Lake Street Capital Has Lowered Expectations for American Vanguard (NYSE:AVD) Stock Price

American Vanguard (NYSE:AVD) had its price objective cut by research analysts at Lake Street Capital from $14.00 to $12.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the basic materials company’s stock. Lake Street Capital’s target price suggests a potential upside of 159.46% from the stock’s previous close.

Separately, Wall Street Zen cut American Vanguard from a “hold” rating to a “sell” rating in a research report on Saturday.

American Vanguard Trading Down 6.4%

Shares of AVD traded down $0.32 during trading hours on Monday, reaching $4.63. 112,221 shares of the company traded hands, compared to its average volume of 267,905. The stock’s fifty day moving average price is $4.18 and its 200 day moving average price is $4.80. The company has a current ratio of 1.89, a quick ratio of 0.79 and a debt-to-equity ratio of 0.55. The firm has a market cap of $130.55 million, a price-to-earnings ratio of -4.49 and a beta of 1.28. American Vanguard has a 12-month low of $3.28 and a 12-month high of $9.84.

American Vanguard (NYSE:AVD) last issued its quarterly earnings results on Friday, June 6th. The basic materials company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.21). The business had revenue of $127.00 million for the quarter, compared to analysts’ expectations of $127.00 million. American Vanguard had a negative return on equity of 3.45% and a negative net margin of 5.22%. During the same quarter in the previous year, the firm posted $0.06 EPS.

Institutional Investors Weigh In On American Vanguard

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AVD. Wellington Management Group LLP raised its holdings in shares of American Vanguard by 2.9% in the 1st quarter. Wellington Management Group LLP now owns 1,541,255 shares of the basic materials company’s stock worth $6,782,000 after purchasing an additional 43,194 shares in the last quarter. Cove Street Capital LLC grew its position in American Vanguard by 35.0% during the 1st quarter. Cove Street Capital LLC now owns 1,119,539 shares of the basic materials company’s stock worth $4,926,000 after acquiring an additional 290,246 shares during the last quarter. D. E. Shaw & Co. Inc. grew its holdings in American Vanguard by 9.8% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 990,238 shares of the basic materials company’s stock worth $4,585,000 after acquiring an additional 88,070 shares during the last quarter. Topline Capital Management LLC bought a new stake in shares of American Vanguard during the fourth quarter valued at approximately $3,758,000. Finally, Geode Capital Management LLC raised its position in shares of American Vanguard by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 595,771 shares of the basic materials company’s stock worth $2,759,000 after acquiring an additional 13,798 shares during the last quarter. Hedge funds and other institutional investors own 79.04% of the company’s stock.

American Vanguard Company Profile

American Vanguard Corporation, through its subsidiaries, develops, manufactures, and markets specialty chemicals for agricultural, commercial, and consumer uses in the United States and internationally. It manufactures and formulates chemicals, including insecticides, fungicides, herbicides, soil health, plant nutrition, molluscicides, growth regulators, soil fumigants, and biorationals in liquid, powder, and granular forms for crops, turf and ornamental plants, and human and animal health protection.