AdvanSix (NYSE:ASIX) Stock Price Expected to Rise, Piper Sandler Analyst Says

AdvanSix (NYSE:ASIX) had its target price hoisted by investment analysts at Piper Sandler from $35.00 to $39.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Piper Sandler’s price objective would suggest a potential upside of 25.73% from the company’s previous close.

Separately, StockNews.com raised AdvanSix from a “hold” rating to a “buy” rating in a research note on Monday, August 5th.

AdvanSix Price Performance

NYSE ASIX opened at $31.02 on Friday. AdvanSix has a fifty-two week low of $20.86 and a fifty-two week high of $32.04. The stock’s 50-day moving average is $29.38 and its two-hundred day moving average is $26.68. The firm has a market cap of $829.20 million, a P/E ratio of 22.00 and a beta of 1.69. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.34 and a quick ratio of 0.62.

Insiders Place Their Bets

In other news, insider Christopher Gramm sold 2,435 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $32.00, for a total value of $77,920.00. Following the sale, the insider now directly owns 43,463 shares of the company’s stock, valued at approximately $1,390,816. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Christopher Gramm sold 2,435 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $32.00, for a total value of $77,920.00. Following the completion of the sale, the insider now directly owns 43,463 shares of the company’s stock, valued at approximately $1,390,816. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Erin N. Kane sold 5,000 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $30.37, for a total transaction of $151,850.00. Following the completion of the sale, the chief executive officer now owns 517,795 shares in the company, valued at approximately $15,725,434.15. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,418 shares of company stock valued at $411,626 in the last quarter. Insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ASIX. SummerHaven Investment Management LLC lifted its stake in shares of AdvanSix by 3.4% in the second quarter. SummerHaven Investment Management LLC now owns 20,404 shares of the company’s stock valued at $468,000 after buying an additional 672 shares during the period. Meritage Portfolio Management raised its holdings in AdvanSix by 9.1% in the 3rd quarter. Meritage Portfolio Management now owns 10,429 shares of the company’s stock valued at $317,000 after acquiring an additional 871 shares in the last quarter. Copeland Capital Management LLC bought a new stake in shares of AdvanSix in the 3rd quarter worth approximately $41,000. Point72 DIFC Ltd acquired a new stake in shares of AdvanSix during the 2nd quarter worth approximately $34,000. Finally, Acadian Asset Management LLC bought a new stake in shares of AdvanSix during the second quarter valued at approximately $36,000. Institutional investors own 86.39% of the company’s stock.

AdvanSix Company Profile

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