity for Agree Realty Corporation [NYSE:ADC] stock was on October 06, 2020, when it was Resumed with an Outperform rating from Robert W. Baird, which also raised its 12-month price target on the stock to $80. Before that, on October 12, 2020, BTIG Research Recapitulated a Buy rating and elevated its amount target to $74. On October 02, 2020, Raymond James Resumed a Strong buy rating and boosted its price target on this stock to $82. On September 30, 2020, Mizuho Initiated a Buy rating and increased its price target to $71. On April 08, 2020, Odeon Initiated a Buy rating and increased its price target to $72. On December 12, 2019, Citigroup Upgrade a Buy rating and boosted its amount target on this stock to $82. On December 05, 2019, CapitalOne Initiated an Overweight rating. On October 01, 2019, Berenberg Initiated a Buy rating and amplified its amount target to $82.

In the past 52 weeks of trading, this stock has oscillated between a low of $45.23 and a peak of $80.51. Right now, according to Wall Street analyst the average 12-month amount target is $76.96. At the most recent market close, shares of Agree Realty Corporation [NYSE:ADC] were valued at $66.31. According to the average price forecast, investors can expect a potential return of -0.1%.

FUNDAMENTAL ANALYSIS

Agree Realty Corporation [NYSE:ADC] most recently reported quarterly sales of 69.26 billion, which represented growth of 32.60%. This publicly-traded organization’s revenue is $5,011,390 per employee, while its income is $1,943,951 per employee. This company’s Gross Margin is currently 87.90%, its Operating Margin is 51.50%, its Pretax Margin is +39.57, and its Net Margin is +38.79. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 3.40, 5.45, 3.07 and 3.55 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 34.47 and the whole liability to whole assets at 33.35. It shows enduring liability to the whole principal at 34.31 and enduring liability to assets at 0.33 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 64.14 points at 1st support level, the second support level is making up to 63.49. But as of 1st resistance point, this stock is sitting at 65.97 and at 67.15 for 2nd resistance point.

Agree Realty Corporation [ADC] reported its earnings at $0.39 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.42/share signifying the difference of -0.03 and -7.10% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were $0.47 calling estimates for $0.39/share with the difference of 0.08 depicting the surprise of 20.50%.

Now if looking for a valuation of this stock’s amount to sales ratio it’s 14.08, it’s amount to book ratio is 1.89 and showing 35.06 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by Rubenfaer William S., Director, and it was the purchase of 1500.0 shares on Nov 06. Agree Joey, the President & CEO, completed a purchase of 8058.0 shares on Oct 23. On Oct 22, Agree Joey, President & CEO, completed a purchase of 7235.0 shares.