Somewhat Positive Press Coverage Somewhat Unlikely to Affect AdvanSix (ASIX) Stock Price
News articles about AdvanSix (NASDAQ:ASIX) have been trending somewhat positive this week, according to Accern. Accern ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. AdvanSix earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned news articles about the company an impact score of 46.3722827240446 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- AdvanSix Inc (ASIX) Rating Increased to Buy at BidaskClub (americanbankingnews.com)
- AdvanSix Inc (ASIX) Expected to Post Earnings of $0.67 Per Share (americanbankingnews.com)
- AdvanSix Inc (ASIX) Lifted to “Strong-Buy” at Zacks Investment Research (americanbankingnews.com)
- New Strong Buy Stocks for September 12th (finance.yahoo.com)
Shares of AdvanSix (NASDAQ:ASIX) opened at 36.55 on Monday. AdvanSix has a 12-month low of $13.70 and a 12-month high of $36.75. The company has a 50-day moving average of $35.19 and a 200 day moving average of $31.95. The company has a market cap of $1.11 billion and a PE ratio of 25.10.
AdvanSix (NASDAQ:ASIX) last announced its quarterly earnings data on Thursday, August 10th. The company reported $0.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.17. The company had revenue of $361.44 million for the quarter. AdvanSix had a return on equity of 40.03% and a net margin of 7.13%. On average, equities research analysts expect that AdvanSix will post $2.83 EPS for the current year.
Several research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of AdvanSix from a “hold” rating to a “strong-buy” rating and set a $39.00 target price on the stock in a report on Tuesday, September 12th. Cowen and Company assumed coverage on shares of AdvanSix in a report on Friday, June 23rd. They issued an “outperform” rating and a $37.00 target price on the stock. Finally, BidaskClub upgraded shares of AdvanSix from a “hold” rating to a “buy” rating in a report on Friday.
AdvanSix Inc is an integrated manufacturer of Nylon 6. The Company also sells a variety of other products, all of which are produced as part of the Nylon 6 resin manufacturing process primarily, including caprolactam, ammonium sulfate fertilizers and other chemical intermediates. The Company operates primarily through its integrated manufacturing sites located in Frankford, Pennsylvania, Hopewell, Virginia, and Chesterfield, Virginia.
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