American Vanguard (NYSE:AVD) PT Raised to $20.00 at Loop Capital

American Vanguard (NYSE:AVD) had its price objective hoisted by equities researchers at Loop Capital from $19.00 to $20.00 in a report issued on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the basic materials company’s stock. Loop Capital’s price target would indicate a potential upside of 72.49% from the stock’s current price.

A number of other brokerages have also recently commented on AVD. Roth Capital reissued a “buy” rating on shares of American Vanguard in a research report on Wednesday, January 31st. StockNews.com raised American Vanguard from a “hold” rating to a “buy” rating in a research report on Monday, March 18th. Finally, Roth Mkm boosted their price target on American Vanguard from $13.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, March 15th. Four investment analysts have rated the stock with a buy rating, According to MarketBeat, American Vanguard currently has an average rating of “Buy” and a consensus price target of $18.00.

American Vanguard Stock Down 0.1 %

AVD stock opened at $11.60 on Monday. American Vanguard has a fifty-two week low of $8.41 and a fifty-two week high of $21.60. The business’s 50 day moving average price is $11.56 and its two-hundred day moving average price is $10.64. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.92 and a current ratio of 1.87. The company has a market capitalization of $333.94 million, a price-to-earnings ratio of 42.95 and a beta of 1.00.

American Vanguard (NYSE:AVD) last issued its quarterly earnings results on Thursday, March 14th. The basic materials company reported $0.25 EPS for the quarter, hitting analysts’ consensus estimates of $0.25. American Vanguard had a return on equity of 2.05% and a net margin of 1.30%. The firm had revenue of $172.20 million for the quarter, compared to analysts’ expectations of $172.70 million. As a group, analysts forecast that American Vanguard will post 0.77 earnings per share for the current fiscal year.

Hedge Funds Weigh In On American Vanguard

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Invenomic Capital Management LP lifted its holdings in shares of American Vanguard by 256.9% during the 4th quarter. Invenomic Capital Management LP now owns 876,708 shares of the basic materials company’s stock valued at $9,617,000 after buying an additional 631,070 shares during the period. Penn Capital Management Company LLC purchased a new position in American Vanguard during the fourth quarter valued at $4,940,000. Cove Street Capital LLC purchased a new position in American Vanguard during the fourth quarter valued at $2,924,000. Schroder Investment Management Group increased its position in American Vanguard by 89.6% in the third quarter. Schroder Investment Management Group now owns 539,875 shares of the basic materials company’s stock worth $5,901,000 after buying an additional 255,190 shares in the last quarter. Finally, Acadian Asset Management LLC raised its stake in shares of American Vanguard by 494.9% in the third quarter. Acadian Asset Management LLC now owns 300,856 shares of the basic materials company’s stock worth $3,285,000 after buying an additional 250,287 shares during the period. 79.04% of the stock is owned by institutional investors.

American Vanguard Company Profile

American Vanguard Corporation, through its subsidiaries, develops, manufactures, and markets specialty chemicals for agricultural, commercial, and consumer uses in the United States and internationally. It manufactures and formulates chemicals, including insecticides, fungicides, herbicides, soil health, plant nutrition, molluscicides, growth regulators, soil fumigants, and biorationals in liquid, powder, and granular forms for crops, turf and ornamental plants, and human and animal health protection.