American Vanguard (NYSE:AVD) Raised to Hold at Wall Street Zen

American Vanguard (NYSE:AVD - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Sunday.

Separately, Lake Street Capital decreased their price objective on shares of American Vanguard from $14.00 to $12.00 and set a "buy" rating for the company in a report on Monday, June 9th.

American Vanguard Stock Performance

NYSE:AVD opened at $4.19 on Friday. The company has a current ratio of 1.89, a quick ratio of 0.79 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $118.25 million, a price-to-earnings ratio of -4.07 and a beta of 1.28. The firm's fifty day simple moving average is $4.24 and its 200 day simple moving average is $4.76. American Vanguard has a twelve month low of $3.28 and a twelve month high of $9.84.

American Vanguard (NYSE:AVD - Get Free Report) last issued its earnings results on Friday, June 6th. The basic materials company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.21). The company had revenue of $127.00 million during the quarter, compared to analyst estimates of $127.00 million. American Vanguard had a negative net margin of 5.22% and a negative return on equity of 3.45%. During the same quarter last year, the company posted $0.06 EPS.

Institutional Investors Weigh In On American Vanguard

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AVD. Strs Ohio acquired a new position in American Vanguard during the first quarter valued at approximately $28,000. PNC Financial Services Group Inc. lifted its position in shares of American Vanguard by 133.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,575 shares of the basic materials company's stock worth $30,000 after purchasing an additional 3,753 shares in the last quarter. CWM LLC raised its position in American Vanguard by 134.7% during the first quarter. CWM LLC now owns 9,425 shares of the basic materials company's stock worth $41,000 after acquiring an additional 5,410 shares in the last quarter. Aigen Investment Management LP bought a new stake in American Vanguard during the first quarter worth $44,000. Finally, Cerity Partners LLC bought a new stake in American Vanguard during the first quarter worth $48,000. Institutional investors and hedge funds own 79.04% of the company's stock.

American Vanguard Company Profile

American Vanguard Corporation, through its subsidiaries, develops, manufactures, and markets specialty chemicals for agricultural, commercial, and consumer uses in the United States and internationally. It manufactures and formulates chemicals, including insecticides, fungicides, herbicides, soil health, plant nutrition, molluscicides, growth regulators, soil fumigants, and biorationals in liquid, powder, and granular forms for crops, turf and ornamental plants, and human and animal health protection.

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