Wall Street Zen Downgrades AdvanSix (NYSE:ASIX) to Hold

AdvanSix (NYSE:ASIX) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Monday.

Several other equities analysts have also recently commented on ASIX. Weiss Ratings restated a “sell (d+)” rating on shares of AdvanSix in a report on Monday, December 29th. Truist Financial increased their price objective on AdvanSix from $19.00 to $20.00 and gave the stock a “hold” rating in a report on Monday, February 23rd. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $29.00.

AdvanSix Price Performance

NYSE ASIX opened at $19.70 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.13 and a quick ratio of 0.52. The firm has a market capitalization of $529.34 million, a price-to-earnings ratio of 10.88 and a beta of 1.66. The company has a 50 day simple moving average of $17.83 and a 200-day simple moving average of $18.22. AdvanSix has a 52-week low of $14.10 and a 52-week high of $26.85.

AdvanSix (NYSE:ASIX) last announced its quarterly earnings data on Friday, February 20th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.09. The firm had revenue of $359.95 million for the quarter, compared to the consensus estimate of $340.85 million. AdvanSix had a net margin of 3.24% and a return on equity of 6.97%. Equities research analysts predict that AdvanSix will post 4 earnings per share for the current fiscal year.

Institutional Trading of AdvanSix

Large investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new position in shares of AdvanSix during the 2nd quarter valued at $29,000. Osaic Holdings Inc. boosted its holdings in AdvanSix by 60.2% in the second quarter. Osaic Holdings Inc. now owns 1,285 shares of the company’s stock worth $31,000 after purchasing an additional 483 shares in the last quarter. Versant Capital Management Inc increased its position in AdvanSix by 185.2% during the third quarter. Versant Capital Management Inc now owns 2,142 shares of the company’s stock worth $42,000 after buying an additional 1,391 shares during the last quarter. CIBC Private Wealth Group LLC increased its position in AdvanSix by 27,537.5% during the third quarter. CIBC Private Wealth Group LLC now owns 2,211 shares of the company’s stock worth $43,000 after buying an additional 2,203 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its holdings in AdvanSix by 90.0% during the fourth quarter. Hantz Financial Services Inc. now owns 2,358 shares of the company’s stock valued at $41,000 after buying an additional 1,117 shares in the last quarter. 86.39% of the stock is owned by institutional investors.

AdvanSix Company Profile

AdvanSix, Inc (NYSE: ASIX) is an integrated chemical manufacturer specializing in the production of nylon 6 intermediates and related co‐products. Established as a publicly traded spin‐off from Honeywell Specialty Chemicals in June 2016, the company is headquartered in Parsippany, New Jersey.

The company’s principal product is caprolactam, the key building block for nylon 6 resin, used in fibers and engineering plastics across industries. In addition to caprolactam and nylon 6 resin, AdvanSix produces ammonium sulfate fertilizer and industrial chemicals such as phenol and acetone.