Rating Worth Mentioning: Is American Vanguard (NYSE:AVD) a Buy? How Analyst Rate it? Why Piper Jaffray Upgraded The Stock

November 28, 2016 - By Clifton Ray

Rating Worth Mentioning:  Is American Vanguard (NYSE:AVD) a Buy? How Analyst Rate it? Why Piper Jaffray Upgraded The Stock

American Vanguard (NYSE:AVD) Upgrade

Piper Jaffray gave American Vanguard (NYSE:AVD) shares a new Neutral rating in a a report issued to clients and investors on Monday morning. This is increase from the previous Underweight rating.

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 -31.94% below today’s ($18) stock price. American Vanguard Corp. has been the topic of 6 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating by Piper Jaffray given on Tuesday, November 3. The firm earned “Buy” rating on Friday, March 11 by Roth Capital. BB&T Capital downgraded American Vanguard Corp. (NYSE:AVD) on Wednesday, July 13 to “Hold” rating. The rating was downgraded by Roth Capital to “Neutral” on Wednesday, May 4. The stock has “Underweight” rating given by Piper Jaffray on Monday, January 4. As per Wednesday, August 5, the company rating was downgraded by Zacks.

About 51,519 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 earnings per share, up 70.00% or $0.07 from last year’s $0.1 per share. AVD’s profit will be $5.08 million for 26.47 P/E if the $0.17 EPS becomes a reality. After $0.10 actual earnings per share 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 Q2 2016. Its up 0.70, from 0.7 in 2016Q1. The ratio improved, 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.

Creative Planning last reported 4,600 shares in the company. Ladenburg Thalmann last reported 125 shares in the company. Renaissance Techs Lc last reported 266,700 shares in the company. Bnp Paribas Arbitrage has 0% invested in the company for 8,018 shares. Savings Bank Of Ny Mellon accumulated 426,407 shares or 0% of the stock. The Kentucky-based Teachers Retirement System Of The State Of Kentucky has invested 0% in American Vanguard Corp. (NYSE:AVD). Allianz Asset Mgmt Ag holds 0% of its portfolio in American Vanguard Corp. (NYSE:AVD) for 257,898 shares. Lapides Asset Management Ltd Liability Corporation has 1.05% invested in the company for 374,900 shares. California State Teachers Retirement Sys accumulated 59,190 shares or 0% of the stock. Ameriprise Fincl holds 0% or 123,370 shares in its portfolio. Paradigm Asset Mngmt Co, a New York-based fund reported 1,900 shares. Heartland Advsrs has 583,688 shares for 0.5% of their US portfolio. California Employees Retirement System owns 96,800 shares or 0% of their US portfolio. Swiss Bancorp has 47,051 shares for 0% of their US portfolio. Gotham Asset Limited Co reported 12,564 shares or 0% of all its holdings.

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

American Vanguard Corporation operates as a holding company. The company has a market cap of $537.62 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 44.42 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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