Apogee Enterprises (NASDAQ:APOG) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

Several other analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Apogee Enterprises from a “hold” rating to a “sell” rating in a research note on Monday, August 28th. ValuEngine lowered shares of Apogee Enterprises from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, DA Davidson set a $52.00 target price on shares of Apogee Enterprises and gave the stock a “buy” rating in a research note on Thursday, August 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. Apogee Enterprises has a consensus rating of “Hold” and an average target price of $63.33.

Shares of Apogee Enterprises (NASDAQ APOG) opened at $48.30 on Thursday. Apogee Enterprises has a one year low of $40.03 and a one year high of $61.00. The company has a quick ratio of 1.34, a current ratio of 1.86 and a debt-to-equity ratio of 0.51. The stock has a market cap of $1,383.46, a price-to-earnings ratio of 16.37, a PEG ratio of 1.42 and a beta of 1.61.

Apogee Enterprises (NASDAQ:APOG) last posted its earnings results on Tuesday, September 19th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.04. Apogee Enterprises had a net margin of 6.57% and a return on equity of 17.89%. The firm had revenue of $343.91 million during the quarter, compared to analyst estimates of $349.97 million. During the same quarter in the prior year, the business posted $0.77 EPS. The business’s revenue was up 23.5% compared to the same quarter last year. research analysts expect that Apogee Enterprises will post 3.39 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of APOG. Ladenburg Thalmann Financial Services Inc. grew its position in Apogee Enterprises by 79.4% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,486 shares of the industrial products company’s stock valued at $120,000 after buying an additional 1,100 shares during the period. Riverhead Capital Management LLC grew its position in Apogee Enterprises by 99.8% during the second quarter. Riverhead Capital Management LLC now owns 2,398 shares of the industrial products company’s stock valued at $136,000 after buying an additional 1,198 shares during the period. Flinton Capital Management LLC grew its position in Apogee Enterprises by 80.0% during the second quarter. Flinton Capital Management LLC now owns 3,060 shares of the industrial products company’s stock valued at $174,000 after buying an additional 1,360 shares during the period. SG Americas Securities LLC bought a new position in Apogee Enterprises during the third quarter valued at about $190,000. Finally, Advisor Group Inc. grew its position in Apogee Enterprises by 76.9% during the second quarter. Advisor Group Inc. now owns 3,444 shares of the industrial products company’s stock valued at $195,000 after buying an additional 1,497 shares during the period. Institutional investors own 99.03% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Apogee Enterprises (APOG) Downgraded by BidaskClub to “Sell”” was first published by American Banking News and is the sole property of of American Banking News. If you are reading this report on another domain, it was copied illegally and reposted in violation of US and international copyright laws. The correct version of this report can be accessed at https://www.americanbankingnews.com/2017/12/17/apogee-enterprises-apog-downgraded-by-bidaskclub-to-sell.html.

About Apogee Enterprises

Apogee Enterprises, Inc is engaged in the design and development of glass solutions for enclosing commercial buildings and framing art. The Company operates through four segments: Architectural Glass, Architectural Services, Architectural Framing Systems and Large-Scale Optical Technologies (LSO). The Architectural Glass segment fabricates coated glass used in customized window and wall systems.

Receive News & Ratings for Apogee Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apogee Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.