Andersen Group (NYSE:ANDG) Given New $61.00 Price Target at Wells Fargo & Company

Key Points

• Wells Fargo raised its price target on Andersen Group to $61 from $49 but maintained an “equal weight” rating; the new target implied about 0.43% downside from the prior close.
• Analyst sentiment is mixed: MarketBeat reports a “Moderate Buy” consensus and an average target of $58.86, while Friday’s shares fell 6.4% to $61.27.
• Recent company updates pointed to growth, including third-quarter revenue up 18.7% year over year and 2027 revenue guidance above the cited consensus estimate; the reported debt-to-equity ratio of 7.82 remains a potential concern.

Andersen Group (NYSE:ANDG - Get Free Report) had its target price hoisted by research analysts at Wells Fargo & Company from $49.00 to $61.00 in a report released on Friday, Benzinga reports. The firm currently has an "equal weight" rating on the stock. Wells Fargo & Company's price objective would suggest a potential downside of 0.43% from the company's previous close.

Other equities research analysts also recently issued research reports about the stock. Truist Financial raised their price target on shares of Andersen Group from $55.00 to $70.00 and gave the company a "buy" rating in a research report on Friday, September 25th. Weiss Ratings upgraded Andersen Group from a "sell (d-)" rating to a "sell (d+)" rating in a research note on Thursday, September 24th. BMO Capital Markets initiated coverage on shares of Andersen Group in a research report on Tuesday, September 8th. They issued a "market perform" rating and a $58.00 target price for the company. Morgan Stanley upped their price objective on Andersen Group from $27.00 to $54.00 and gave the company an "equal weight" rating in a research report on Thursday, August 13th. Finally, Deutsche Bank reissued a "buy" rating and issued a $56.00 target price on shares of Andersen Group in a research report on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $58.86.

Andersen Group Trading Down 6.4%

ANDG traded down $4.16 during midday trading on Friday, reaching $61.27. 415,428 shares of the company's stock traded hands, compared to its average volume of 383,087. Andersen Group has a 52 week low of $18.12 and a 52 week high of $68.41. The company has a debt-to-equity ratio of 7.82, a current ratio of 2.19 and a quick ratio of 2.19. The firm has a fifty day moving average of $58.87 and a two-hundred day moving average of $41.07. The stock has a market capitalization of $6.92 billion and a price-to-earnings ratio of -115.60.

Andersen Group (NYSE:ANDG - Get Free Report) last issued its quarterly earnings data on Wednesday, August 12th. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.07. The company had revenue of $217.66 million during the quarter. On average, equities analysts anticipate that Andersen Group will post 0.73 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ANDG. Global Retirement Partners LLC lifted its stake in Andersen Group by 454.0% in the 3rd quarter. Global Retirement Partners LLC now owns 554 shares of the company's stock worth $30,000 after purchasing an additional 454 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Andersen Group by 353.9% in the third quarter. GAMMA Investing LLC now owns 1,498 shares of the company's stock valued at $81,000 after purchasing an additional 1,168 shares during the last quarter. Bridges Investment Management Inc. acquired a new stake in shares of Andersen Group in the third quarter valued at approximately $221,000. Bank of America Corp DE lifted its position in Andersen Group by 512.0% during the first quarter. Bank of America Corp DE now owns 12,852 shares of the company's stock worth $350,000 after buying an additional 10,752 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Andersen Group by 47.0% during the first quarter. Bank of New York Mellon Corp now owns 18,636 shares of the company's stock worth $507,000 after buying an additional 5,962 shares in the last quarter.

Key Andersen Group News

These are some of the ANDG news items that stood out recently:

• Positive Sentiment: Andersen reported third-quarter revenue of $337.3 million, up 18.7% year over year. It also reported EPS of $7.13, well above the $0.90 consensus, although the size of the beat may warrant investors checking the earnings materials for details. Andersen Group Reports Third Quarter Revenue Growth of 18.7% to $337.3 Million
• Positive Sentiment: The company’s 2027 revenue outlook of roughly $1.275 billion–$1.325 billion is above the cited FactSet estimate of $1.17 billion. Andersen also raised its 2026 adjusted EBITDA guidance to $255 million–$275 million, signaling management expects continued growth. Andersen projects 2027 revenue and raises 2026 EBITDA guidance
• Negative Sentiment: Leverage remains a potential concern: the supplied company background reports a debt-to-equity ratio of 7.82. That may temper enthusiasm for the growth outlook, particularly if investors question the quality or durability of the reported EPS beat.

About Andersen Group

Andersen Group is a professional services firm providing tax, legal, valuation, financial advisory and consulting services to individuals, families and businesses. Its work includes tax planning and compliance, business and transaction advisory, and legal and valuation support. The firm traces its origins to WTAS, established in 2002 by former Arthur Andersen professionals. It later adopted the Andersen name and developed an international presence through the Andersen network of affiliated firms.

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