AdvanSix Inc (NASDAQ:ASIX) had its target price raised by Cowen and Company from $37.00 to $40.00 in a research note issued to investors on Wednesday, Marketbeat Ratings reports. Cowen and Company currently has an outperform rating on the stock.
AdvanSix (ASIX) opened at 34.43 on Wednesday. AdvanSix has a one year low of $12.00 and a one year high of $34.87. The firm has a market cap of $1.05 billion and a PE ratio of 23.65. The company has a 50-day moving average price of $32.61 and a 200-day moving average price of $29.65.
AdvanSix (NASDAQ:ASIX) last issued its quarterly earnings data on Thursday, August 10th. The company reported $0.83 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.17. The firm had revenue of $361.44 million during the quarter. AdvanSix had a net margin of 7.13% and a return on equity of 40.03%. Equities analysts predict that AdvanSix will post $2.83 earnings per share for the current fiscal year.
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A number of large investors have recently modified their holdings of ASIX. Russell Investments Group Ltd. boosted its holdings in AdvanSix by 117.2% in the second quarter. Russell Investments Group Ltd. now owns 147,395 shares of the company’s stock worth $4,605,000 after purchasing an additional 79,529 shares in the last quarter. Great West Life Assurance Co. Can boosted its holdings in AdvanSix by 3.9% in the second quarter. Great West Life Assurance Co. Can now owns 45,170 shares of the company’s stock worth $1,409,000 after purchasing an additional 1,699 shares in the last quarter. Spark Investment Management LLC boosted its holdings in AdvanSix by 261.0% in the second quarter. Spark Investment Management LLC now owns 357,000 shares of the company’s stock worth $11,152,000 after purchasing an additional 258,100 shares in the last quarter. Texas Permanent School Fund bought a new stake in AdvanSix in the second quarter worth $694,000. Finally, Sei Investments Co. boosted its holdings in AdvanSix by 69.4% in the second quarter. Sei Investments Co. now owns 15,836 shares of the company’s stock worth $494,000 after purchasing an additional 6,490 shares in the last quarter.
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.
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