American Vanguard Corp. Receives “Hold” Rating from Topeka Capital Markets (AVD)
American Vanguard Corp. (NYSE:AVD)‘s stock had its “hold” rating restated by stock analysts at Topeka Capital Markets in a report issued on Friday. They currently have a $12.00 price target on the stock, down from their previous price target of $15.50. Topeka Capital Markets’ target price would indicate a potential downside of 10.91% from the company’s current price.
Shares of American Vanguard Corp. (NYSE:AVD) traded down 0.89% during mid-day trading on Friday, hitting $13.3501. 151,153 shares of the company’s stock traded hands. American Vanguard Corp. has a one year low of $11.37 and a one year high of $29.54. The stock has a 50-day moving average of $12.98 and a 200-day moving average of $17.21. The company has a market cap of $388.2 million and a price-to-earnings ratio of 34.54.
American Vanguard Corp. (NYSE:AVD) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.01 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.03 by $0.02. The company had revenue of $68.30 million for the quarter, compared to the consensus estimate of $73.07 million. During the same quarter last year, the company posted $0.29 earnings per share. American Vanguard Corp.’s revenue was down 21.3% compared to the same quarter last year. Analysts expect that American Vanguard Corp. will post $0.39 EPS for the current fiscal year.
American Vanguard Corporation operates as a holding company. The Company is primarily a chemical manufacturer that develops and markets products for agricultural and commercial uses.
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