AdvanSix (NYSE:ASIX) Downgraded to "Buy" Rating by Wall Street Zen

Key Points

• AdvanSix (NYSE:ASIX) has been downgraded from a "strong-buy" to a "buy" rating by Wall Street Zen.
• Piper Sandler has set a target price of $32.00 for AdvanSix shares.
• Shares of AdvanSix saw a 4.5% decline, with current trading at $19.21 and a market cap of $515.02 million.

AdvanSix (NYSE:ASIX - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a note issued to investors on Saturday.

Separately, Piper Sandler set a $32.00 target price on shares of AdvanSix in a report on Monday, May 19th.

AdvanSix Stock Down 4.5%

ASIX stock opened at $19.21 on Friday. The firm has a market cap of $515.02 million, a price-to-earnings ratio of 6.16 and a beta of 1.60. AdvanSix has a 1-year low of $18.44 and a 1-year high of $33.00. The firm has a fifty day moving average price of $23.34 and a two-hundred day moving average price of $24.59. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.56.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Sei Investments Co. raised its stake in shares of AdvanSix by 61.8% during the fourth quarter. Sei Investments Co. now owns 15,938 shares of the company's stock valued at $454,000 after purchasing an additional 6,087 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of AdvanSix during the 4th quarter worth about $137,000. Vanguard Group Inc. lifted its stake in shares of AdvanSix by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 1,951,100 shares of the company's stock worth $55,587,000 after acquiring an additional 27,981 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of AdvanSix by 5.5% in the fourth quarter. JPMorgan Chase & Co. now owns 110,289 shares of the company's stock valued at $3,142,000 after acquiring an additional 5,705 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of AdvanSix by 441.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 219,310 shares of the company's stock valued at $6,248,000 after acquiring an additional 178,843 shares in the last quarter. Institutional investors own 86.39% of the company's stock.

AdvanSix Company Profile

AdvanSix Inc engages in the manufacture and sale of polymer resins in the United States and internationally. It offers Nylon 6, a polymer resin, which is a synthetic material used to produce fibers, filaments, engineered plastics, and films. The company also provides caprolactam to manufacture polymer resins; ammonium sulfate fertilizers to distributors, farm cooperatives, and retailers; and acetone that are used in the production of adhesives, paints, coatings, solvents, herbicides, and engineered plastic resins, as well as other intermediate chemicals, including phenol, monoisopropylamine, dipropylamine, monoallylamine, alpha-methylstyrene, cyclohexanone, methyl ethyl ketoxime, acetaldehyde oxime, 2-pentanone oxime, cyclohexanol, sulfuric acid, ammonia, and carbon dioxide.

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