Analysts Set American Vanguard Corp. (AVD) PT at $17.67

Shares of American Vanguard Corp. (NYSE:AVD) have earned an average rating of “Buy” from the seven research firms that are covering the stock. Three research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $17.67.

AVD has been the topic of several analyst reports. Zacks Investment Research raised shares of American Vanguard Corp. from a “sell” rating to a “hold” rating in a research note on Monday, April 17th. Feltl & Co. reaffirmed a “strong-buy” rating on shares of American Vanguard Corp. in a research note on Wednesday, March 8th. Roth Capital raised shares of American Vanguard Corp. from a “neutral” rating to a “buy” rating in a research note on Monday, January 23rd. Finally, TheStreet raised shares of American Vanguard Corp. from a “c+” rating to a “b-” rating in a research note on Friday, May 5th.

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In related news, CEO Eric G. Wintemute sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $16.19, for a total value of $323,800.00. Following the sale, the chief executive officer now directly owns 902,003 shares of the company’s stock, valued at $14,603,428.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Eric G. Wintemute sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, March 20th. The stock was sold at an average price of $15.34, for a total transaction of $153,400.00. Following the completion of the sale, the chief executive officer now directly owns 942,003 shares in the company, valued at $14,450,326.02. The disclosure for this sale can be found here. Insiders sold 72,075 shares of company stock worth $1,154,705 over the last three months. Corporate insiders own 4.30% of the company’s stock.

Several large investors have recently added to or reduced their stakes in AVD. Wells Fargo & Company MN boosted its stake in American Vanguard Corp. by 44.9% in the third quarter. Wells Fargo & Company MN now owns 10,915 shares of the basic materials company’s stock valued at $175,000 after buying an additional 3,381 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in American Vanguard Corp. by 1.4% in the third quarter. Bank of New York Mellon Corp now owns 432,520 shares of the basic materials company’s stock valued at $6,946,000 after buying an additional 6,113 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in American Vanguard Corp. by 27.1% in the third quarter. JPMorgan Chase & Co. now owns 218,511 shares of the basic materials company’s stock valued at $3,509,000 after buying an additional 46,583 shares in the last quarter. BlackRock Inc. boosted its stake in American Vanguard Corp. by 642.1% in the third quarter. BlackRock Inc. now owns 62,665 shares of the basic materials company’s stock valued at $1,006,000 after buying an additional 54,221 shares in the last quarter. Finally, BlackRock Fund Advisors boosted its stake in American Vanguard Corp. by 8.0% in the third quarter. BlackRock Fund Advisors now owns 1,915,958 shares of the basic materials company’s stock valued at $30,770,000 after buying an additional 142,125 shares in the last quarter. 78.59% of the stock is currently owned by institutional investors and hedge funds.

American Vanguard Corp. (NYSE:AVD) traded up 0.29% during trading on Tuesday, reaching $17.30. 59,412 shares of the company’s stock traded hands. The firm has a market capitalization of $515.25 million, a PE ratio of 37.61 and a beta of 1.27. The firm has a 50 day moving average of $16.93 and a 200 day moving average of $17.02. American Vanguard Corp. has a 1-year low of $13.02 and a 1-year high of $20.00.

American Vanguard Corp. (NYSE:AVD) last released its quarterly earnings results on Thursday, May 4th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.12. American Vanguard Corp. had a net margin of 3.86% and a return on equity of 4.36%. The company had revenue of $70.70 million for the quarter, compared to analysts’ expectations of $74.92 million. During the same period last year, the company earned $0.10 EPS. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. Equities analysts forecast that American Vanguard Corp. will post $0.59 EPS for the current year.

American Vanguard Corp. Company Profile

American Vanguard Corporation 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 C.V.

5 Day Chart for NYSE:AVD

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