American Vanguard Corp. (AVD) Trading Up 2.2%
American Vanguard Corp. (NYSE:AVD)’s share price was up 2.2% during mid-day trading on Thursday . The company traded as high as $17.33 and last traded at $17.31, with a volume of 54,386 shares. The stock had previously closed at $16.93.
A number of equities analysts recently issued reports on AVD shares. SunTrust Banks Inc. raised American Vanguard Corp. from a “neutral” rating to a “buy” rating and set a $18.00 price target on the stock in a report on Wednesday, August 3rd. Zacks Investment Research raised American Vanguard Corp. from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a report on Monday, August 1st. BB&T Corp. lowered American Vanguard Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, July 13th. They noted that the move was a valuation call. Finally, Roth Capital lowered American Vanguard Corp. from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $19.00 to $14.50 in a report on Wednesday, May 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $15.13.
The firm has a market cap of $497.74 million and a P/E ratio of 41.47. The firm’s 50 day moving average price is $16.31 and its 200 day moving average price is $15.11.
American Vanguard Corp. (NYSE:AVD) last issued its earnings results on Tuesday, August 2nd. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. During the same quarter last year, the company posted $0.03 EPS. The company earned $72.70 million during the quarter, compared to analyst estimates of $72.78 million. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. On average, equities research analysts forecast that American Vanguard Corp. will post $0.47 earnings per share for the current fiscal year.
In other news, VP Scott Hendrix sold 4,000 shares of the company’s stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $17.25, for a total value of $69,000.00. Following the sale, the vice president now owns 14,296 shares in the company, valued at approximately $246,606. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
A hedge fund recently raised its stake in American Vanguard Corp. stock. Schwab Charles Investment Management Inc. increased its position in shares of American Vanguard Corp. (NYSE:AVD) by 2.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 82,034 shares of the company’s stock after buying an additional 2,080 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.28% of American Vanguard Corp. worth $1,150,000 as of its most recent filing with the SEC.
American Vanguard Corporation (AVD) 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 CV (AMVAC CV), AMVAC Netherlands BV (AMVAC BV) and Envance Technologies, LLC (Envance).
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.