Agree Realty Corp. Price Target Cut to $32.00 by Analysts at BMO Capital Markets (ADC)
Investment analysts at BMO Capital Markets cut their price objective on shares of Agree Realty Corp. (NYSE:ADC) from $33.00 to $32.00 in a note issued to investors on Thursday. BMO Capital Markets’ price target indicates a potential upside of 10.27% from the stock’s previous close.
Separately, analysts at Wunderlich upgraded shares of Agree Realty Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, May 21st. They now have a $34.00 price target on the stock. Five investment analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and an average target price of $34.00.
Agree Realty Corp. (NYSE:ADC) traded down 0.89% on Thursday, hitting $29.02. The stock had a trading volume of 50,004 shares. Agree Realty Corp. has a 1-year low of $26.58 and a 1-year high of $32.31. The stock’s 50-day moving average is $30.21 and its 200-day moving average is $30.0. The company has a market cap of $427.0 million and a P/E ratio of 22.98.
Agree Realty Corp. (NYSE:ADC) last released its earnings data on Tuesday, July 29th. The company reported $0.55 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.55. Analysts expect that Agree Realty Corp. will post $2.21 EPS for the current fiscal year.
Agree Realty Corporation is a self-administered and self-managed real estate investment trust (NYSE:ADC).
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