American Vanguard Corporation (NYSE:AVD) has been given an average recommendation of “Hold” by the six brokerages that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $25.00.
A number of brokerages have recently weighed in on AVD. Zacks Investment Research lowered American Vanguard Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Roth Capital set a $28.00 target price on American Vanguard Corporation and gave the stock a “buy” rating in a research note on Sunday, October 1st. Piper Jaffray Companies set a $22.00 target price on American Vanguard Corporation and gave the stock a “hold” rating in a research note on Friday, October 6th. Finally, BidaskClub upgraded American Vanguard Corporation from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 10th.
Shares of American Vanguard Corporation (NYSE AVD) traded down 3.73% during mid-day trading on Friday, hitting $21.95. The stock had a trading volume of 38,833 shares. The stock has a 50 day moving average of $22.31 and a 200-day moving average of $19.23. The stock has a market capitalization of $653.74 million, a P/E ratio of 44.80 and a beta of 1.26. American Vanguard Corporation has a 52 week low of $14.20 and a 52 week high of $24.00.
American Vanguard Corporation (NYSE:AVD) last announced its earnings results on Monday, July 31st. The basic materials company reported $0.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.01. The company had revenue of $77.90 million for the quarter, compared to analyst estimates of $77.71 million. American Vanguard Corporation had a return on equity of 5.10% and a net margin of 4.56%. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.11 earnings per share. On average, equities research analysts predict that American Vanguard Corporation will post $0.69 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, October 19th. Investors of record on Thursday, October 5th were given a dividend of $0.015 per share. This represents a $0.06 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date was Wednesday, October 4th. American Vanguard Corporation’s dividend payout ratio is currently 12.00%.
Large investors have recently modified their holdings of the stock. Mason Street Advisors LLC grew its position in American Vanguard Corporation by 7.0% during the first quarter. Mason Street Advisors LLC now owns 6,041 shares of the basic materials company’s stock worth $100,000 after buying an additional 395 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in American Vanguard Corporation during the third quarter worth approximately $153,000. Acrospire Investment Management LLC grew its position in American Vanguard Corporation by 83.7% during the second quarter. Acrospire Investment Management LLC now owns 8,685 shares of the basic materials company’s stock worth $150,000 after buying an additional 3,956 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in American Vanguard Corporation by 54.0% during the second quarter. BNP Paribas Arbitrage SA now owns 9,019 shares of the basic materials company’s stock worth $156,000 after buying an additional 3,162 shares in the last quarter. Finally, IFC Holdings Incorporated FL acquired a new stake in American Vanguard Corporation during the third quarter worth approximately $222,000. 77.08% of the stock is currently owned by institutional investors and hedge funds.
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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