Shares of AdvanSix Inc (NYSE:ASIX) have been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.
Brokerages have set a twelve-month consensus price target of $47.00 for the company and are predicting that the company will post $0.22 earnings per share for the current quarter, according to Zacks. Zacks has also assigned AdvanSix an industry rank of 135 out of 265 based on the ratings given to related companies.
Several equities analysts have recently weighed in on the stock. ValuEngine raised shares of AdvanSix from a “hold” rating to a “buy” rating in a research note on Wednesday, January 10th. Zacks Investment Research raised shares of AdvanSix from a “sell” rating to a “hold” rating in a research note on Tuesday, January 2nd.
AdvanSix (NYSE:ASIX) last posted its earnings results on Friday, February 23rd. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.10. AdvanSix had a return on equity of 32.17% and a net margin of 9.94%. The business had revenue of $370.39 million during the quarter, compared to analysts’ expectations of $365.40 million. AdvanSix’s revenue was up 42.8% on a year-over-year basis. analysts anticipate that AdvanSix will post 3.28 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently modified their holdings of ASIX. Dimensional Fund Advisors LP grew its stake in shares of AdvanSix by 53.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 377,755 shares of the company’s stock worth $11,802,000 after acquiring an additional 131,124 shares in the last quarter. Voya Investment Management LLC bought a new position in shares of AdvanSix during the 2nd quarter worth approximately $435,000. State Street Corp grew its stake in shares of AdvanSix by 41.2% during the 2nd quarter. State Street Corp now owns 717,873 shares of the company’s stock worth $22,427,000 after acquiring an additional 209,636 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of AdvanSix by 1,967.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,324 shares of the company’s stock worth $729,000 after acquiring an additional 22,196 shares in the last quarter. Finally, Nationwide Fund Advisors grew its stake in shares of AdvanSix by 36.9% during the 3rd quarter. Nationwide Fund Advisors now owns 23,230 shares of the company’s stock worth $923,000 after acquiring an additional 6,260 shares in the last quarter. 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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