American Vanguard Corporation (AVD) Receives Consensus Recommendation of “Hold” from Analysts
Shares of American Vanguard Corporation (NYSE:AVD) have been given a consensus recommendation of “Hold” by the six ratings firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $25.00.
AVD has been the subject of a number of recent research reports. BidaskClub upgraded American Vanguard Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Zacks Investment Research upgraded American Vanguard Corporation from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research report on Friday, July 7th. Piper Jaffray Companies set a $22.00 price objective on American Vanguard Corporation and gave the stock a “hold” rating in a research report on Friday, October 6th. Finally, Roth Capital set a $22.00 price objective on American Vanguard Corporation and gave the stock a “buy” rating in a research report on Tuesday, August 1st.
Shares of American Vanguard Corporation (NYSE:AVD) opened at 22.50 on Friday. American Vanguard Corporation has a one year low of $14.20 and a one year high of $24.00. The company has a 50 day moving average of $22.16 and a 200-day moving average of $19.17. The stock has a market cap of $670.12 million, a price-to-earnings ratio of 45.92 and a beta of 1.26.
American Vanguard Corporation (NYSE:AVD) last released its quarterly earnings results on Monday, July 31st. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.01. The business had revenue of $77.90 million during the quarter, compared to the consensus estimate of $77.71 million. American Vanguard Corporation had a return on equity of 5.10% and a net margin of 4.56%. The business’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.11 EPS. On average, analysts anticipate that American Vanguard Corporation will post $0.69 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 19th. Investors of record on Thursday, October 5th were given a dividend of $0.015 per share. This represents a $0.06 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date was Wednesday, October 4th. American Vanguard Corporation’s dividend payout ratio is presently 12.00%.
A number of institutional investors have recently bought and sold shares of the stock. IFC Holdings Incorporated FL purchased a new stake in American Vanguard Corporation during the 3rd quarter worth about $222,000. First Trust Advisors LP purchased a new stake in American Vanguard Corporation during the 3rd quarter worth about $474,000. Walthausen & Co. LLC increased its position in American Vanguard Corporation by 57.7% during the 2nd quarter. Walthausen & Co. LLC now owns 701,722 shares of the basic materials company’s stock worth $12,105,000 after purchasing an additional 256,637 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in American Vanguard Corporation by 4.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,442 shares of the basic materials company’s stock worth $404,000 after purchasing an additional 895 shares in the last quarter. Finally, BlueCrest Capital Management Ltd increased its position in American Vanguard Corporation by 150.0% during the 2nd quarter. BlueCrest Capital Management Ltd now owns 50,000 shares of the basic materials company’s stock worth $863,000 after purchasing an additional 30,000 shares in the last quarter. Hedge funds and other institutional investors own 77.03% of the company’s stock.
About American Vanguard Corporation
American Vanguard Corporation operates as a holding company. The Company conducts its business through its subsidiaries, AMVAC Chemical Corporation (AMVAC), GemChem, Inc (GemChem), 2110 Davie Corporation (DAVIE), Quimica Amvac de Mexico SA de C.V. (AMVAC M), AMVAC Mexico Sociedad de Responsabilidad Limitada (AMVAC M Srl), AMVAC de Costa Rica Sociedad de Responsabilidad Limitada (AMVAC CR Srl), AMVAC Switzerland GmbH (AMVAC S), AMVAC do Brasil Representacoes Ltda (AMVAC B), AMVAC C.V.
Receive News & Ratings for American Vanguard Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Vanguard Corporation and related companies with MarketBeat.com's FREE daily email newsletter.