AdvanSix - ASIX Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for AdvanSix in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ASIX shares.
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1 Wall Street analysts have issued 1 year price targets for AdvanSix's stock. Their ASIX share price forecasts range from $52.00 to $76.00. On average, they expect the company's share price to reach $64.00 in the next twelve months. This suggests a possible upside of 56.6% from the stock's current price.
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AdvanSix's stock was trading at $47.25 at the beginning of 2022. Since then, ASIX shares have decreased by 13.5% and is now trading at $40.88.
View the best growth stocks for 2022 here.

AdvanSix saw a decrease in short interest in the month of October. As of October 15th, there was short interest totaling 341,400 shares, a decrease of 13.1% from the September 30th total of 392,700 shares. Based on an average trading volume of 153,000 shares, the short-interest ratio is currently 2.2 days. Approximately 1.3% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Friday, February 17th 2023.
View our ASIX earnings forecast.

AdvanSix Inc. (NYSE:ASIX) released its quarterly earnings results on Friday, November, 4th. The company reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.15. The business earned $478.77 million during the quarter, compared to the consensus estimate of $463.47 million. AdvanSix had a net margin of 8.23% and a trailing twelve-month return on equity of 24.18%.

AdvanSix announced a quarterly dividend on Friday, November 4th. Shareholders of record on Tuesday, November 15th will be paid a dividend of $0.145 per share on Tuesday, November 29th. This represents a $0.58 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date is Monday, November 14th.
Read our dividend analysis for ASIX.

AdvanSix (NYSE:ASIX) pays an annual dividend of $0.58 per share and currently has a dividend yield of 1.42%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 10.49%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ASIX will have a dividend payout ratio of 9.18% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ASIX.

Based on aggregate information from My MarketBeat watchlists, some companies that other AdvanSix investors own include Alibaba Group (BABA), Procter & Gamble (PG), Home Depot (HD), Raytheon Technologies (RTX), Thermo Fisher Scientific (TMO), CVS Health (CVS), Johnson & Johnson (JNJ), NVIDIA (NVDA) and Cisco Systems (CSCO).

AdvanSix trades on the New York Stock Exchange (NYSE) under the ticker symbol "ASIX."

AdvanSix's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (17.08%), Vanguard Group Inc. (8.75%), Dimensional Fund Advisors LP (5.47%), State Street Corp (3.52%), Alliancebernstein L.P. (3.51%) and LSV Asset Management (2.30%). Insiders that own company stock include Christopher Gramm, Erin N Kane, Michael Marberry, Sharon Spurlin and Willem L Blindenbach.
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Shares of ASIX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ASIX stock can currently be purchased for approximately $40.88.

AdvanSix (NYSE:ASIX) has a market capitalization of $1.13 billion and generates $1.68 billion in revenue each year. The company earns $139.79 million in net income (profit) each year or $5.53 on an earnings per share basis.

The company employs 1,375 workers across the globe.

AdvanSix's mailing address is 300 KIMBALL DRIVE SUITE 101, PARSIPPANY NJ, 07054. The official website for the company is www.advansix.com. The company can be reached via phone at (844) 890-8949 or via email at investorrelations@advansix.com.