American Vanguard Corporation (NYSE:AVD) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Wednesday. The brokerage currently has a $25.00 price target on the basic materials company’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 11.36% from the stock’s previous close.

According to Zacks, “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. “

Several other research analysts have also recently commented on AVD. BidaskClub upgraded American Vanguard Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Roth Capital set a $22.00 price target on American Vanguard Corporation and gave the stock a “buy” rating in a research note on Tuesday, August 1st. Finally, Piper Jaffray Companies set a $22.00 price target on American Vanguard Corporation and gave the stock a “hold” rating in a research note on Friday, October 6th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. American Vanguard Corporation currently has a consensus rating of “Buy” and an average target price of $25.00.

American Vanguard Corporation (NYSE:AVD) last issued its quarterly earnings data on Thursday, November 2nd. The basic materials company reported $0.14 EPS for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.03). The company had revenue of $90.00 million for the quarter, compared to analyst estimates of $89.17 million. American Vanguard Corporation had a return on equity of 5.10% and a net margin of 4.56%. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.10 EPS.

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Several large investors have recently added to or reduced their stakes in the stock. Arizona State Retirement System lifted its stake in shares of American Vanguard Corporation by 0.8% in the first quarter. Arizona State Retirement System now owns 13,425 shares of the basic materials company’s stock worth $223,000 after acquiring an additional 100 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its stake in American Vanguard Corporation by 0.3% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 39,515 shares of the basic materials company’s stock valued at $682,000 after buying an additional 100 shares in the last quarter. Prudential Financial Inc. raised its stake in American Vanguard Corporation by 0.3% during the first quarter. Prudential Financial Inc. now owns 43,710 shares of the basic materials company’s stock valued at $726,000 after buying an additional 150 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in American Vanguard Corporation by 1.9% during the second quarter. Louisiana State Employees Retirement System now owns 10,700 shares of the basic materials company’s stock valued at $185,000 after buying an additional 200 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in American Vanguard Corporation by 1.5% during the second quarter. Wells Fargo & Company MN now owns 20,012 shares of the basic materials company’s stock valued at $345,000 after buying an additional 294 shares in the last quarter. Institutional investors and hedge funds own 77.08% of the company’s stock.

About American Vanguard Corporation

American Vanguard Corporation operates as a holding company. The Company conducts its business through its subsidiaries, AMVAC Chemical Corporation (AMVAC), GemChem, Inc (GemChem), 2110 Davie Corporation (DAVIE), Quimica Amvac de Mexico SA 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 C.V.

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