AdvanSix Inc (NYSE:ASIX) has earned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Analysts have set a twelve-month consensus price objective of $40.00 for the company, according to Zacks. Zacks has also given AdvanSix an industry rank of 230 out of 255 based on the ratings given to its competitors.
A number of brokerages have weighed in on ASIX. Zacks Investment Research lowered shares of AdvanSix from a “hold” rating to a “sell” rating in a research report on Monday, June 18th. ValuEngine lowered shares of AdvanSix from a “buy” rating to a “hold” rating in a research report on Friday, June 1st.
Shares of NYSE:ASIX opened at $34.49 on Thursday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.31 and a quick ratio of 0.78. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 11.50 and a beta of 1.11. AdvanSix has a twelve month low of $32.29 and a twelve month high of $46.51.
AdvanSix (NYSE:ASIX) last issued its earnings results on Friday, August 3rd. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. The firm had revenue of $400.46 million during the quarter, compared to analyst estimates of $391.10 million. AdvanSix had a net margin of 8.93% and a return on equity of 22.35%. The company’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the business earned $0.83 earnings per share. analysts predict that AdvanSix will post 2.53 EPS for the current fiscal year.
In other AdvanSix news, Director Michael Marberry bought 1,437 shares of the business’s stock in a transaction on Tuesday, August 7th. The stock was purchased at an average price of $34.79 per share, for a total transaction of $49,993.23. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.22% of the stock is owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in ASIX. Itau Unibanco Holding S.A. bought a new position in shares of AdvanSix in the second quarter worth approximately $134,000. Point72 Asia Hong Kong Ltd boosted its holdings in AdvanSix by 483.3% in the first quarter. Point72 Asia Hong Kong Ltd now owns 4,200 shares of the company’s stock valued at $146,000 after acquiring an additional 3,480 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in AdvanSix by 607.4% in the first quarter. Envestnet Asset Management Inc. now owns 4,230 shares of the company’s stock valued at $147,000 after acquiring an additional 3,632 shares in the last quarter. Meeder Asset Management Inc. boosted its holdings in AdvanSix by 148.9% in the second quarter. Meeder Asset Management Inc. now owns 4,142 shares of the company’s stock valued at $152,000 after acquiring an additional 2,478 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in AdvanSix by 97,980.0% in the first quarter. Victory Capital Management Inc. now owns 4,904 shares of the company’s stock valued at $171,000 after acquiring an additional 4,899 shares in the last quarter. Institutional investors own 77.39% of the company’s stock.
AdvanSix Inc manufactures and sells polymer resins in the United States. It offers Nylon 6, a polymer resin, which is a synthetic material used to produce engineered plastics, fibers, filaments, and films. The company also provides caprolactam, ammonium sulfate fertilizers, and acetone, as well as other intermediate chemicals, including phenol, alpha-methylstyrene, cyclohexanone, methyl ethyl ketoxime, cyclohexanol, acetaldehyde oxime, 2-pentanone oxime, sulfuric acid, ammonia, and carbon dioxide.
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