American Vanguard Corp. (NYSE:AVD) was upgraded by research analysts at Piper Jaffray Cos. to a “neutral” rating in a research report issued on Monday.
A number of other research analysts have also weighed in on AVD. Zacks Investment Research lowered American Vanguard Corp. from a “hold” rating to a “sell” rating in a report on Friday, November 4th. SunTrust Banks Inc. raised American Vanguard Corp. from a “neutral” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Wednesday, August 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $15.13.
Shares of American Vanguard Corp. (NYSE:AVD) opened at 17.65 on Monday. American Vanguard Corp. has a 52 week low of $9.63 and a 52 week high of $18.10. The company has a market cap of $518.20 million, a P/E ratio of 43.05 and a beta of 1.24. The company’s 50-day moving average price is $16.06 and its 200 day moving average price is $15.63.
American Vanguard Corp. (NYSE:AVD) last announced its earnings results on Wednesday, November 2nd. The company reported $0.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by $0.02. American Vanguard Corp. had a net margin of 3.86% and a return on equity of 4.36%. The business had revenue of $82.50 million for the quarter, compared to analyst estimates of $79.39 million. During the same period in the prior year, the company earned $0.09 earnings per share. The company’s quarterly revenue was up 13.8% on a year-over-year basis. Equities research analysts anticipate that American Vanguard Corp. will post $0.44 earnings per share for the current fiscal year.
In other news, insider John Rizzi sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 30th. The stock was sold at an average price of $17.34, for a total value of $86,700.00. Following the transaction, the insider now owns 32,315 shares in the company, valued at $560,342.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 4.30% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Panagora Asset Management Inc. increased its position in American Vanguard Corp. by 68.1% in the third quarter. Panagora Asset Management Inc. now owns 21,141 shares of the company’s stock valued at $340,000 after buying an additional 8,568 shares during the period. D. E. Shaw & Co. Inc. purchased a new position in American Vanguard Corp. during the third quarter valued at $429,000. Gotham Asset Management LLC increased its position in American Vanguard Corp. by 43.1% in the third quarter. Gotham Asset Management LLC now owns 17,973 shares of the company’s stock valued at $289,000 after buying an additional 5,409 shares during the period. The Manufacturers Life Insurance Company purchased a new position in American Vanguard Corp. during the third quarter valued at $317,000. Finally, Two Sigma Advisers LP purchased a new position in American Vanguard Corp. during the third quarter valued at $163,000. Institutional investors and hedge funds own 77.13% of the company’s stock.
American Vanguard Corp. Company Profile