American Vanguard Corp. Upgraded to Neutral at Zacks (AVD)
American Vanguard Corp. (NYSE:AVD) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday, American Banking & Market News reports. The firm currently has a $26.70 target price on the stock. Zacks‘ price objective would indicate a potential downside of 5.69% from the stock’s previous close.
American Vanguard Corp. (NYSE:AVD) traded up 8.47% during mid-day trading on Wednesday, hitting $28.31. 629,338 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 $34.97. The stock has a 50-day moving average of $27.37 and a 200-day moving average of $27.17. The company has a market cap of $811.5 million and a P/E ratio of 16.85.
American Vanguard Corp. (NYSE:AVD) last released its earnings data on Thursday, October 31st. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.02. The company had revenue of $97.20 million for the quarter, compared to the consensus estimate of $94.78 million. During the same quarter in the previous year, the company posted $0.28 earnings per share. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, analysts predict that American Vanguard Corp. will post $1.63 earnings per share for the current fiscal year.
Separately, analysts at Feltl & Co. upgraded shares of American Vanguard Corp. 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. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $31.40.
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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