Agree Realty Corp [ADC] stock prices are up 1.73% to $73.10 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 2.28% over the last week, with a monthly amount glided 3.98%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Agree Realty Corp [NYSE: ADC] stock has seen the most recent analyst activity on December 17, 2024, when Barclays initiated its Underweight rating and assigned the stock a price target of $76. Previously, JMP Securities downgraded its rating to Mkt Perform on December 17, 2024. On December 12, 2024, Evercore ISI initiated with a Outperform rating and assigned a price target of $82 on the stock. Deutsche Bank started tracking the stock assigning a Buy rating and suggested a price target of $88 on December 11, 2024. UBS initiated its recommendation with a Neutral and recommended $60 as its price target on May 31, 2024. BMO Capital Markets started tracking with a Outperform rating for this stock on February 13, 2024, and assigned it a price target of $69. In a note dated January 22, 2024, JMP Securities upgraded an Mkt Outperform rating on this stock but restated the target price of $71.
The stock price of Agree Realty Corp [ADC] has been fluctuating between $54.28 and $78.39 over the past year. Currently, Wall Street analysts expect the stock to reach $78 within the next 12 months. Agree Realty Corp [NYSE: ADC] shares were valued at $73.10 at the most recent close of the market. An investor can expect a potential return of 6.7% 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.51.
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 72.24 points at the first support level, and at 71.39 for the second support level. However, for the 1st resistance point, the stock is sitting at 73.62, and for the 2nd resistance point, it is at 74.15.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 12.60, the price to book ratio is 1.48 and price to earnings (TTM) ratio is 40.45.
Transactions by insiders
Recent insider trading involved RAKOLTA JOHN JR, Director, that happened on Dec 20 ’24 when 20275.0 shares were purchased. Director, RAKOLTA JOHN JR completed a deal on Dec 23 ’24 to buy 10000.0 shares. Meanwhile, Director RAKOLTA JOHN JR bought 20000.0 shares on May 23 ’24.
