Market Overview

UPDATE: Piper Jaffray Raises PT on American Vanguard Following Midwest Farm Tour

Related AVD
American Vanguard Closes Crop Protection Assets Buy
18 Biggest Mid-Day Gainers For Wednesday
American Vanguard declares $0.015 dividend (Seeking Alpha)

In a report published Monday, Piper Jaffray analyst Michael E. Cox reiterated an Overweight rating on American Vanguard Corp. (NYSE: AVD), and slightly raised the price target from $36.00 to $37.00.

In the report, Cox noted, “We are increasing our estimates and raising our price target on AVD following our discussions with farmers and crop chemical dealers in Iowa and Minnesota late last week. Resistance issues are very topical with growers this season, and in spite of the shortened field prep window due to wet spring weather, farmers appear to be sticking to original planting and crop chemical application plans. For 2Q, we see AVD's corn herbicide product potentially driving upside to estimates; dealers in our tour last week mentioned that Impact sales are up significantly, some seeing a 3x increase y/y, due to the co-marketing agreement with Monsanto and the incentive AVD offers farmers to use both chemicals.”

American Vanguard Corp. closed on Friday at $30.63.

Latest Ratings for AVD

Jan 2017Roth CapitalUpgradesNeutralBuy
Nov 2016PiperJaffrayUpgradesUnderweightNeutral
Aug 2016SunTrust Robinson HumphreyUpgradesNeutralBuy

View More Analyst Ratings for AVD
View the Latest Analyst Ratings

Posted-In: Piper JaffrayAnalyst Color Price Target Analyst Ratings


Related Articles (AVD)

View Comments and Join the Discussion!

Partner Center