Apogee Enterprises (APOG) has an average broker rating of 1, which is interpreted as a Strong Buy, as rated by 1 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.
Also, Goldman Sachs downgrades their rating on the shares of Apogee Enterprises (NASDAQ:APOG). The current rating of the shares is Neutral. Earlier, the shares were rated a Buy by the brokerage firm. Equity Analysts at the Firm lowers the price target to $50 per share from $53 per share. The rating by the firm was issued on July 12, 2016.
Apogee Enterprises (NASDAQ:APOG): The stock opened in the green at $49 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $49.35 and a low of $42.21 for the day. The stock did not find buyers even at the lows and closed at $43.28 recording a loss of -6.14%. 2,495,687 shares exchanged hands during the trading day. The stock had closed at $46.11 in the previous days trading.
Apogee Enterprises, Inc. is engaged in the design and development of value-added glass solutions for enclosing commercial buildings and framing art. The Company operates in four segments: Architectural Glass, Architectural Services, Architectural Framing Systems and Large-Scale Optical Technologies. The Architectural Glass segment fabricates glass used in customized window and curtainwall systems comprising the outside skin of buildings. The Architectural Services segment primarily installs and renovates customized aluminum and glass window and curtainwall systems comprising the outside skin of buildings. The Architectural Framing Systems segment designs, engineers and fabricates the aluminum frames used in customized aluminum and glass window, curtainwall, storefront and entrance systems comprising the outside skin and entrances of buildings. Large-Scale Optical Technologies segment manufactures value-added glass and acrylic products primarily for the custom picture framing market.