AdvanSix Inc (NYSE:ASIX) Given $33.50 Average Target Price by Analysts
AdvanSix Inc (NYSE:ASIX) has been given a consensus broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.
Analysts have set a 1-year consensus target price of $33.50 for the company and are anticipating that the company will post $0.39 earnings per share for the current quarter, according to Zacks. Zacks has also assigned AdvanSix an industry rank of 192 out of 256 based on the ratings given to related companies.
Several research analysts have commented on ASIX shares. ValuEngine upgraded shares of XOMA from a “sell” rating to a “hold” rating in a research report on Friday, May 24th. Zacks Investment Research downgraded shares of Hancock Jaffe Laboratories from a “buy” rating to a “hold” rating in a research report on Wednesday, June 26th.
AdvanSix (NYSE:ASIX) last announced its quarterly earnings data on Friday, May 3rd. The company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.39 by $0.29. AdvanSix had a net margin of 5.09% and a return on equity of 17.96%. The business had revenue of $314.90 million during the quarter, compared to the consensus estimate of $340.87 million. During the same period in the previous year, the business earned $0.37 earnings per share. The company’s revenue was down 12.3% on a year-over-year basis. Sell-side analysts anticipate that AdvanSix will post 2.25 earnings per share for the current year.
In related news, Director Daniel F. Sansone purchased 4,000 shares of the stock in a transaction dated Friday, May 17th. The stock was bought at an average cost of $27.37 per share, for a total transaction of $109,480.00. Following the completion of the acquisition, the director now owns 18,861 shares of the company’s stock, valued at $516,225.57. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Michael Marberry purchased 3,700 shares of the stock in a transaction dated Monday, May 20th. The shares were bought at an average price of $26.99 per share, with a total value of $99,863.00. Following the completion of the acquisition, the director now directly owns 39,996 shares of the company’s stock, valued at approximately $1,079,492.04. The disclosure for this purchase can be found here. 0.56% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its holdings in shares of AdvanSix by 3.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 943,169 shares of the company’s stock worth $22,957,000 after buying an additional 35,803 shares in the last quarter. D. E. Shaw & Co. Inc. increased its holdings in shares of AdvanSix by 14.1% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 768,409 shares of the company’s stock worth $18,704,000 after buying an additional 94,694 shares in the last quarter. Norges Bank acquired a new position in shares of AdvanSix during the fourth quarter worth $16,966,000. Geode Capital Management LLC increased its holdings in shares of AdvanSix by 5.9% during the fourth quarter. Geode Capital Management LLC now owns 318,348 shares of the company’s stock worth $7,748,000 after buying an additional 17,718 shares in the last quarter. Finally, Deutsche Bank AG increased its holdings in shares of AdvanSix by 133.8% during the fourth quarter. Deutsche Bank AG now owns 154,528 shares of the company’s stock worth $3,755,000 after buying an additional 88,429 shares in the last quarter. Institutional investors own 83.09% of the company’s stock.
AdvanSix Company Profile
AdvanSix Inc manufactures and sells polymer resins. 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 to manufacture polymer resins; ammonium sulfate fertilizers to distributors, farm cooperatives, and retailers; and acetone, which is used by customers in the production of adhesives, paints, coatings, solvents, herbicides, and other engineered plastic resins, 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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