AdvanSix (NYSE:ASIX) Stock Rating Upgraded by ValuEngine

AdvanSix (NYSE:ASIX) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Wednesday, January 10th.

ASIX has been the subject of several other reports. BidaskClub raised shares of AdvanSix from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 23rd. Zacks Investment Research raised shares of AdvanSix from a “hold” rating to a “strong-buy” rating and set a $39.00 target price for the company in a research note on Tuesday, September 12th. Finally, Cowen raised their target price on shares of AdvanSix from $40.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday, October 6th.

Shares of AdvanSix (NYSE ASIX) traded down $0.35 on Wednesday, hitting $43.46. 247,500 shares of the stock traded hands, compared to its average volume of 217,470. The company has a market cap of $1,320.00 and a PE ratio of 27.33. AdvanSix has a one year low of $22.22 and a one year high of $46.51. The company has a quick ratio of 0.93, a current ratio of 1.39 and a debt-to-equity ratio of 0.84.

AdvanSix (NYSE:ASIX) last issued its quarterly earnings results on Tuesday, November 7th. The company reported $0.77 earnings per share for the quarter, hitting the consensus estimate of $0.77. AdvanSix had a net margin of 3.64% and a return on equity of 20.30%. equities research analysts forecast that AdvanSix will post 2.9 EPS for the current year.

In related news, Director Michael Marberry acquired 539 shares of AdvanSix stock in a transaction on Wednesday, November 1st. The stock was purchased at an average cost of $46.41 per share, with a total value of $25,014.99. Following the completion of the transaction, the director now directly owns 16,420 shares in the company, valued at approximately $762,052.20. The purchase was disclosed in a document filed with the SEC, which is available through this link. Over the last ninety days, insiders have acquired 1,741 shares of company stock valued at $74,988. Company insiders own 2.70% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. GSA Capital Partners LLP acquired a new stake in shares of AdvanSix during the third quarter worth $908,000. Sterling Capital Management LLC acquired a new stake in shares of AdvanSix during the third quarter worth $943,000. California Public Employees Retirement System lifted its holdings in shares of AdvanSix by 10.8% during the third quarter. California Public Employees Retirement System now owns 99,815 shares of the company’s stock worth $3,968,000 after buying an additional 9,699 shares in the last quarter. Cornerstone Capital Management Holdings LLC. lifted its holdings in shares of AdvanSix by 225.8% during the third quarter. Cornerstone Capital Management Holdings LLC. now owns 103,700 shares of the company’s stock worth $4,121,000 after buying an additional 71,871 shares in the last quarter. Finally, Royce & Associates LP acquired a new stake in shares of AdvanSix during the third quarter worth $994,000. 71.30% of the stock is owned by hedge funds and other 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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