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

Key Points

• The eight covering brokerages give Andersen Group a consensus rating of "Moderate Buy" (1 sell, 3 hold, 2 buy, 2 strong buy) with an average 12‑month target price of $33.33.
• Andersen beat expectations last quarter, reporting EPS of ($0.13) vs. estimates of ($0.28) and revenue of $170.35M, and the stock recently traded near its 12‑month high at about $36.30.
• Several analysts have raised targets (e.g., UBS to $34, Robert W. Baird to $42) and hedge funds including Tudor Investment added new stakes, indicating rising analyst and institutional interest.

Andersen Group Inc. (NYSE:ANDG - Get Free Report) has earned a consensus rating of "Moderate Buy" from the eight research firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, two have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $33.3333.

A number of equities research analysts have recently commented on the stock. Morgan Stanley lifted their price target on shares of Andersen Group from $22.00 to $24.00 and gave the stock an "equal weight" rating in a report on Wednesday, March 18th. Weiss Ratings assumed coverage on shares of Andersen Group in a report on Monday, April 6th. They set a "sell (e)" rating for the company. UBS Group lifted their price target on shares of Andersen Group from $32.00 to $34.00 and gave the stock a "buy" rating in a report on Monday, April 13th. Zacks Research upgraded shares of Andersen Group to a "hold" rating in a report on Tuesday, January 13th. Finally, Robert W. Baird lifted their price target 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.

Institutional Investors Weigh In On Andersen Group

Several hedge funds have recently modified their holdings of the stock. Corient Private Wealth LLC acquired a new stake in shares of Andersen Group in the fourth quarter worth approximately $357,000. XTX Topco Ltd acquired a new stake in shares of Andersen Group in the fourth quarter worth approximately $269,000. Voloridge Investment Management LLC acquired a new stake in shares of Andersen Group in the fourth quarter worth approximately $259,000. Tudor Investment Corp ET AL acquired a new stake in shares of Andersen Group in the fourth quarter worth approximately $3,748,000. Finally, Polymer Capital Management US LLC acquired a new stake in shares of Andersen Group in the fourth quarter worth approximately $648,000.

Andersen Group Stock Up 2.1%

Shares of NYSE ANDG opened at $36.30 on Friday. Andersen Group has a 12 month low of $18.12 and a 12 month high of $36.71. The business's 50-day moving average price is $26.85.

Andersen Group (NYSE:ANDG - Get Free Report) last issued its quarterly earnings results on Tuesday, March 17th. The company reported ($0.13) EPS for the quarter, topping analysts' consensus estimates of ($0.28) by $0.15. The firm had revenue of $170.35 million for the quarter, compared to analysts' expectations of $152.64 million. On average, research analysts predict that Andersen Group will post 0.23 earnings per share for the current fiscal year.

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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