Lake Street Capital Cuts American Vanguard (NYSE:AVD) Price Target to $12.00

American Vanguard (NYSE:AVD - Free Report) had its target price trimmed by Lake Street Capital from $14.00 to $12.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a buy rating on the basic materials company's stock.

Separately, Wall Street Zen downgraded shares of American Vanguard from a "hold" rating to a "sell" rating in a report on Saturday, June 7th.

American Vanguard Stock Performance

Shares of AVD stock traded down $0.09 during trading hours on Monday, hitting $4.52. The company's stock had a trading volume of 131,366 shares, compared to its average volume of 268,716. The stock has a market cap of $127.59 million, a PE ratio of -4.39 and a beta of 1.28. American Vanguard has a 12-month low of $3.28 and a 12-month high of $9.84. The company has a 50 day moving average of $4.22 and a 200 day moving average of $4.78. The company has a current ratio of 1.89, a quick ratio of 0.79 and a debt-to-equity ratio of 0.55.

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

Hedge Funds Weigh In On American Vanguard

A number of large investors have recently bought and sold shares of AVD. Strs Ohio acquired a new position in American Vanguard during the first quarter worth $28,000. PNC Financial Services Group Inc. lifted its stake in American Vanguard by 133.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 6,575 shares of the basic materials company's stock valued at $30,000 after buying an additional 3,753 shares in the last quarter. CWM LLC boosted its holdings in American Vanguard by 134.7% in the 1st quarter. CWM LLC now owns 9,425 shares of the basic materials company's stock worth $41,000 after buying an additional 5,410 shares during the last quarter. Aigen Investment Management LP purchased a new stake in American Vanguard during the 1st quarter worth approximately $44,000. Finally, Cerity Partners LLC purchased a new position in shares of American Vanguard in the first quarter valued at approximately $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.