American Vanguard Corporation (AVD) PT Set at $22.00 by Piper Jaffray Companies

Piper Jaffray Companies set a $22.00 price target on American Vanguard Corporation (NYSE:AVD) in a research report released on Friday. The firm currently has a hold rating on the basic materials company’s stock.

Several other research analysts have also recently weighed in on the company. BidaskClub upgraded American Vanguard Corporation from a sell rating to a hold rating in a research report on Tuesday, July 11th. Zacks Investment Research upgraded American Vanguard Corporation from a hold rating to a buy rating and set a $19.00 price target for the company in a research report on Friday, July 7th. Finally, Roth Capital set a $22.00 price target on American Vanguard Corporation and gave the company a buy rating in a research report on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $24.33.

American Vanguard Corporation (NYSE AVD) opened at 22.70 on Friday. The company’s 50 day moving average price is $21.22 and its 200-day moving average price is $18.60. American Vanguard Corporation has a 52 week low of $14.20 and a 52 week high of $23.95. The company has a market capitalization of $676.07 million, a P/E ratio of 46.33 and a beta of 1.26.

American Vanguard Corporation (NYSE:AVD) last announced its quarterly earnings results on Monday, July 31st. The basic materials company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.01. The company had revenue of $77.90 million during the quarter, compared to analysts’ expectations of $77.71 million. American Vanguard Corporation had a return on equity of 5.10% and a net margin of 4.56%. American Vanguard Corporation’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period last year, the business earned $0.11 earnings per share. Equities research analysts expect that American Vanguard Corporation will post $0.69 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “American Vanguard Corporation (AVD) PT Set at $22.00 by Piper Jaffray Companies” was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The legal version of this piece of content can be accessed at https://ledgergazette.com/2017/10/10/american-vanguard-corporation-avd-pt-set-at-22-00-by-piper-jaffray-companies.html.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 19th. Stockholders of record on Thursday, October 5th will be given a $0.015 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date is Wednesday, October 4th. American Vanguard Corporation’s dividend payout ratio (DPR) is presently 12.00%.

In other news, insider David` T. Johnson sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $19.00, for a total value of $114,000.00. Following the completion of the sale, the insider now directly owns 35,040 shares in the company, valued at $665,760. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.70% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of the company. Walthausen & Co. LLC increased its position in shares of American Vanguard Corporation by 57.7% in the second quarter. Walthausen & Co. LLC now owns 701,722 shares of the basic materials company’s stock valued at $12,105,000 after buying an additional 256,637 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of American Vanguard Corporation by 4.0% in the second quarter. The Manufacturers Life Insurance Company now owns 23,442 shares of the basic materials company’s stock valued at $404,000 after buying an additional 895 shares in the last quarter. BlueCrest Capital Management Ltd increased its position in shares of American Vanguard Corporation by 150.0% in the second quarter. BlueCrest Capital Management Ltd now owns 50,000 shares of the basic materials company’s stock valued at $863,000 after buying an additional 30,000 shares in the last quarter. State Street Corp increased its position in shares of American Vanguard Corporation by 4.2% in the second quarter. State Street Corp now owns 663,208 shares of the basic materials company’s stock valued at $11,442,000 after buying an additional 26,587 shares in the last quarter. Finally, Voya Investment Management LLC increased its position in shares of American Vanguard Corporation by 12.6% in the second quarter. Voya Investment Management LLC now owns 15,495 shares of the basic materials company’s stock valued at $

Several other research analysts have also recently weighed in on the company. BidaskClub upgraded American Vanguard Corporation from a sell rating to a hold rating in a research report on Tuesday, July 11th. Zacks Investment Research upgraded American Vanguard Corporation from a hold rating to a buy rating and set a $19.00 price target for the company in a research report on Friday, July 7th. Finally, Roth Capital set a $22.00 price target on American Vanguard Corporation and gave the company a buy rating in a research report on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $24.33.

American Vanguard Corporation (NYSE AVD) opened at 22.70 on Friday. The company’s 50 day moving average price is $21.22 and its 200-day moving average price is $18.60. American Vanguard Corporation has a 52 week low of $14.20 and a 52 week high of $23.95. The company has a market capitalization of $676.07 million, a P/E ratio of 46.33 and a beta of 1.26.

American Vanguard Corporation (NYSE:AVD) last announced its quarterly earnings results on Monday, July 31st. The basic materials company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.01. The company had revenue of $77.90 million during the quarter, compared to analysts’ expectations of $77.71 million. American Vanguard Corporation had a return on equity of 5.10% and a net margin of 4.56%. American Vanguard Corporation’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period last year, the business earned $0.11 earnings per share. Equities research analysts expect that American Vanguard Corporation will post $0.69 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “American Vanguard Corporation (AVD) PT Set at $22.00 by Piper Jaffray Companies” was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The legal version of this piece of content can be accessed at https://ledgergazette.com/2017/10/10/american-vanguard-corporation-avd-pt-set-at-22-00-by-piper-jaffray-companies.html.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 19th. Stockholders of record on Thursday, October 5th will be given a $0.015 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date is Wednesday, October 4th. American Vanguard Corporation’s dividend payout ratio (DPR) is presently 12.00%.

In other news, insider David` T. Johnson sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $19.00, for a total value of $114,000.00. Following the completion of the sale, the insider now directly owns 35,040 shares in the company, valued at $665,760. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.70% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of the company. Walthausen & Co. LLC increased its position in shares of American Vanguard Corporation by 57.7% in the second quarter. Walthausen & Co. LLC now owns 701,722 shares of the basic materials company’s stock valued at $12,105,000 after buying an additional 256,637 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of American Vanguard Corporation by 4.0% in the second quarter. The Manufacturers Life Insurance Company now owns 23,442 shares of the basic materials company’s stock valued at $404,000 after buying an additional 895 shares in the last quarter. BlueCrest Capital Management Ltd increased its position in shares of American Vanguard Corporation by 150.0% in the second quarter. BlueCrest Capital Management Ltd now owns 50,000 shares of the basic materials company’s stock valued at $863,000 after buying an additional 30,000 shares in the last quarter. State Street Corp increased its position in shares of American Vanguard Corporation by 4.2% in the second quarter. State Street Corp now owns 663,208 shares of the basic materials company’s stock valued at $11,442,000 after buying an additional 26,587 shares in the last quarter. Finally, Voya Investment Management LLC increased its position in shares of American Vanguard Corporation by 12.6% in the second quarter. Voya Investment Management LLC now owns 15,495 shares of the basic materials company’s stock valued at $267,000 after buying an additional 1,734 shares in the last quarter. Institutional investors and hedge funds own 76.87% of the company’s stock.

About American Vanguard Corporation

American Vanguard Corporation 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 C.V.

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