American Vanguard Corporation (AVD) Raised to Buy at Zacks Investment Research
American Vanguard Corporation (NYSE:AVD) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Wednesday. The firm presently has a $25.00 price objective on the basic materials company’s stock. Zacks Investment Research‘s price target points to a potential upside of 11.11% from the stock’s current price.
According to Zacks, “AMERICAN VANGUARD CORP. is a holding company, which through its subsidiaries, is engaged in the manufacturer and formulation of chemicals for crops, human and animal health protection. These chemicals which include insecticides, fungicides, molluscicides, growth regulatorsain, and soil fumigants, are marketed in liquid, powder, and granular forms. “
Other analysts have also recently issued reports about the company. Roth Capital set a $22.00 price target on American Vanguard Corporation and gave the company a “buy” rating in a report on Tuesday, August 1st. Piper Jaffray Companies set a $22.00 price target on American Vanguard Corporation and gave the company a “hold” rating in a report on Friday, October 6th. Finally, BidaskClub raised American Vanguard Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. American Vanguard Corporation presently has an average rating of “Buy” and an average price target of $25.00.
American Vanguard Corporation (NYSE:AVD) last posted its quarterly earnings results on Monday, July 31st. The basic materials company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.14 by $0.01. The business had revenue of $77.90 million during the quarter, compared to analysts’ expectations of $77.71 million. American Vanguard Corporation had a return on equity of 5.10% and a net margin of 4.56%. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period last year, the firm earned $0.11 EPS.
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A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in American Vanguard Corporation by 3.1% during the second quarter. Vanguard Group Inc. now owns 2,505,167 shares of the basic materials company’s stock worth $43,214,000 after purchasing an additional 74,966 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in American Vanguard Corporation by 3.5% during the second quarter. Dimensional Fund Advisors LP now owns 2,453,236 shares of the basic materials company’s stock worth $42,318,000 after purchasing an additional 82,986 shares during the last quarter. Heartland Advisors Inc. raised its holdings in American Vanguard Corporation by 32.6% during the second quarter. Heartland Advisors Inc. now owns 871,469 shares of the basic materials company’s stock worth $15,033,000 after purchasing an additional 214,141 shares during the last quarter. Walthausen & Co. LLC raised its holdings in American Vanguard Corporation by 57.7% during the second 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 during the last quarter. Finally, State Street Corp raised its holdings in American Vanguard Corporation by 4.2% during the second quarter. State Street Corp now owns 663,208 shares of the basic materials company’s stock worth $11,442,000 after purchasing an additional 26,587 shares during the last quarter. 77.08% of the stock is owned by hedge funds and other institutional investors.
American Vanguard Corporation Company Profile
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.
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