American Vanguard (NYSE:AVD) Stock Rating Upgraded by Wall Street Zen

Key Points

• American Vanguard has been upgraded from a "hold" rating to a "buy" rating by analysts at Wall Street Zen.
• Lake Street Capital has reduced its price target on American Vanguard from $14.00 to $12.00 while maintaining a "buy" rating on the stock.
• The company reported quarterly earnings with $129.31 million in revenue, surpassing expectations, despite a negative return on equity of 25.41%.

American Vanguard (NYSE:AVD - Get Free Report) was upgraded by analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Saturday.

Separately, Lake Street Capital cut their price target on American Vanguard from $14.00 to $12.00 and set a "buy" rating on the stock in a research note on Monday, June 9th.

American Vanguard Price Performance

AVD opened at $4.23 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.77 and a quick ratio of 0.91. The stock has a market capitalization of $119.41 million, a P/E ratio of -0.95 and a beta of 1.23. The company's 50 day simple moving average is $4.04 and its 200-day simple moving average is $4.47. American Vanguard has a one year low of $3.28 and a one year high of $8.91.

American Vanguard (NYSE:AVD - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.08. The firm had revenue of $129.31 million for the quarter, compared to the consensus estimate of $130.00 million. American Vanguard had a negative return on equity of 25.41% and a negative net margin of 23.72%.

Hedge Funds Weigh In On American Vanguard

Several large investors have recently bought and sold shares of AVD. Pullen Investment Management LLC grew its holdings in American Vanguard by 31.8% during the 2nd quarter. Pullen Investment Management LLC now owns 320,489 shares of the basic materials company's stock worth $1,256,000 after acquiring an additional 77,346 shares during the period. CWM LLC boosted its position in shares of American Vanguard by 46.8% in the 2nd quarter. CWM LLC now owns 13,838 shares of the basic materials company's stock worth $54,000 after purchasing an additional 4,413 shares during the last quarter. Williams & Novak LLC grew its stake in shares of American Vanguard by 40.6% during the second quarter. Williams & Novak LLC now owns 15,605 shares of the basic materials company's stock worth $61,000 after purchasing an additional 4,505 shares during the period. SummerHaven Investment Management LLC grew its stake in shares of American Vanguard by 3.8% during the second quarter. SummerHaven Investment Management LLC now owns 98,358 shares of the basic materials company's stock worth $386,000 after purchasing an additional 3,640 shares during the period. Finally, Strs Ohio bought a new stake in American Vanguard in the first quarter valued at about $28,000. 79.04% of the stock is currently owned by institutional investors and hedge funds.

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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