American Vanguard Corp. (AVD) Upgraded at Piper Jaffray Cos.
Piper Jaffray Cos. upgraded shares of American Vanguard Corp. (NYSE:AVD) from an underweight rating to a neutral rating in a research report released on Monday morning. They currently have $17.00 target price on the stock, up from their previous target price of $12.00.
A number of other equities research analysts have also issued reports on AVD. Zacks Investment Research lowered American Vanguard Corp. from a hold rating to a sell rating in a research note on Friday, November 4th. SunTrust Banks Inc. upgraded American Vanguard Corp. from a neutral rating to a buy rating and set a $18.00 price target for the company in a research note on Wednesday, August 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. American Vanguard Corp. has an average rating of Hold and an average target price of $16.63.
American Vanguard Corp. (NYSE:AVD) opened at 18.20 on Monday. American Vanguard Corp. has a 12-month low of $9.63 and a 12-month high of $18.45. The stock has a market cap of $534.35 million, a P/E ratio of 44.39 and a beta of 1.24. The stock has a 50 day moving average price of $16.17 and a 200 day moving average price of $15.72.
American Vanguard Corp. (NYSE:AVD) last issued its quarterly earnings results on Wednesday, November 2nd. The company reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.12 by $0.02. American Vanguard Corp. had a return on equity of 4.36% and a net margin of 3.86%. The business earned $82.50 million during the quarter, compared to analysts’ expectations of $79.39 million. During the same quarter in the previous year, the company posted $0.09 EPS. The company’s quarterly revenue was up 13.8% on a year-over-year basis. On average, analysts forecast that American Vanguard Corp. will post $0.44 earnings per share for the current fiscal year.
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In related news, insider Ulrich Trogele acquired 5,000 shares of the company’s stock in a transaction on Friday, September 9th. The stock was acquired at an average price of $15.91 per share, with a total value of $79,550.00. Following the acquisition, the insider now directly owns 72,604 shares of the company’s stock, valued at $1,155,129.64. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 4.30% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in American Vanguard Corp. by 148.4% in the second quarter. BlackRock Inc. now owns 8,444 shares of the company’s stock valued at $128,000 after buying an additional 5,045 shares during the period. Rational Advisors LLC bought a new position in American Vanguard Corp. during the second quarter valued at approximately $128,000. Catalyst Capital Advisors LLC bought a new position in American Vanguard Corp. during the third quarter valued at approximately $128,000. Hartford Investment Management Co. bought a new position in American Vanguard Corp. during the second quarter valued at approximately $157,000. Finally, Two Sigma Advisers LP bought a new position in American Vanguard Corp. during the third quarter valued at approximately $163,000. 77.13% of the stock is owned by institutional investors and hedge funds.
American Vanguard Corp. Company Profile
American Vanguard Corporation (AVD) 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 CV (AMVAC CV), AMVAC Netherlands BV (AMVAC BV) and Envance Technologies, LLC (Envance).
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