Agree Realty Corp [ADC] stock prices are up 1.03% to $76.75 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The ADC shares have gain 0.96% over the last week, with a monthly amount glided 1.55%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Agree Realty Corp [NYSE: ADC] stock has seen the most recent analyst activity on May 31, 2024, when UBS initiated its Neutral rating and assigned the stock a price target of $60. Previously, BMO Capital Markets started tracking the stock with Outperform rating on February 13, 2024, and set its price target to $69. On January 22, 2024, upgrade upgraded it’s rating to Mkt Outperform but maintained its price target of $71 on the stock. Exane BNP Paribas downgraded its rating to a Neutral but stick to its price target of $64 on December 13, 2023. Mizuho downgraded its rating to a Neutral and reduced its price target to $61 on December 11, 2023. Wells Fargo started tracking with a Overweight rating for this stock on September 21, 2023, and assigned it a price target of $70. In a note dated June 22, 2023, Mizuho upgraded an Buy rating on this stock but restated the target price of $70.
The stock price of Agree Realty Corp [ADC] has been fluctuating between $54.28 and $77.47 over the past year. Currently, Wall Street analysts expect the stock to reach $70.86 within the next 12 months. Agree Realty Corp [NYSE: ADC] shares were valued at $76.75 at the most recent close of the market. An investor can expect a potential drop of -7.67% based on the average ADC price forecast.
Analyzing the ADC fundamentals
The Agree Realty Corp [NYSE:ADC] reported sales of 600.83M for trailing twelve months, representing a surge of 13.03%. Gross Profit Margin for this corporation currently stands at 0.63% with Operating Profit Margin at 0.48%, Pretax Profit Margin comes in at 0.33%, and Net Profit Margin reading is 0.32%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.04 and Total Capital is 0.04.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 75.75 points at the first support level, and at 74.76 for the second support level. However, for the 1st resistance point, the stock is sitting at 77.41, and for the 2nd resistance point, it is at 78.08.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 13.29, the price to book ratio is 1.55 and price to earnings (TTM) ratio is 42.47.
Transactions by insiders
Recent insider trading involved RAKOLTA JOHN JR, Director, that happened on May 23 ’24 when 20000.0 shares were purchased. Director, Lehmkuhl Greg completed a deal on May 23 ’24 to buy 1000.0 shares. Meanwhile, CHIEF ACCOUNTING OFFICER Breslin Stephen bought 450.0 shares on Mar 14 ’24.
