Zacks: AdvanSix Inc (ASIX) Receives Average Recommendation of “Strong Buy” from Analysts

Shares of AdvanSix Inc (NYSE:ASIX) have received an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.

Analysts have set a twelve-month consensus target price of $47.00 for the company and are forecasting that the company will post $0.50 earnings per share for the current quarter, according to Zacks. Zacks has also assigned AdvanSix an industry rank of 189 out of 265 based on the ratings given to its competitors.

A number of equities analysts have weighed in on ASIX shares. Zacks Investment Research downgraded shares of AdvanSix from a “hold” rating to a “sell” rating in a research note on Wednesday, December 20th. ValuEngine upgraded shares of AdvanSix from a “hold” rating to a “buy” rating in a research note on Wednesday, January 10th. Finally, BidaskClub cut shares of AdvanSix from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 10th.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. UBS Asset Management Americas Inc. grew its holdings in AdvanSix by 5.8% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 9,132 shares of the company’s stock valued at $285,000 after purchasing an additional 498 shares during the last quarter. American International Group Inc. boosted its position in AdvanSix by 5.7% in the 3rd quarter. American International Group Inc. now owns 23,789 shares of the company’s stock valued at $946,000 after buying an additional 1,287 shares during the period. Cubist Systematic Strategies LLC lifted its position in shares of AdvanSix by 34.9% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 10,657 shares of the company’s stock worth $333,000 after purchasing an additional 2,760 shares during the period. Macquarie Group Ltd. purchased a new stake in shares of AdvanSix in the 3rd quarter worth approximately $123,000. Finally, Sei Investments Co. lifted its position in shares of AdvanSix by 22.7% in the 3rd quarter. Sei Investments Co. now owns 19,433 shares of the company’s stock worth $772,000 after purchasing an additional 3,597 shares during the period. Institutional investors own 71.91% of the company’s stock.

Shares of AdvanSix (NYSE ASIX) traded down $0.97 during midday trading on Thursday, hitting $36.21. 31,461 shares of the company’s stock were exchanged, compared to its average volume of 310,007. AdvanSix has a fifty-two week low of $24.61 and a fifty-two week high of $46.51. The company has a market capitalization of $1,137.62, a P/E ratio of 23.25 and a beta of 0.86. The company has a quick ratio of 0.93, a current ratio of 1.39 and a debt-to-equity ratio of 0.84.

AdvanSix (NYSE:ASIX) last announced its earnings results on Tuesday, November 7th. The company reported $0.77 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.77. AdvanSix had a net margin of 3.64% and a return on equity of 20.30%. research analysts forecast that AdvanSix will post 2.9 earnings per share for the current year.

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About AdvanSix

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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