AdvanSix (ASIX) Stock Price, News & Analysis

Company Overview

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. It offers its products under the Aegis, Capran, Sulf-N, Nadone, Naxol, and EZ-Blox brands. The company sells its products directly, as well as through distributors. AdvanSix Inc. was incorporated in 2016 and is headquartered in Parsippany, New Jersey.

Key Stats

• Today's Range: $27.76 to $28.72
• 50-Day Range: $28.05 to $32.87
• 52-Week Range: $20.86 to $33.00
• Volume: 552,193 shs
• Average Volume: 141,602 shs
• Market Capitalization: $749.80 million
• P/E Ratio: 19.89
• Dividend Yield: 2.28%
• Price Target: $39.50
• Consensus Rating: Buy

AdvanSix Stock Analysis - MarketRank™

AdvanSix scored higher than 93% of companies evaluated by MarketBeat, and ranked 31st out of 193 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

AdvanSix has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

AdvanSix has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 202.33%

Earnings Growth

Earnings for AdvanSix are expected to grow by 202.33% in the coming year, from $1.29 to $3.90 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of AdvanSix is 19.89, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.17.

Price to Earnings Ratio vs. Sector

The P/E ratio of AdvanSix is 19.89, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 112.24.

Price to Book Value per Share Ratio

AdvanSix has a P/B Ratio of 1.02. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.28% of the float of AdvanSix has been sold short.

Short Interest Ratio / Days to Cover

AdvanSix has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in AdvanSix has recently increased by 9.88%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

AdvanSix pays a meaningful dividend of 2.23%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

AdvanSix does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of AdvanSix is 45.39%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, AdvanSix will have a dividend payout ratio of 16.41% next year. This indicates that AdvanSix will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.28% of the float of AdvanSix has been sold short.

Short Interest Ratio / Days to Cover

AdvanSix has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in AdvanSix has recently increased by 9.88%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.4 / 5
• News Sentiment: 1.08

News Sentiment

AdvanSix has a news sentiment score of 1.08. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.48 average news sentiment score of Basic Materials companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for AdvanSix this week, compared to 3 articles on an average week.

Search Interest

7 people have searched for ASIX on MarketBeat in the last 30 days. This is an increase of 75% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, AdvanSix insiders have sold 217.97% more of their company's stock than they have bought. Specifically, they have bought $149,089.00 in company stock and sold $474,058.00 in company stock.

Percentage Held by Insiders

Only 5.60% of the stock of AdvanSix is held by insiders.

Percentage Held by Institutions

86.39% of the stock of AdvanSix is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

ASIX Stock Analysis - Frequently Asked Questions

How have ASIX shares performed this year?

AdvanSix's stock was trading at $29.96 on January 1st, 2024. Since then, ASIX shares have decreased by 6.4% and is now trading at $28.05.
View the best growth stocks for 2024 here.

How were AdvanSix's earnings last quarter?

AdvanSix Inc. (NYSE:ASIX) posted its quarterly earnings results on Friday, August, 2nd. The company reported $1.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.13 by $0.35. The business had revenue of $453.48 million for the quarter, compared to analysts' expectations of $426.80 million. AdvanSix had a net margin of 2.46% and a trailing twelve-month return on equity of 5.59%.

Who are AdvanSix's major shareholders?

Top institutional shareholders of AdvanSix include Victory Capital Management Inc. (9.25%), State Street Corp (3.86%), Geode Capital Management LLC (2.24%) and FMR LLC (2.12%). Insiders that own company stock include Erin N Kane, Christopher Gramm and Achilles B Kintiroglou.
View institutional ownership trends.

How do I buy shares of AdvanSix?

Shares of ASIX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of AdvanSix own?

Based on aggregate information from My MarketBeat watchlists, some other companies that AdvanSix investors own include Chevron (CVX), Bristol-Myers Squibb (BMY), Comcast (CMCSA), Charles Schwab (SCHW), McKesson (MCK), Edwards Lifesciences (EW) and Toronto-Dominion Bank (TD).

Company Calendar

• Last Earnings: 8/02/2024
• Ex-Dividend for 11/26 Dividend: 11/12/2024
• Dividend Payable: 11/26/2024
• Today: 12/22/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Basic Materials
• Industry: Plastics materials & resins
• Sub-Industry: Chemicals
• Current Symbol: NYSE:ASIX
• Previous Symbol: NASDAQ:ASIX
• CUSIP: N/A
• CIK: 1673985
• Web: www.advansix.com
• Phone: (844) 890-8949
• Fax: N/A
• Employees: 1,450
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $39.50
• High Stock Price Target: $40.00
• Low Stock Price Target: $39.00
• Potential Upside/Downside: +40.8%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.41
• Trailing P/E Ratio: 19.89
• Forward P/E Ratio: 21.74
• P/E Growth: N/A
• Net Income: $54.62 million
• Net Margins: 2.46%
• Pretax Margin: 3.19%
• Return on Equity: 5.59%
• Return on Assets: 2.78%

Debt

• Debt-to-Equity Ratio: 0.28
• Current Ratio: 1.34
• Quick Ratio: 0.62

Sales & Book Value

• Annual Sales: $1.57 billion
• Price / Sales: 0.48
• Cash Flow: $4.17 per share
• Price / Cash Flow: 6.73
• Book Value: $27.43 per share
• Price / Book: 1.02

Miscellaneous

• Outstanding Shares: 26,731,000
• Free Float: 25,234,000
• Market Cap: $749.80 million
• Optionable: Optionable
• Beta: 1.73