Analysts Set $47.00 Price Target for AdvanSix Inc (ASIX)
AdvanSix Inc (NYSE:ASIX) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Brokerages have set a 12-month consensus price target of $47.00 for the company and are expecting that the company will post $0.50 EPS for the current quarter, according to Zacks. Zacks has also assigned AdvanSix an industry rank of 106 out of 265 based on the ratings given to related companies.
ASIX has been the topic of a number of research reports. Cowen raised their price objective on AdvanSix from $40.00 to $46.00 and gave the company an “outperform” rating in a report on Friday, October 6th. Zacks Investment Research upgraded AdvanSix from a “hold” rating to a “strong-buy” rating and set a $39.00 price objective on the stock in a report on Tuesday, September 12th. BidaskClub lowered AdvanSix from a “strong-buy” rating to a “buy” rating in a report on Friday, November 10th. Finally, ValuEngine lowered AdvanSix from a “buy” rating to a “hold” rating in a report on Friday, December 1st.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Macquarie Group Ltd. purchased a new position in shares of AdvanSix during the 3rd quarter worth $123,000. SG Americas Securities LLC purchased a new position in shares of AdvanSix during the 2nd quarter worth $100,000. Pacad Investment Ltd. raised its holdings in shares of AdvanSix by 16.7% during the 2nd quarter. Pacad Investment Ltd. now owns 3,500 shares of the company’s stock worth $109,000 after acquiring an additional 500 shares during the period. Pinebridge Investments L.P. raised its holdings in shares of AdvanSix by 13.6% during the 2nd quarter. Pinebridge Investments L.P. now owns 4,509 shares of the company’s stock worth $141,000 after acquiring an additional 539 shares during the period. Finally, Quantbot Technologies LP raised its holdings in shares of AdvanSix by 772.8% during the 2nd quarter. Quantbot Technologies LP now owns 4,783 shares of the company’s stock worth $149,000 after acquiring an additional 4,235 shares during the period. Institutional investors and hedge funds own 71.35% of the company’s stock.
AdvanSix (NYSE:ASIX) opened at $39.95 on Thursday. The company has a quick ratio of 0.93, a current ratio of 1.39 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $1,218.10, a price-to-earnings ratio of 23.93 and a beta of 2.84. AdvanSix has a fifty-two week low of $19.62 and a fifty-two week high of $46.51.
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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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