AdvanSix Inc (NYSE:ASIX) has been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Analysts have set a 1 year consensus price target of $47.00 for the company and are anticipating that the company will post $0.50 EPS for the current quarter, according to Zacks. Zacks has also assigned AdvanSix an industry rank of 209 out of 265 based on the ratings given to related companies.
A number of analysts have recently commented on ASIX shares. BidaskClub cut shares of AdvanSix from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 10th. Zacks Investment Research cut shares of AdvanSix from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 28th. Finally, ValuEngine cut shares of AdvanSix from a “buy” rating to a “hold” rating in a research note on Friday, December 1st.
Several hedge funds have recently added to or reduced their stakes in the company. Macquarie Group Ltd. acquired a new position in AdvanSix during the third quarter worth about $123,000. Spirit of America Management Corp NY boosted its position in AdvanSix by 1,693.5% during the fourth quarter. Spirit of America Management Corp NY now owns 4,448 shares of the company’s stock worth $187,000 after acquiring an additional 4,200 shares during the last quarter. Virtu Financial LLC acquired a new position in AdvanSix during the fourth quarter worth about $219,000. Flagship Harbor Advisors LLC acquired a new position in AdvanSix during the third quarter worth about $240,000. Finally, Stifel Financial Corp acquired a new position in AdvanSix during the third quarter worth about $212,000. 71.49% of the stock is owned by institutional investors and hedge funds.
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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