Analysts Anticipate AdvanSix Inc (ASIX) to Post $0.50 Earnings Per Share

AdvanSix Inc (NYSE:ASIX) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.

Brokerages have set a one year consensus price target of $47.00 for the company and are expecting that the company will post $0.50 earnings per share for the current quarter, according to Zacks. Zacks has also given AdvanSix an industry rank of 104 out of 265 based on the ratings given to related companies.

A number of brokerages have recently issued reports on ASIX. BidaskClub raised shares of AdvanSix from a “buy” rating to a “strong-buy” rating in a research report 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 price target for the company in a research report on Tuesday, September 12th. Cowen increased their price target on shares of AdvanSix from $40.00 to $46.00 and gave the company an “outperform” rating in a research report on Friday, October 6th. Finally, ValuEngine cut shares of AdvanSix from a “buy” rating to a “hold” rating in a research report on Friday, December 1st.

Shares of AdvanSix (NYSE ASIX) traded down $0.99 during trading hours on Tuesday, hitting $41.32. 172,249 shares of the stock were exchanged, compared to its average volume of 201,700. The company has a market cap of $1,260.00 and a price-to-earnings ratio of 25.99. AdvanSix has a 1 year low of $20.88 and a 1 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.

In related news, Director Michael Marberry bought 539 shares of the company’s stock in a transaction dated 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 transaction, the director now owns 16,420 shares in the company, valued at approximately $762,052.20. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders bought 1,741 shares of company stock valued at $74,988. Corporate insiders own 2.70% of the company’s stock.

Several institutional investors have recently modified their holdings of ASIX. SG Americas Securities LLC bought a new stake in AdvanSix during the 2nd quarter valued at about $100,000. Pacad Investment Ltd. increased its stake in AdvanSix by 16.7% during 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 in the last quarter. Macquarie Group Ltd. bought a new stake in AdvanSix during the 3rd quarter valued at about $123,000. Pinebridge Investments L.P. increased its stake in AdvanSix by 13.6% during 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 in the last quarter. Finally, Quantbot Technologies LP increased its stake in AdvanSix by 772.8% during 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 in the last quarter. Institutional investors own 71.30% of the company’s stock.

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About AdvanSix

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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