AdvanSix (ASIX) Covered By Yet Another Research Firm

Why Has Stifel Nicolaus Given AdvanSix (ASIX) a $38 Price Target

Stifel Nicolaus initiated its coverage for AdvanSix (ASIX), this morning Tuesday morning. The broker found the stock of ASIX quite attractive and now has a PT of $38 with a key “Buy” rating.

The stock increased 4.38% or $1.11 during the last trading session, reaching $26.43. About 219,504 shares traded or 16.16% up from the average. AdvanSix Inc. (ASIX) has declined 37.23% since December 12, 2017 and is downtrending. It has underperformed by 37.23% the S&P500.

Analysts await AdvanSix Inc. (NYSE:ASIX) to report earnings on February, 22. They expect $0.70 earnings per share, up 16.67 % or $0.10 from last year’s $0.6 per share. ASIX’s profit will be $20.86M for 9.44 P/E if the $0.70 EPS becomes a reality. After $0.18 actual earnings per share reported by AdvanSix Inc. for the previous quarter, Wall Street now forecasts 288.89 % EPS growth.

AdvanSix Inc. manufactures and sells polymer resins in the United States. The company has market cap of $787.69 million. It offers Nylon 6, a polymer resin, which is a synthetic material used to produce engineered plastics, fibers, filaments, and films. It has a 7 P/E ratio. The firm also provides caprolactam, ammonium sulfate fertilizers, and acetone, 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.

More notable recent AdvanSix Inc. (NYSE:ASIX) news were published by: Seekingalpha.com which released: “AdvanSix – Starting 2017 Strong, Add On Dips – Seeking Alpha” on May 12, 2017, also Gurufocus.com with their article: “Honeywell Is Fairly Valued – GuruFocus.com” published on November 01, 2016, Seekingalpha.com published: “Another Reason To Own Honeywell: A Deeper Dive Into The Upcoming Spinoff – Seeking Alpha” on September 12, 2018. More interesting news about AdvanSix Inc. (NYSE:ASIX) were released by: Zacks.com and their article: “Honeywell (HON) Declares Spin-Off Dividend of AdvanSix – Zacks.com” published on September 08, 2016 as well as Zacks.com‘s news article titled: “New Strong Sell Stocks for August 9th – Zacks.com” with publication date: August 09, 2018.

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