Last Updated: 14 Sep 2024
Executive Summary
AdvanSix Inc. (ASIX) is a leading manufacturer of polymer resins with a market capitalization of $715.9 million. The company has shown strong financial performance in recent quarters, with revenue and earnings growth. The stock is currently trading at $27.44, below its 52-week high of $31.19. Analysts have a bullish outlook on the stock, with a consensus target price of $35.5.
Company Overview
AdvanSix Inc. is a specialty chemicals company that manufactures and sells polymer resins used in a variety of applications, including automotive, construction, and packaging. The company has a global presence with operations in North America, Europe, and Asia.
Fundamental Analysis
AdvanSix Inc. has reported strong financial results in recent quarters. In the latest quarter, the company reported revenue of $1.495 billion, up 6% year-over-year. Net income was $91.87 million, up 23.3% year-over-year. The company's gross margin was 21.0%, up from 19.7% in the same quarter last year.
AdvanSix Inc. has a strong balance sheet with $279.5 million in cash and equivalents and $1.1 billion in debt. The company's debt-to-equity ratio is 0.48, which is below the industry average.
Technical Analysis
The technical analysis of AdvanSix Inc. stock shows that the stock is in a bullish trend. The stock is trading above its 50-day and 200-day moving averages. The relative strength index (RSI) is also in bullish territory, indicating that the stock is not overbought.
Short Term Outlook
The short-term outlook for AdvanSix Inc. stock is positive. The stock is trading in a bullish trend and is supported by strong fundamentals. The company is expected to continue to benefit from strong demand for its products.
Long Term Outlook
The long-term outlook for AdvanSix Inc. stock is also positive. The company is well-positioned to benefit from the growing demand for polymer resins. The company's strong balance sheet and experienced management team should allow it to continue to grow in the future.
Analyst Recommendations
Analysts have a bullish outlook on AdvanSix Inc. stock. The consensus target price is $35.5, which represents a potential upside of 29.4% from the current price. Two analysts have a buy rating on the stock, while none have a sell rating.
