American Vanguard Corporation (AVD) Rating Reiterated by Piper Jaffray Companies
American Vanguard Corporation (NYSE:AVD)‘s stock had its “hold” rating reaffirmed by investment analysts at Piper Jaffray Companies in a research report issued on Friday. They currently have a $23.00 target price on the basic materials company’s stock. Piper Jaffray Companies’ price objective indicates a potential upside of 9.79% from the company’s current price.
Other analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of American Vanguard Corporation from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a report on Friday, July 7th. BidaskClub upgraded shares of American Vanguard Corporation from a “strong sell” rating to a “sell” rating in a report on Thursday, August 10th. Finally, Roth Capital set a $28.00 target price on shares of American Vanguard Corporation and gave the company a “buy” rating in a report on Sunday, October 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $25.33.
American Vanguard Corporation (NYSE AVD) traded down $1.35 during mid-day trading on Friday, hitting $20.95. 241,695 shares of the stock traded hands, compared to its average volume of 85,879. The stock has a market cap of $668.89 million, a PE ratio of 41.57, a price-to-earnings-growth ratio of 2.39 and a beta of 1.30. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.89 and a current ratio of 2.18.
American Vanguard Corporation (NYSE:AVD) last released its quarterly earnings results on Thursday, November 2nd. The basic materials company reported $0.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.03). The firm had revenue of $90.00 million for the quarter, compared to analysts’ expectations of $89.17 million. American Vanguard Corporation had a net margin of 4.83% and a return on equity of 5.48%. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.10 EPS. equities research analysts predict that American Vanguard Corporation will post 0.63 earnings per share for the current fiscal year.
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Large investors have recently bought and sold shares of the business. BNP Paribas Arbitrage SA grew its stake in shares of American Vanguard Corporation by 58.5% during the third quarter. BNP Paribas Arbitrage SA now owns 14,294 shares of the basic materials company’s stock worth $327,000 after purchasing an additional 5,275 shares in the last quarter. Victory Capital Management Inc. acquired a new position in shares of American Vanguard Corporation during the third quarter worth $153,000. IFC Holdings Incorporated FL acquired a new position in shares of American Vanguard Corporation during the third quarter worth $222,000. First Trust Advisors LP acquired a new position in shares of American Vanguard Corporation during the third quarter worth $474,000. Finally, Walthausen & Co. LLC grew its stake in shares of 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 in the last quarter. Institutional investors and hedge funds own 77.08% 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.
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