Andersen Group (NYSE:ANDG) Price Target Raised to $57.00

Key Points

• Robert W. Baird raised Andersen Group’s price target to $57 from $44 and maintained an “outperform” rating, implying 13.48% upside. The analyst consensus remains “Moderate Buy,” with an average target of $43.33.
• Andersen reported quarterly revenue of $217.66 million and an adjusted EPS loss of $0.09, beating the expected $0.16 loss. Management reaffirmed its 2026 revenue outlook of $980 million to $1 billion and adjusted EBITDA margin guidance of 22% to 23%.
• Shares opened at $50.23 after rising 3.6%, but the stock trades at a very high 295.47 price-to-earnings ratio and carries a 9.72 debt-to-equity ratio, leaving limited room for execution or acquisition-growth disappointments.

Andersen Group (NYSE:ANDG - Get Free Report) had its price target raised by stock analysts at Robert W. Baird from $44.00 to $57.00 in a report issued on Thursday,Benzinga reports. The firm presently has an "outperform" rating on the stock. Robert W. Baird's price target would suggest a potential upside of 13.48% from the stock's previous close.

Several other brokerages have also recently weighed in on ANDG. Weiss Ratings upgraded Andersen Group from a "sell (e)" rating to a "sell (e+)" rating in a research note on Monday, June 1st. Morgan Stanley upped their target price on Andersen Group from $24.00 to $27.00 and gave the company an "equal weight" rating in a report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $41.00 target price on shares of Andersen Group in a research report on Wednesday, May 13th. Wells Fargo & Company boosted their target price on shares of Andersen Group from $25.00 to $38.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 13th. Finally, Truist Financial raised their target price on Andersen Group from $42.00 to $55.00 and gave the stock a "buy" rating in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $43.33.

Andersen Group Trading Up 3.6%

Shares of Andersen Group stock opened at $50.23 on Thursday. The company has a debt-to-equity ratio of 9.72, a quick ratio of 2.36 and a current ratio of 2.36. Andersen Group has a 52 week low of $18.12 and a 52 week high of $50.76. The stock has a 50 day moving average price of $41.47 and a two-hundred day moving average price of $33.14. The stock has a market capitalization of $5.67 billion and a PE ratio of 295.47.

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

Insiders Place Their Bets

In other news, Director Robert V. Gunderson, Jr. bought 2,367 shares of Andersen Group stock in a transaction that occurred on Wednesday, May 20th. The shares were acquired at an average price of $35.82 per share, with a total value of $84,785.94. Following the completion of the purchase, the director directly owned 15,000 shares in the company, valued at $537,300. The trade was a 18.74% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Durable Capital Partners Lp sold 336,736 shares of the firm's stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $40.01, for a total value of $13,472,807.36. Following the sale, the insider owned 1,333,749 shares in the company, valued at $53,363,297.49. The trade was a 20.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 13.00% of the company's stock.

Hedge Funds Weigh In On Andersen Group

Institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. purchased a new position in shares of Andersen Group during the 4th quarter valued at about $45,987,000. J. Goldman & Co LP bought a new position in Andersen Group during the fourth quarter valued at approximately $30,079,000. Brown Advisory Inc. bought a new position in Andersen Group during the fourth quarter valued at approximately $29,365,000. Franklin Resources Inc. purchased a new position in shares of Andersen Group during the fourth quarter worth approximately $25,864,000. Finally, Royce & Associates LP bought a new stake in shares of Andersen Group in the 4th quarter worth approximately $19,948,000.

Key Andersen Group News

Here are the key news stories impacting Andersen Group this week:

• Positive Sentiment: Andersen reported record second-quarter revenue of $217.7 million, while its adjusted EPS loss of $0.09 was better than the consensus estimate of a $0.16 loss. The earnings beat supports the stock by suggesting operating performance is improving. Andersen Group Delivers Record Second-Quarter Revenue of $217.7 Million
• Positive Sentiment: Management reaffirmed its 2026 revenue outlook of $980 million to $1 billion and adjusted EBITDA margin guidance of 22% to 23%. Maintaining targets after the quarterly results provides investors with greater confidence in the growth plan. Andersen Reaffirms 2026 Guidance
• Positive Sentiment: The company is expanding through acquisitions, including firms in Mexico, the United States and the United Kingdom. The transactions could broaden Andersen’s geographic footprint, client base and future revenue opportunities. Andersen Expands Presence in the United Kingdom and United States
• Neutral Sentiment: The earnings call highlighted continued acquisition activity but indicated that inorganic revenue growth is slowing. This makes execution and organic growth increasingly important for achieving the 2026 targets. Andersen Group Q2 2026 Earnings Call Transcript
• Negative Sentiment: At approximately 295 times earnings, with a debt-to-equity ratio of 9.72, ANDG has limited room for execution disappointments. Any slowdown in acquisition-driven growth could increase valuation concerns despite the quarterly beat.

About Andersen Group

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source