AdvanSix Inc (NASDAQ:ASIX) had its price target hoisted by equities research analysts at Cowen and Company from $40.00 to $46.00 in a research note issued on Friday. The firm presently has an “outperform” rating on the stock. Cowen and Company’s price objective indicates a potential upside of 10.05% from the stock’s current price.

ASIX has been the topic of several other research reports. BidaskClub upgraded shares of AdvanSix from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 23rd. Zacks Investment Research upgraded shares of AdvanSix from a “hold” rating to a “strong-buy” rating and set a $39.00 target price on the stock in a research note on Tuesday, September 12th.

AdvanSix (NASDAQ:ASIX) opened at 41.80 on Friday. AdvanSix has a 52-week low of $13.70 and a 52-week high of $42.21. The company has a market capitalization of $1.27 billion and a P/E ratio of 28.71. The stock has a 50 day moving average of $38.38 and a 200-day moving average of $38.38.

AdvanSix (NASDAQ:ASIX) last announced its quarterly earnings results on Thursday, August 10th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.17. The firm had revenue of $361.44 million for the quarter. AdvanSix had a net margin of 7.13% and a return on equity of 40.03%. On average, equities analysts forecast that AdvanSix will post $2.83 earnings per share for the current year.

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Large investors have recently modified their holdings of the company. Prudential Financial Inc. boosted its stake in shares of AdvanSix by 34.5% in the 2nd quarter. Prudential Financial Inc. now owns 186,183 shares of the company’s stock valued at $5,816,000 after purchasing an additional 47,728 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of AdvanSix by 43.5% in the 2nd quarter. Rhumbline Advisers now owns 76,438 shares of the company’s stock valued at $2,388,000 after purchasing an additional 23,167 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of AdvanSix by 3.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 348,848 shares of the company’s stock valued at $10,899,000 after purchasing an additional 10,005 shares in the last quarter. Spark Investment Management LLC boosted its stake in shares of AdvanSix by 261.0% in the 2nd quarter. Spark Investment Management LLC now owns 357,000 shares of the company’s stock valued at $11,152,000 after purchasing an additional 258,100 shares in the last quarter. Finally, Citigroup Inc. boosted its stake in shares of AdvanSix by 169.5% in the 2nd quarter. Citigroup Inc. now owns 131,385 shares of the company’s stock valued at $4,105,000 after purchasing an additional 82,635 shares in the last quarter.

AdvanSix Company Profile

AdvanSix Inc is an integrated manufacturer of Nylon 6. The Company also sells a variety of other products, all of which are produced as part of the Nylon 6 resin manufacturing process primarily, including caprolactam, ammonium sulfate fertilizers and other chemical intermediates. The Company operates primarily through its integrated manufacturing sites located in Frankford, Pennsylvania, Hopewell, Virginia, and Chesterfield, Virginia.

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