Loop Capital Markets analyst Chris Kapsch maintained a Buy rating on American Vanguard (AVD – Research Report) today and set a price target of $19.00. The company’s shares closed last Friday at $8.99.
According to TipRanks, Kapsch is a 4-star analyst with an average return of 7.3% and a 56.19% success rate. Kapsch covers the Basic Materials sector, focusing on stocks such as Albemarle, Compass Minerals International, and Entegris.
Currently, the analyst consensus on American Vanguard is a Moderate Buy with an average price target of $19.00.
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Based on American Vanguard’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $132.79 million and a GAAP net loss of $1.05 million. In comparison, last year the company earned a revenue of $148.2 million and had a net profit of $6.83 million
Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is neutral on the stock.
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American Vanguard (AVD) Company Description:
American Vanguard Corp. is a holding company, which engages in the development and marketing of specialty and agricultural products for crop protection and management, turf and ornamentals management, and public and animal health. It also acquires and licenses both new and well-established product lines that serve numerous market niches. The Company was founded by Herbert A. Kraft and Glenn A. Wintemute in January 1969 and is headquartered in Newport Beach, CA.
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