Expert Ratings For Agree Realty
Portfolio Pulse from Benzinga Insights
Agree Realty (NYSE:ADC) received mixed analyst ratings over the past three months, with 8 analysts offering a range of opinions. The average 12-month price target is now $65.38, down from $67.33, with a high estimate of $71.00 and a low of $61.00. Analysts from firms including JMP Securities, Truist Securities, Mizuho, RBC Capital, and Exane BNP Paribas have updated their ratings and price targets, reflecting their views on the company's performance and market conditions. Agree Realty, a real estate investment trust, has shown strong financials with a revenue growth of 24.3%, a high net margin of 28.92%, but a lower than average ROE of 0.8% and an above-average ROA of 0.53%. The company has a conservative debt-to-equity ratio of 0.44.
January 22, 2024 | 12:00 pm
News sentiment analysis
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Agree Realty has received mixed analyst ratings with a slight decrease in the average price target, indicating a cautious outlook from analysts. The company's strong financial performance may balance the impact of the lowered price targets.
The mixed analyst ratings and the decrease in the average price target suggest a neutral short-term impact on ADC's stock price. The strong financial indicators such as revenue growth and net margin may provide some support to the stock price, while the lowered price targets and below-average ROE could create some downward pressure. The overall impact is likely to be balanced, leading to a neutral score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100