AdvanSix Inc (NYSE:ASIX) has been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.
Analysts have set a 1 year consensus target price of $47.00 for the company and are predicting that the company will post $0.22 EPS for the current quarter, according to Zacks. Zacks has also assigned AdvanSix an industry rank of 174 out of 265 based on the ratings given to related companies.
Several equities research analysts have recently weighed in on ASIX shares. Zacks Investment Research raised AdvanSix from a “sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. ValuEngine raised AdvanSix from a “hold” rating to a “buy” rating in a research report on Wednesday, January 10th.
Shares of AdvanSix (NYSE:ASIX) opened at $36.49 on Friday. The stock has a market capitalization of $1,110.00 and a P/E ratio of 12.16. The company has a current ratio of 1.31, a quick ratio of 0.87 and a debt-to-equity ratio of 0.66. AdvanSix has a 12-month low of $24.72 and a 12-month high of $46.51.
AdvanSix (NYSE:ASIX) last posted its quarterly earnings data on Friday, February 23rd. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.10. AdvanSix had a return on equity of 32.17% and a net margin of 9.94%. The company had revenue of $370.39 million during the quarter, compared to analysts’ expectations of $365.40 million. AdvanSix’s quarterly revenue was up 42.8% compared to the same quarter last year. equities analysts forecast that AdvanSix will post 3.28 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently bought and sold shares of the company. American International Group Inc. boosted its position in shares of AdvanSix by 5.7% in the third quarter. American International Group Inc. now owns 23,789 shares of the company’s stock valued at $946,000 after acquiring an additional 1,287 shares during the period. Raymond James & Associates lifted its position in AdvanSix by 4.7% in the fourth quarter. Raymond James & Associates now owns 30,430 shares of the company’s stock worth $1,280,000 after purchasing an additional 1,369 shares during the period. Driehaus Capital Management LLC lifted its position in AdvanSix by 2.3% in the fourth quarter. Driehaus Capital Management LLC now owns 103,128 shares of the company’s stock worth $4,339,000 after purchasing an additional 2,284 shares during the period. Macquarie Group Ltd. bought a new position in AdvanSix in the third quarter worth $123,000. Finally, Globeflex Capital L P lifted its position in AdvanSix by 5.5% in the fourth quarter. Globeflex Capital L P now owns 61,786 shares of the company’s stock worth $2,599,000 after purchasing an additional 3,226 shares during the period. 77.95% of the stock is owned by institutional investors.
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AdvanSix Company Profile
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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