American Vanguard Corp. Lowered to “Underperform” at Zacks (AVD)
American Vanguard Corp. (NYSE:AVD) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued to investors on Tuesday, American Banking News reports. They currently have a $25.60 price target on the stock. Zacks‘ target price points to a potential downside of 7.11% from the stock’s previous close.
American Vanguard Corp. (NYSE:AVD) traded up 2.38% on Tuesday, hitting $27.56. 160,781 shares of the company’s stock traded hands. American Vanguard Corp. has a 52-week low of $21.83 and a 52-week high of $36.97. The stock’s 50-day moving average is $25.96 and its 200-day moving average is $27.4. The company has a market cap of $790.0 million and a P/E ratio of 17.38.
American Vanguard Corp. (NYSE:AVD) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.29 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.33 by $0.04. The company had revenue of $86.80 million for the quarter, compared to the consensus estimate of $93.93 million. During the same quarter in the prior year, the company posted $0.30 earnings per share. The company’s quarterly revenue was up 2.4% on a year-over-year basis. On average, analysts predict that American Vanguard Corp. will post $1.66 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, October 18th. Investors of record on Friday, October 4th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.73%. The ex-dividend date is Wednesday, October 2nd.
Several other analysts have also recently commented on the stock. Analysts at Feltl & Co. upgraded shares of American Vanguard Corp. (NYSE:AVD) from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, August 6th. They now have a $30.24 price target on the stock, up previously from $24.22. Analysts at SunTrust initiated coverage on shares of American Vanguard Corp. (NYSE:AVD) in a research note to investors on Tuesday, July 30th. They set a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $30.37.
American Vanguard Corporation operates as a holding company. It is primarily a chemical manufacturer that develops and markets products for agricultural and commercial uses.
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