APOG Should I Buy
-
$
0.000
0.000(0.000%)
At close0.000(0.000%)Aft-market
ET
Loading...
Apogee Enterprises Inc (APOG) is not a strong buy at the moment for a beginner, long-term investor. While there are some positive catalysts, the financial performance and ongoing investigation pose significant risks. Holding the stock or waiting for further clarity would be a more prudent approach.
The MACD is positive but contracting, RSI is neutral at 65.331, and moving averages are converging, showing no clear trend. The stock is trading near its pivot level of 40.125, with resistance at 42.694 and support at 37.556.
Analyst upgrade to 'Buy' with a $47 price target, citing strong potential in the Performance Surfaces segment and aggressive buybacks. The company has a 3.35% chance of gaining in the next month based on historical patterns.
Ongoing securities fraud investigation by Pomerantz LLP, weak Q3 earnings with a significant drop in net income (-21.15% YoY) and EPS (-19.79% YoY), and declining gross margins (-4.91% YoY).
Q3 2026 revenue increased by 2.11% YoY to $348.56M, but net income dropped by 21.15% YoY to $16.55M. EPS also declined by 19.79% YoY to 0.77, and gross margin fell to 24.81%.
DA Davidson analyst upgraded the stock to 'Buy' with a $47 price target, citing undervaluation and potential earnings power if margins are maintained. However, the stock has dropped over 50% YTD due to market variability, tariff impacts, and CEO exit.
