Brokerages Set $40.00 Target Price for AdvanSix Inc (ASIX)
Shares of AdvanSix Inc (NYSE:ASIX) have been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Brokerages have set a twelve-month consensus target price of $40.00 for the company, according to Zacks. Zacks has also given AdvanSix an industry rank of 230 out of 257 based on the ratings given to its competitors.
A number of brokerages recently commented on ASIX. TheStreet downgraded AdvanSix from a “b-” rating to a “c+” rating in a report on Monday. Zacks Investment Research upgraded AdvanSix from a “sell” rating to a “hold” rating in a report on Tuesday, October 9th. Finally, ValuEngine downgraded AdvanSix from a “hold” rating to a “sell” rating in a report on Friday, September 28th.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Intrust Bank NA raised its holdings in AdvanSix by 27.6% in the second quarter. Intrust Bank NA now owns 7,714 shares of the company’s stock worth $283,000 after purchasing an additional 1,667 shares in the last quarter. KBC Group NV grew its stake in shares of AdvanSix by 3.4% in the second quarter. KBC Group NV now owns 56,747 shares of the company’s stock worth $2,078,000 after acquiring an additional 1,849 shares during the last quarter. Meeder Asset Management Inc. grew its stake in shares of AdvanSix by 148.9% in the second quarter. Meeder Asset Management Inc. now owns 4,142 shares of the company’s stock worth $152,000 after acquiring an additional 2,478 shares during the last quarter. Aperio Group LLC grew its stake in shares of AdvanSix by 3.2% in the second quarter. Aperio Group LLC now owns 91,954 shares of the company’s stock worth $3,368,000 after acquiring an additional 2,860 shares during the last quarter. Finally, Alps Advisors Inc. grew its stake in shares of AdvanSix by 28.5% in the third quarter. Alps Advisors Inc. now owns 13,990 shares of the company’s stock worth $475,000 after acquiring an additional 3,106 shares during the last quarter. Institutional investors and hedge funds own 77.24% of the company’s stock.
Shares of AdvanSix stock traded down $0.61 during midday trading on Monday, reaching $27.98. 2,433 shares of the company’s stock traded hands, compared to its average volume of 214,155. The company has a quick ratio of 0.70, a current ratio of 1.17 and a debt-to-equity ratio of 0.47. The company has a market cap of $818.09 million, a PE ratio of 9.35 and a beta of 1.68. AdvanSix has a 12 month low of $22.84 and a 12 month high of $44.44.
AdvanSix (NYSE:ASIX) last announced its earnings results on Friday, November 2nd. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.09). The business had revenue of $368.65 million for the quarter, compared to the consensus estimate of $376.45 million. AdvanSix had a net margin of 7.86% and a return on equity of 16.18%. AdvanSix’s revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.68 EPS. On average, research analysts anticipate that AdvanSix will post 2.53 earnings per share for the current year.
AdvanSix Company Profile
AdvanSix Inc manufactures and sells polymer resins in the United States. It offers Nylon 6, a polymer resin, which is a synthetic material used to produce engineered plastics, fibers, filaments, and films. The company also provides caprolactam, ammonium sulfate fertilizers, and acetone, as well as other intermediate chemicals, including phenol, alpha-methylstyrene, cyclohexanone, methyl ethyl ketoxime, cyclohexanol, acetaldehyde oxime, 2-pentanone oxime, sulfuric acid, ammonia, and carbon dioxide.
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