The stock of American Vanguard Corp. (NYSE:AVD) hit a new 52-week high and has $18.93 target or 4.00% above today’s $18.20 share price. The 6 months bullish chart indicates low risk for the $543.59M company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $18.93 price target is reached, the company will be worth $21.74M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 91,245 shares traded hands. American Vanguard Corp. (NYSE:AVD) has risen 10.80% since April 25, 2016 and is uptrending. It has outperformed by 4.78% the S&P500.
Analysts await American Vanguard Corp. (NYSE:AVD) to report earnings on March, 7. They expect $0.17 EPS, up 70.00% or $0.07 from last year’s $0.1 per share. AVD’s profit will be $5.08 million for 26.76 P/E if the $0.17 EPS becomes a reality. After $0.10 actual EPS reported by American Vanguard Corp. for the previous quarter, Wall Street now forecasts 70.00% EPS growth.
American Vanguard Corp. (NYSE:AVD) Ratings Coverage
Out of 3 analysts covering American Vanguard Corp. (NYSE:AVD), 0 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 0 are positive. $19 is the highest target while $10 is the lowest. The $12.25 average target is -32.69% below today’s ($18.2) stock price. American Vanguard Corp. has been the topic of 7 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The rating was upgraded by Piper Jaffray to “Neutral” on Monday, November 28. As per Wednesday, May 4, the company rating was downgraded by Roth Capital. Roth Capital initiated it with “Buy” rating and $19 target price in Friday, March 11 report. Zacks downgraded the stock to “Hold” rating in Wednesday, August 5 report. The rating was maintained by Piper Jaffray on Tuesday, November 3 with “Neutral”. The stock of American Vanguard Corp. (NYSE:AVD) earned “Hold” rating by BB&T Capital on Wednesday, July 13. Piper Jaffray downgraded the stock to “Underweight” rating in Monday, January 4 report.
According to Zacks Investment Research, “AMERICAN VANGUARD CORP. is a holding company, which through its subsidiaries, is engaged in the manufacturer and formulation of chemicals for crops, human and animal health protection. These chemicals which include insecticides, fungicides, molluscicides, growth regulatorsain, and soil fumigants, are marketed in liquid, powder, and granular forms.”
Insitutional Activity: The institutional sentiment increased to 1.4 in 2016 Q2. Its up 0.70, from 0.7 in 2016Q1. The ratio improved, as 19 funds sold all American Vanguard Corp. shares owned while 44 reduced positions. 12 funds bought stakes while 32 increased positions. They now own 21.56 million shares or 3.36% less from 22.31 million shares in 2016Q1.
Northern holds 0% of its portfolio in American Vanguard Corp. (NYSE:AVD) for 383,175 shares. Louisiana State Employees Retirement holds 0.01% of its portfolio in American Vanguard Corp. (NYSE:AVD) for 11,400 shares. Morgan Stanley has invested 0% of its portfolio in American Vanguard Corp. (NYSE:AVD). Hartford Communications last reported 0% of its portfolio in the stock. Blackrock holds 8,444 shares or 0% of its portfolio. The California-based Schwab Charles Inv Management Inc has invested 0% in American Vanguard Corp. (NYSE:AVD). Ahl Partners Ltd Liability Partnership owns 13,143 shares or 0.01% of their US portfolio. Los Angeles Capital Mngmt & Equity Inc last reported 0% of its portfolio in the stock. Rmb Management Limited Liability Corporation holds 0.09% or 120,000 shares in its portfolio. New York State Teachers Retirement Sys accumulated 48,461 shares or 0% of the stock. Blackrock accumulated 0% or 37,799 shares. Alliancebernstein Lp has invested 0% of its portfolio in American Vanguard Corp. (NYSE:AVD). Envestnet Asset Management last reported 13,316 shares in the company. Janney Montgomery Scott Ltd Co has 0% invested in the company for 15,400 shares. Blackrock Fund Advisors last reported 1.77M shares in the company.
Insider Transactions: Since August 16, 2016, the stock had 1 buy, and 2 selling transactions for $76,150 net activity. Another trade for 5,000 shares valued at $79,550 was made by Trogele Ulrich on Friday, September 9. Hendrix Scott had sold 4,000 shares worth $69,000 on Tuesday, August 16. The insider Rizzi John sold 5,000 shares worth $86,700.
Another recent and important American Vanguard Corp. (NYSE:AVD) news was published by Thestreet.com which published an article titled: “Commit To Purchase American Vanguard Corp. At $12.50, Earn 11.2% Annualized …” on November 04, 2016.
AVD Company Profile
American Vanguard Corporation (AVD), incorporated on January 2, 1969, operates as a holding company. The Firm conducts its business through its subsidiaries, AMVAC Chemical Corporation (AMVAC), GemChem, Inc. (GemChem), 2110 Davie Corporation (DAVIE), Quimica Amvac de Mexico S.A. 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 CV (AMVAC CV), AMVAC Netherlands BV (AMVAC BV) and Envance Technologies, LLC (Envance). The Company, through AMVAC, develops and markets products for agricultural, commercial and consumer uses. The Firm makes and formulates chemicals for crops, turf and ornamental plants, and human and animal health protection. These chemicals, which include insecticides, fungicides, herbicides, molluscicides, growth regulators and soil fumigants, are marketed in liquid, powder and granular forms.
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