Rating Change: PiperJaffray Gives American Vanguard Corporation (NYSE:AVD) Higher Rating. What Is Next?

November 28, 2016 - By Dolores Ford

Rating Change:  PiperJaffray Gives American Vanguard Corporation (NYSE:AVD) Higher Rating. What Is Next?

American Vanguard Corporation (NYSE:AVD) Upgrade

In an analyst report revealed to investors and clients on Monday, 28 November, PiperJaffray has boosted American Vanguard Corporation (NYSE:AVD) stock to a “Neutral”. AVD’s old rating was “Underweight”.

American Vanguard Corp. (NYSE:AVD) Ratings Coverage

Out of 3 analysts covering American Vanguard Corp. (NYSE:AVD), 0 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 0 are positive. $19 is the highest target while $10 is the lowest. The $12.25 average target is -32.69% below today’s ($18.2) stock price. American Vanguard Corp. has been the topic of 6 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Friday, March 11 by Roth Capital. The firm earned “Neutral” rating on Tuesday, November 3 by Piper Jaffray. As per Wednesday, May 4, the company rating was downgraded by Roth Capital. Piper Jaffray downgraded the shares of AVD in a report on Monday, January 4 to “Underweight” rating. On Wednesday, August 5 the stock rating was downgraded by Zacks to “Hold”. The stock of American Vanguard Corp. (NYSE:AVD) earned “Hold” rating by BB&T Capital on Wednesday, July 13.

About 89,035 shares traded hands. American Vanguard Corp. (NYSE:AVD) has risen 10.80% since April 25, 2016 and is uptrending. It has outperformed by 4.78% the S&P500.

Analysts await American Vanguard Corp. (NYSE:AVD) to report earnings on March, 7. They expect $0.17 EPS, up 70.00% or $0.07 from last year’s $0.1 per share. AVD’s profit will be $5.08 million for 26.76 P/E if the $0.17 EPS becomes a reality. After $0.10 actual EPS reported by American Vanguard Corp. for the previous quarter, Wall Street now forecasts 70.00% EPS growth.

Insitutional Activity: The institutional sentiment increased to 1.4 in 2016 Q2. Its up 0.70, from 0.7 in 2016Q1. The ratio increased, as 19 funds sold all American Vanguard Corp. shares owned while 44 reduced positions. 12 funds bought stakes while 32 increased positions. They now own 21.56 million shares or 3.36% less from 22.31 million shares in 2016Q1.

Millennium Management Ltd Co last reported 0% of its portfolio in the stock. Lapides Asset Limited Liability Corporation has 374,900 shares for 1.05% of their US portfolio. Ls Inv Advsr Limited Liability last reported 838 shares in the company. Tru Communications Of Virginia Va holds 202,284 shares or 0.53% of its portfolio. Bridgeway Capital Inc holds 0.05% of its portfolio in American Vanguard Corp. (NYSE:AVD) for 216,800 shares. Dimensional Fund Advsr Lp accumulated 2.10M shares or 0.02% of the stock. Globeflex Capital Limited Partnership reported 71,706 shares or 0.3% of all its holdings. Metropolitan Life Ins New York has invested 0% of its portfolio in American Vanguard Corp. (NYSE:AVD). The Louisiana-based Louisiana State Employees Retirement Sys has invested 0.01% in American Vanguard Corp. (NYSE:AVD). Credit Suisse Ag, a Switzerland-based fund reported 1.15M shares. Invesco Ltd accumulated 0% or 76,881 shares. The Connecticut-based Hartford Invest has invested 0% in American Vanguard Corp. (NYSE:AVD). Ladenburg Thalmann Svcs owns 125 shares or 0% of their US portfolio. Moreover, Glenmede Na has 0% invested in American Vanguard Corp. (NYSE:AVD) for 101 shares. Cap Financial Advisers Ltd Liability Company holds 12,710 shares or 0% of its portfolio.

Insider Transactions: Since August 16, 2016, the stock had 1 insider buy, and 2 insider sales for $76,150 net activity. 5,000 American Vanguard Corp. (NYSE:AVD) shares with value of $86,700 were sold by Rizzi John. Shares for $79,550 were bought by Trogele Ulrich on Friday, September 9. Hendrix Scott sold $69,000 worth of stock or 4,000 shares.

American Vanguard Corporation operates as a holding company. The company has a market cap of $543.59 million. The Firm conducts its business through its subsidiaries, AMVAC Chemical Corporation (AMVAC), GemChem, Inc. (GemChem), 2110 Davie Corporation (DAVIE), Quimica Amvac de Mexico S.A. de C.V. (AMVAC M), AMVAC Mexico Sociedad de Responsabilidad Limitada (AMVAC M Srl), AMVAC de Costa Rica Sociedad de Responsabilidad Limitada (AMVAC CR Srl), AMVAC Switzerland GmbH (AMVAC S), AMVAC do Brasil Representacoes Ltda (AMVAC B), AMVAC CV (AMVAC CV), AMVAC Netherlands BV (AMVAC BV) and Envance Technologies, LLC (Envance). It has a 44.91 P/E ratio. The Company, through AMVAC, develops and markets products for agricultural, commercial and consumer uses.

According to Zacks Investment Research, “AMERICAN VANGUARD CORP. is a holding company, which through its subsidiaries, is engaged in the manufacturer and formulation of chemicals for crops, human and animal health protection. These chemicals which include insecticides, fungicides, molluscicides, growth regulatorsain, and soil fumigants, are marketed in liquid, powder, and granular forms.”

AVD Company Profile

American Vanguard Corporation (AVD), incorporated on January 2, 1969, operates as a holding company. The Firm conducts its business through its subsidiaries, AMVAC Chemical Corporation (AMVAC), GemChem, Inc. (GemChem), 2110 Davie Corporation (DAVIE), Quimica Amvac de Mexico S.A. de C.V. (AMVAC M), AMVAC Mexico Sociedad de Responsabilidad Limitada (AMVAC M Srl), AMVAC de Costa Rica Sociedad de Responsabilidad Limitada (AMVAC CR Srl), AMVAC Switzerland GmbH (AMVAC S), AMVAC do Brasil Representacoes Ltda (AMVAC B), AMVAC CV (AMVAC CV), AMVAC Netherlands BV (AMVAC BV) and Envance Technologies, LLC (Envance). The Company, through AMVAC, develops and markets products for agricultural, commercial and consumer uses. The Firm makes and formulates chemicals for crops, turf and ornamental plants, and human and animal health protection. These chemicals, which include insecticides, fungicides, herbicides, molluscicides, growth regulators and soil fumigants, are marketed in liquid, powder and granular forms.

Another recent and important American Vanguard Corp. (NYSE:AVD) news was published by Thestreet.com which published an article titled: “Commit To Purchase American Vanguard Corp. At $12.50, Earn 11.2% Annualized …” on November 04, 2016.

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