AdvanSix Inc (NYSE:ASIX) has received an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.
Analysts have set a 1 year consensus price target of $47.00 for the company and are forecasting that the company will post $0.22 EPS for the current quarter, according to Zacks. Zacks has also given AdvanSix an industry rank of 138 out of 265 based on the ratings given to related companies.
A number of brokerages have recently weighed in on ASIX. Zacks Investment Research raised shares of AdvanSix from a “sell” rating to a “hold” rating in a research note on Friday. ValuEngine cut shares of AdvanSix from a “buy” rating to a “hold” rating in a research report on Friday, December 1st.
A number of hedge funds and other institutional investors have recently modified their holdings of ASIX. The Manufacturers Life Insurance Company lifted its position in AdvanSix by 1,967.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,324 shares of the company’s stock valued at $729,000 after acquiring an additional 22,196 shares during the period. Nationwide Fund Advisors lifted its position in AdvanSix by 36.9% during the 3rd quarter. Nationwide Fund Advisors now owns 23,230 shares of the company’s stock valued at $923,000 after acquiring an additional 6,260 shares during the period. Prudential Financial Inc. lifted its position in AdvanSix by 29.6% during the 3rd quarter. Prudential Financial Inc. now owns 241,323 shares of the company’s stock valued at $9,594,000 after acquiring an additional 55,140 shares during the period. Sei Investments Co. lifted its position in AdvanSix by 22.7% during the 3rd quarter. Sei Investments Co. now owns 19,433 shares of the company’s stock valued at $772,000 after acquiring an additional 3,597 shares during the period. Finally, Municipal Employees Retirement System of Michigan lifted its position in AdvanSix by 58.8% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 11,420 shares of the company’s stock valued at $454,000 after acquiring an additional 4,230 shares during the period. 77.96% of the stock is owned by institutional investors.
Shares of AdvanSix stock traded down $0.93 during trading hours on Monday, reaching $36.04. 174,846 shares of the company were exchanged, compared to its average volume of 318,185. The stock has a market cap of $1,126.92, a PE ratio of 7.66 and a beta of 0.62. AdvanSix has a one year low of $24.72 and a one year high of $46.51. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.87 and a current ratio of 1.31.
AdvanSix (NYSE:ASIX) last issued its earnings results on Friday, February 23rd. The company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.10. The company had revenue of $370.39 million for the quarter, compared to analysts’ expectations of $365.40 million. AdvanSix had a net margin of 9.94% and a return on equity of 32.17%. The business’s revenue was up 42.8% on a year-over-year basis. equities research analysts predict that AdvanSix will post 3.28 EPS for the current fiscal year.
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AdvanSix Inc is an integrated manufacturer of Nylon 6. The Company also sells a variety of other products, all of which are produced as part of the Nylon 6 resin manufacturing process primarily, including caprolactam, ammonium sulfate fertilizers and other chemical intermediates. The Company operates primarily through its integrated manufacturing sites located in Frankford, Pennsylvania, Hopewell, Virginia, and Chesterfield, Virginia.
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