Apogee (APOG) Appreciates 34% YTD: What's Driving The Rally?
Zacks Investment Research | Sep 25, 2019 10:54PM ET
Shares of Apogee Enterprises, Inc. (NASDAQ:APOG) have rallied 34% year to date, aided by its better-than-expected second-quarter fiscal 2020 earnings, upbeat guidance and record backlog in the Architectural Services segment. The stock is also gaining from solid bidding and order activities and continued upbeat outlook for the North America commercial construction market.
Apogee, a Zacks Rank #3 (Hold) stock, has a market cap of roughly $1 billion. The company has an expected long-term earnings per share growth rate of 10%.
Notably, the stock has rallied 34% year to date, against the Zacks Investment Research
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