AdvanSix (NYSE:ASIX) Lifted to B- at TheStreet

Posted by Matthew Steigler on Feb 23rd, 2021 // Comments off

TheStreet upgraded shares of AdvanSix (NYSE:ASIX) from a c- rating to a b- rating in a report issued on Friday, TheStreetRatingsTable reports.

Several other research analysts also recently commented on the company. Zacks Investment Research downgraded AdvanSix from a hold rating to a sell rating in a research note on Monday, January 25th. CL King upgraded AdvanSix from a neutral rating to a buy rating in a report on Monday, December 7th.

Shares of NYSE ASIX opened at $29.65 on Friday. The company has a current ratio of 1.22, a quick ratio of 0.53 and a debt-to-equity ratio of 0.74. The company has a market cap of $831.09 million, a price-to-earnings ratio of 47.82 and a beta of 1.84. AdvanSix has a 12 month low of $8.06 and a 12 month high of $30.43. The stock has a 50-day moving average price of $23.50 and a two-hundred day moving average price of $17.67.

AdvanSix (NYSE:ASIX) last issued its earnings results on Thursday, February 18th. The company reported $0.94 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.45. AdvanSix had a return on equity of 4.17% and a net margin of 1.50%. On average, sell-side analysts predict that AdvanSix will post 1.22 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the stock. ETF Managers Group LLC bought a new stake in AdvanSix in the fourth quarter valued at approximately $120,000. BNP Paribas Arbitrage SA lifted its stake in AdvanSix by 324.6% in the third quarter. BNP Paribas Arbitrage SA now owns 7,125 shares of the company’s stock valued at $92,000 after buying an additional 5,447 shares during the period. Citigroup Inc. raised its position in shares of AdvanSix by 112.6% during the fourth quarter. Citigroup Inc. now owns 7,604 shares of the company’s stock worth $152,000 after purchasing an additional 4,027 shares during the period. Schroder Investment Management Group acquired a new position in shares of AdvanSix during the fourth quarter worth approximately $189,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in AdvanSix in the 3rd quarter valued at $144,000. Institutional investors and hedge funds own 82.34% of the company’s stock.

AdvanSix Company Profile

AdvanSix Inc manufactures and sells polymer resins in the United States and internationally. It offers Nylon 6, a polymer resin, which is a synthetic material used to produce engineered plastics, fibers, filaments, and films. The company also provides caprolactam to manufacture polymer resins; ammonium sulfate fertilizers to distributors, farm cooperatives, and retailers; and acetone, which is used by customers in the production of adhesives, paints, coatings, solvents, herbicides, and other engineered plastic resins, as well as other intermediate chemicals, including phenol, alpha-methylstyrene, cyclohexanone, methyl ethyl ketoxime, cyclohexanol, acetaldehyde oxime, 2-pentanone oxime, sulfuric acid, ammonia, and carbon dioxide.

AdvanSix (NYSE:ASIX) Lifted to B- at TheStreet

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