AdvanSix (NYSE:ASIX) Upgraded by TheStreet to “B-“

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

Other analysts have also issued research reports about the company. Zacks Investment Research lowered AdvanSix from a hold rating to a sell rating in a report on Monday, January 25th. CL King upgraded AdvanSix from a neutral rating to a buy rating in a research note on Monday, December 7th.

Shares of ASIX opened at $29.65 on Friday. AdvanSix has a 12 month low of $8.06 and a 12 month high of $30.43. The stock has a fifty day moving average price of $23.50 and a 200-day moving average price of $17.67. 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 firm has a market cap of $831.09 million, a PE ratio of 47.82 and a beta of 1.84.

AdvanSix (NYSE:ASIX) last issued its quarterly earnings data on Thursday, February 18th. The company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.49 by $0.45. AdvanSix had a return on equity of 4.17% and a net margin of 1.50%. As a group, research analysts forecast that AdvanSix will post 1.22 EPS for the current year.

A number of hedge funds have recently modified their holdings of the stock. Hancock Whitney Corp raised its stake in AdvanSix by 4.6% in the 4th quarter. Hancock Whitney Corp now owns 12,034 shares of the company’s stock worth $240,000 after acquiring an additional 534 shares during the last quarter. California Public Employees Retirement System raised its stake in shares of AdvanSix by 2.8% during the 3rd quarter. California Public Employees Retirement System now owns 62,374 shares of the company’s stock valued at $803,000 after buying an additional 1,700 shares during the last quarter. Aperio Group LLC raised its stake in shares of AdvanSix by 23.5% during the 3rd quarter. Aperio Group LLC now owns 16,069 shares of the company’s stock valued at $207,000 after buying an additional 3,057 shares during the last quarter. Citigroup Inc. raised its stake in shares of AdvanSix by 112.6% during the 4th quarter. Citigroup Inc. now owns 7,604 shares of the company’s stock valued at $152,000 after buying an additional 4,027 shares during the last quarter. Finally, New York State Common Retirement Fund raised its stake in shares of AdvanSix by 8.2% during the 4th quarter. New York State Common Retirement Fund now owns 53,800 shares of the company’s stock valued at $1,075,000 after buying an additional 4,100 shares during the last quarter. Institutional investors own 82.34% of the company’s stock.

About AdvanSix

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.

Featured Story: How interest rates affect municipal bond prices

Receive News & Ratings for AdvanSix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AdvanSix and related companies with MarketBeat.com's FREE daily email newsletter.