Apogee Enterprises Upgraded to Buy by DA Davidson (APOG)
Apogee Enterprises (NASDAQ:APOG) was upgraded by DA Davidson from a “neutral” rating to a “buy” rating in a research note issued on Monday, TheFlyOnTheWall.com reports. The firm currently has a $36.00 target price on the stock. DA Davidson’s price target suggests a potential upside of 23.54% from the stock’s previous close.
Shares of Apogee Enterprises (NASDAQ:APOG) traded up 4.87% on Monday, hitting $30.56. The stock had a trading volume of 65,814 shares. Apogee Enterprises has a one year low of $22.20 and a one year high of $37.73. The stock has a 50-day moving average of $31.14 and a 200-day moving average of $33.45. The company has a market cap of $885.0 million and a price-to-earnings ratio of 30.67.
Apogee Enterprises (NASDAQ:APOG) last released its earnings data on Thursday, April 10th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by $0.02. The company had revenue of $214.40 million for the quarter, compared to the consensus estimate of $209.23 million. Analysts expect that Apogee Enterprises will post $1.43 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, May 30th. Investors of record on Tuesday, May 20th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend is Friday, May 16th.
A number of other firms have also recently commented on APOG. Analysts at Goldman Sachs downgraded shares of Apogee Enterprises from a “conviction-buy” rating to a “buy” rating in a research note on Friday, April 11th. They now have a $37.00 price target on the stock, down previously from $43.00. Analysts at Zacks reiterated a “neutral” rating on shares of Apogee Enterprises in a research note on Friday, March 7th. They now have a $37.00 price target on the stock. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Apogee Enterprises has a consensus rating of “Hold” and an average target price of $35.33.
Apogee Enterprises, Inc (NASDAQ:APOG) is involved in the design and development of value-added glass products, services and systems.
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