AdvanSix (NYSE:ASIX) Earns Hold Rating from Analysts at Truist Financial

Research analysts at Truist Financial assumed coverage on shares of AdvanSix (NYSE:ASIX - Get Free Report) in a research report issued to clients and investors on Thursday, Marketbeat reports. The firm set a "hold" rating and a $19.00 price target on the stock. Truist Financial's price target would suggest a potential upside of 3.18% from the company's current price.Separately, Weiss Ratings reaffirmed a "sell (d+)" rating on shares of AdvanSix in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $28.67.Get Our Latest Report on AdvanSixAdvanSix Price PerformanceNYSE ASIX opened at $18.41 on Thursday. The company has a quick ratio of 0.74, a current ratio of 1.36 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $494.67 million, a PE ratio of 9.59 and a beta of 1.71. AdvanSix has a 12-month low of $14.10 and a 12-month high of $32.58. The company has a 50 day moving average price of $16.37 and a two-hundred day moving average price of $19.19. AdvanSix (NYSE:ASIX - Get Free Report) last announced its quarterly earnings results on Friday, November 7th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.32). The business had revenue of $374.47 million for the quarter, compared to analyst estimates of $365.00 million. AdvanSix had a return on equity of 7.14% and a net margin of 3.52%. As a group, equities analysts predict that AdvanSix will post 4 earnings per share for the current fiscal year. Institutional Trading of AdvanSixSeveral hedge funds have recently added to or reduced their stakes in ASIX. Murphy Middleton Hinkle & Parker Inc. acquired a new stake in AdvanSix in the 4th quarter valued at approximately $702,000. SG Americas Securities LLC grew its stake in shares of AdvanSix by 1,145.9% in the fourth quarter. SG Americas Securities LLC now owns 67,812 shares of the company's stock worth $1,173,000 after acquiring an additional 62,369 shares during the last quarter. JPMorgan Chase & Co. increased its position in AdvanSix by 6.4% during the third quarter. JPMorgan Chase & Co. now owns 72,116 shares of the company's stock worth $1,398,000 after acquiring an additional 4,367 shares during the period. CIBC Private Wealth Group LLC raised its stake in AdvanSix by 27,537.5% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 2,211 shares of the company's stock valued at $43,000 after purchasing an additional 2,203 shares during the last quarter. Finally, Verition Fund Management LLC boosted its holdings in AdvanSix by 186.5% in the 3rd quarter. Verition Fund Management LLC now owns 31,031 shares of the company's stock valued at $601,000 after purchasing an additional 20,199 shares during the period. Institutional investors own 86.39% of the company's stock. About AdvanSix (Get Free Report)AdvanSix, Inc NYSE: ASIX is an integrated chemical manufacturer specializing in the production of nylon 6 intermediates and related co‐products. Established as a publicly traded spin‐off from Honeywell Specialty Chemicals in June 2016, the company is headquartered in Parsippany, New Jersey. The company’s principal product is caprolactam, the key building block for nylon 6 resin, used in fibers and engineering plastics across industries. In addition to caprolactam and nylon 6 resin, AdvanSix produces ammonium sulfate fertilizer and industrial chemicals such as phenol and acetone.Featured ArticlesFive stocks we like better than AdvanSixElon Taking SpaceX Public! $100 Pre-IPO Opportunity!How a Family Trust May Be Able To Help Preserve Your WealthA U.S. “birthright” claim worth trillions - activated quietlyExecutive Order 14330: Trump’s Biggest YetFirst Time Since 2007: All Warnings ActiveThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in AdvanSix Right Now?Before you consider AdvanSix, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AdvanSix wasn't on the list.While AdvanSix currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here