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Investing.com - Freedom Capital Markets initiated coverage on AdvanSix (NYSE:ASIX) with a Buy rating and a price target of $28.00 on Tuesday. According to InvestingPro analysis, the stock appears undervalued at its current price of $21.01, with a P/E ratio of 7.3x and Price/Book of 0.69x.
The firm identified AdvanSix as one of the world’s largest producers of nylon 6 resin, which is used in fibers, engineering plastics, and films manufacturing.
Freedom Capital Markets noted that AdvanSix also produces various co-products and byproducts that result from the main nylon 6 production process.
The research firm acknowledged that AdvanSix is currently navigating through a period of mediocre overall demand and margins while maintaining profitability and positive cash flow.
AdvanSix recorded revenues of $1.5 billion and adjusted EBITDA of $142 million for 2024, according to the analyst report.
In other recent news, AdvanSix reported its second-quarter 2025 earnings, revealing a mix of results that caught the attention of investors. The company’s earnings per share exceeded expectations at $1.24, compared to the forecasted $1.19, representing a 4.2% surprise. However, the revenue did not meet projections, totaling $410 million against the anticipated $428.4 million, marking a 10% decrease from the previous year. These financial results were part of the company’s recent developments. Additionally, AdvanSix announced the appointment of Dana O’Brien and Daryl Roberts as new independent members of its Board of Directors, expanding the board to nine members. O’Brien, who recently retired from Olin Corporation, will serve on the Nominating and Governance Committee as well as the Compensation and Leadership Development Committee. These changes reflect ongoing strategic adjustments within the company.
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