Andersen Group Inc. (NYSE:ANDG) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Analysts give Andersen Group an average rating of "Moderate Buy" from seven firms (3 hold, 2 buy, 2 strong buy) with a 1‑year consensus target of about $32.67.
• In the most recent quarter Andersen Group beat expectations, reporting EPS of -$0.13 versus a consensus of -$0.28 and revenue of $170.35M above the $152.64M estimate.
• Shares opened at $25.80, trading above the 50‑day SMA of $23.17 and within a 52‑week range of $18.12–$30.22.

Shares of Andersen Group Inc. (NYSE:ANDG - Get Free Report) have been given an average rating of "Moderate Buy" by the seven research firms that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $32.6667.

A number of brokerages recently weighed in on ANDG. Truist Financial raised shares of Andersen Group to a "strong-buy" rating in a research note on Monday, January 12th. Morgan Stanley boosted their price target on shares of Andersen Group from $22.00 to $24.00 and gave the stock an "equal weight" rating in a research note on Wednesday, March 18th. Zacks Research upgraded shares of Andersen Group to a "hold" rating in a research report on Tuesday, January 13th. Robert W. Baird lifted their price objective on shares of Andersen Group from $40.00 to $42.00 and gave the stock an "outperform" rating in a report on Wednesday, March 18th. Finally, Wells Fargo & Company upgraded shares of Andersen Group to a "hold" rating in a research report on Monday, January 12th.

Andersen Group Price Performance

Andersen Group stock opened at $25.80 on Tuesday. The business's 50-day simple moving average is $23.17. Andersen Group has a 52 week low of $18.12 and a 52 week high of $30.22.

Andersen Group (NYSE:ANDG - Get Free Report) last released its quarterly earnings results on Tuesday, March 17th. The company reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.28) by $0.15. The business had revenue of $170.35 million during the quarter, compared to analysts' expectations of $152.64 million.

Hedge Funds Weigh In On Andersen Group

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Wells Fargo & Company MN bought a new position in shares of Andersen Group during the 4th quarter valued at about $46,000. PNC Financial Services Group Inc. bought a new stake in Andersen Group in the 4th quarter worth approximately $215,000. Barclays PLC purchased a new stake in Andersen Group in the fourth quarter worth approximately $218,000. Voloridge Investment Management LLC purchased a new stake in Andersen Group in the fourth quarter worth approximately $259,000. Finally, XTX Topco Ltd bought a new position in Andersen Group during the fourth quarter valued at approximately $269,000.

Andersen Group Company Profile

Our mission is to deliver exceptional client service grounded in integrity, transparency, and excellence. Since our founding in 2002, we have experienced rapid and sustained growth, powered by our people, our values and our relentless commitment to innovative, client-focused solutions. Building on the rich traditions and culture of the former Arthur Andersen, we are driven by a bold vision to lead in a complex global marketplace, creating lasting value for our clients, our people and our investors.

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