American Vanguard (NYSE:AVD) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday, April 2nd.
AVD has been the subject of a number of other reports. Zacks Investment Research cut American Vanguard from a “hold” rating to a “sell” rating in a report on Tuesday, March 20th. Roth Capital reaffirmed a “buy” rating on shares of American Vanguard in a report on Thursday, March 15th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. American Vanguard has a consensus rating of “Hold” and an average target price of $25.33.
NYSE:AVD traded up $0.50 during mid-day trading on Monday, hitting $23.25. 67,778 shares of the company’s stock traded hands, compared to its average volume of 115,252. The company has a quick ratio of 1.04, a current ratio of 2.02 and a debt-to-equity ratio of 0.25. American Vanguard has a 12 month low of $15.20 and a 12 month high of $24.00. The company has a market cap of $658.46, a price-to-earnings ratio of 40.09 and a beta of 1.19.
American Vanguard (NYSE:AVD) last announced its quarterly earnings data on Monday, March 12th. The basic materials company reported $0.17 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.17. American Vanguard had a return on equity of 5.74% and a net margin of 5.70%. The company had revenue of $116.50 million during the quarter, compared to the consensus estimate of $110.06 million. During the same quarter last year, the company earned $0.13 EPS. The company’s quarterly revenue was up 33.1% on a year-over-year basis. analysts anticipate that American Vanguard will post 0.8 EPS for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Heartland Advisors Inc. boosted its position in shares of American Vanguard by 21.8% in the 4th quarter. Heartland Advisors Inc. now owns 981,413 shares of the basic materials company’s stock worth $19,285,000 after purchasing an additional 175,780 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of American Vanguard by 14.1% in the fourth quarter. Renaissance Technologies LLC now owns 547,952 shares of the basic materials company’s stock valued at $10,767,000 after acquiring an additional 67,800 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of American Vanguard in the fourth quarter valued at about $1,289,000. Deutsche Bank AG increased its position in shares of American Vanguard by 68.2% in the fourth quarter. Deutsche Bank AG now owns 153,482 shares of the basic materials company’s stock valued at $3,014,000 after acquiring an additional 62,248 shares during the last quarter. Finally, Weil Company Inc. acquired a new stake in shares of American Vanguard in the fourth quarter valued at about $871,000. 76.82% of the stock is owned by institutional investors.
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American Vanguard Company Profile
American Vanguard Corporation, through its subsidiaries, develops, manufactures, and markets specialty chemicals for agricultural, commercial, and consumer uses in the United States and internationally. The company manufactures and formulates chemicals, including insecticides, fungicides, herbicides, molluscicides, growth regulators, and soil fumigants in liquid, powder, and granular forms for crops, turf and ornamental plants, and human and animal health protection.
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