Andersons (NASDAQ:ANDE - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research report issued to clients and investors on Saturday.
A number of other research firms have also issued reports on ANDE. The Goldman Sachs Group lowered shares of Andersons to a "buy" rating in a report on Thursday, June 18th. UBS Group set a $90.00 price objective on shares of Andersons in a research report on Wednesday, May 20th. Benchmark reissued a "buy" rating on shares of Andersons in a research note on Monday, June 15th. Weiss Ratings restated a "hold (c+)" rating on shares of Andersons in a research report on Tuesday. Finally, BMO Capital Markets lifted their target price on shares of Andersons from $75.00 to $90.00 and gave the stock an "outperform" rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Andersons presently has an average rating of "Buy" and a consensus target price of $95.00.
View Our Latest Stock Report on Andersons
Andersons Stock Down 3.8%
Shares of NASDAQ:ANDE opened at $65.39 on Friday. The company has a quick ratio of 0.62, a current ratio of 1.51 and a debt-to-equity ratio of 0.42. Andersons has a 52-week low of $37.43 and a 52-week high of $82.11. The stock's fifty day simple moving average is $71.99 and its 200-day simple moving average is $70.16. The company has a market capitalization of $2.23 billion, a P/E ratio of 12.62 and a beta of 0.66.
Andersons (NASDAQ:ANDE - Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The basic materials company reported $2.15 EPS for the quarter, topping analysts' consensus estimates of $1.48 by $0.67. The firm had revenue of $3.10 billion during the quarter, compared to analysts' expectations of $3.28 billion. Andersons had a return on equity of 16.23% and a net margin of 1.62%.The firm's quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.24 EPS.
Insider Buying and Selling at Andersons
In other Andersons news, Director Patrick E. Bowe sold 3,534 shares of Andersons stock in a transaction on Wednesday, July 22nd. The shares were sold at an average price of $80.53, for a total value of $284,593.02. Following the transaction, the director owned 74,875 shares in the company, valued at $6,029,683.75. This trade represents a 4.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 4.30% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ANDE. Uniplan Investment Counsel Inc. purchased a new stake in Andersons during the fourth quarter valued at about $25,000. Optima Capital LLC purchased a new position in shares of Andersons in the 4th quarter worth about $32,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Andersons in the 2nd quarter valued at about $38,000. Larson Financial Group LLC lifted its stake in shares of Andersons by 33,600.0% in the 3rd quarter. Larson Financial Group LLC now owns 1,011 shares of the basic materials company's stock valued at $40,000 after purchasing an additional 1,008 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its holdings in shares of Andersons by 95.2% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 820 shares of the basic materials company's stock worth $44,000 after purchasing an additional 400 shares during the period. Institutional investors and hedge funds own 87.06% of the company's stock.
About Andersons
(
Get Free Report)
The Andersons, Inc operates as a diversified agriculture company offering a broad range of products and services to farmers, retailers and industrial customers. Through its Grain Group, the company purchases, stores, merchandises and transports corn, soybeans and other commodities, while its Renewables Group produces ethanol and distillers grains at multiple plants in the U.S. The Rail Group provides locomotive leasing, railcar repair and related maintenance services, and the Horticulture Group supplies turf, specialty and horticultural products to landscaping professionals and consumer lawn and garden retailers.
Founded in 1947 and headquartered in Maumee, Ohio, The Andersons has grown from a regional grain elevator operator into an integrated agribusiness platform.
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