American Vanguard Corporation (NYSE:AVD) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Tuesday.
According to Zacks, “AMERICAN VANGUARD CORP. is a holding company, which through its subsidiaries, is engaged in the manufacturer and formulation of chemicals for crops, human and animal health protection. These chemicals which include insecticides, fungicides, molluscicides, growth regulatorsain, and soil fumigants, are marketed in liquid, powder, and granular forms. “
Other equities research analysts have also recently issued reports about the company. BidaskClub cut American Vanguard Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Roth Capital set a $28.00 price objective on American Vanguard Corporation and gave the stock a “buy” rating in a report on Sunday, October 1st. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $23.00 price objective on shares of American Vanguard Corporation in a report on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $25.33.
American Vanguard Corporation (AVD) traded down $0.10 during trading hours on Tuesday, hitting $18.90. The stock had a trading volume of 111,300 shares, compared to its average volume of 99,290. American Vanguard Corporation has a 52-week low of $14.65 and a 52-week high of $24.00. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.37 and a quick ratio of 1.20. The firm has a market cap of $566.10, a PE ratio of 35.19, a PEG ratio of 2.13 and a beta of 1.30.
American Vanguard Corporation (NYSE:AVD) last posted its earnings results on Thursday, November 2nd. The basic materials company reported $0.14 EPS for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.03). American Vanguard Corporation had a net margin of 4.83% and a return on equity of 5.44%. The business had revenue of $90.00 million for the quarter, compared to analyst estimates of $89.17 million. During the same quarter last year, the business earned $0.10 earnings per share. American Vanguard Corporation’s revenue was up 9.2% on a year-over-year basis. equities research analysts expect that American Vanguard Corporation will post 0.59 earnings per share for the current year.
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A number of hedge funds have recently bought and sold shares of the stock. Kennedy Capital Management Inc. lifted its stake in American Vanguard Corporation by 1,158.7% in the 2nd quarter. Kennedy Capital Management Inc. now owns 374,744 shares of the basic materials company’s stock worth $6,464,000 after purchasing an additional 344,971 shares in the last quarter. Walthausen & Co. LLC lifted its stake in American Vanguard Corporation by 57.7% in the 2nd quarter. Walthausen & Co. LLC now owns 701,722 shares of the basic materials company’s stock worth $12,105,000 after purchasing an additional 256,637 shares in the last quarter. Heartland Advisors Inc. lifted its stake in American Vanguard Corporation by 32.6% in the 2nd quarter. Heartland Advisors Inc. now owns 871,469 shares of the basic materials company’s stock worth $15,033,000 after purchasing an additional 214,141 shares in the last quarter. Vanguard Group Inc. lifted its stake in American Vanguard Corporation by 5.2% in the 1st quarter. Vanguard Group Inc. now owns 2,430,201 shares of the basic materials company’s stock worth $40,342,000 after purchasing an additional 119,462 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in American Vanguard Corporation by 3.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,370,250 shares of the basic materials company’s stock worth $39,345,000 after purchasing an additional 84,367 shares in the last quarter. Institutional investors own 76.30% 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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