American Vanguard Corp. Price Target Raised to $21.00 at SunTrust (AVD)
Equities research analysts at SunTrust upped their target price on shares of American Vanguard Corp. (NYSE:AVD) from $3.00 to $21.00 in a research note issued to investors on Monday, American Banking & Market News reports. SunTrust’s target price would indicate a potential upside of 4.27% from the stock’s previous close.
A number of other analysts have also recently weighed in on AVD. Analysts at Zacks downgraded shares of American Vanguard Corp. from a “neutral” rating to an “underperform” rating in a research note on Tuesday, March 25th. They now have a $20.60 price target on the stock. Separately, analysts at TheStreet downgraded shares of American Vanguard Corp. from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $25.33.
Shares of American Vanguard Corp. (NYSE:AVD) traded up 0.45% on Monday, hitting $20.23. 57,627 shares of the company’s stock traded hands. American Vanguard Corp. has a 52 week low of $19.32 and a 52 week high of $32.34. The stock’s 50-day moving average is $21.64 and its 200-day moving average is $24.80. The company has a market cap of $582.1 million and a price-to-earnings ratio of 16.92.
American Vanguard Corp. (NYSE:AVD) last announced its earnings results on Thursday, February 27th. The company reported $0.01 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.01. The company had revenue of $75.50 million for the quarter, compared to the consensus estimate of $72.23 million. During the same quarter in the prior year, the company posted $0.39 earnings per share. The company’s quarterly revenue was down 27.6% on a year-over-year basis. On average, analysts predict that American Vanguard Corp. will post $1.15 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, April 18th. Shareholders of record on Friday, April 4th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Wednesday, April 2nd.
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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