Why American Vanguard Corporation (NYSE:AVD) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $16.060 on American Vanguard Corporation (NYSE:AVD) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $0.470 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of American Vanguard Corporation (NYSE:AVD) stands at 40.330.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For American Vanguard Corporation C, the PEG ratio for coming 3-5 years is 1.780.

Technical Analysis

The technical analysis highlights that American Vanguard Corporation C current is trading $-0.002 points away or -0.013% from its 50-day moving average of $16.497. Further it is trading $1.210 or +7.913% away its 200-day moving average of $15.285.

The 52-week high of American Vanguard Corporation (NYSE:AVD) was $17.920 while lowest point recorded in 52-week was $9.630. It implies if stock price makes a movement of over $-1.425, it will record a new 52-week high. In the case of +71.288% drop, it will touch a new 52-week low.

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