AdvanSix Inc (NASDAQ:ASIX) had its price objective boosted by Cowen and Company from $40.00 to $46.00 in a research note published on Friday, October 6th, Marketbeat.com reports. They currently have an outperform rating on the stock.
Other analysts also recently issued reports about the company. BidaskClub upgraded AdvanSix from a hold rating to a buy rating in a report on Friday, September 15th. Zacks Investment Research upgraded AdvanSix from a hold rating to a strong-buy rating and set a $39.00 target price on the stock in a research note on Tuesday, September 12th.
AdvanSix (ASIX) opened at 44.34 on Friday. The firm has a market cap of $1.35 billion and a price-to-earnings ratio of 30.45. The company has a 50-day moving average of $39.74 and a 200-day moving average of $39.74. AdvanSix has a 52 week low of $14.65 and a 52 week high of $45.54.
AdvanSix (NASDAQ:ASIX) last released its earnings results on Thursday, August 10th. The company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.17. AdvanSix had a return on equity of 40.03% and a net margin of 7.13%. The business had revenue of $361.44 million during the quarter. Equities research analysts forecast that AdvanSix will post $2.92 earnings per share for the current fiscal year.
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Hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new position in shares of AdvanSix during the 2nd quarter worth approximately $100,000. Pacad Investment Ltd. raised its stake in AdvanSix by 16.7% in the 2nd quarter. Pacad Investment Ltd. now owns 3,500 shares of the company’s stock valued at $109,000 after purchasing an additional 500 shares during the last quarter. Pinebridge Investments L.P. raised its stake in AdvanSix by 13.6% in the 2nd quarter. Pinebridge Investments L.P. now owns 4,509 shares of the company’s stock valued at $141,000 after purchasing an additional 539 shares during the last quarter. Quantbot Technologies LP raised its stake in AdvanSix by 772.8% in the 2nd quarter. Quantbot Technologies LP now owns 4,783 shares of the company’s stock valued at $149,000 after purchasing an additional 4,235 shares during the last quarter. Finally, Private Advisor Group LLC acquired a new position in AdvanSix in the 2nd quarter valued at $227,000.
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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