Andersen Group Inc. (NYSE:ANDG) Stock Has Average Target Price of $56.14 According to Brokerages

Andersen Group Inc. (NYSE:ANDG - Get Free Report) has received an average rating of "Moderate Buy" from the ten ratings firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $56.14.

Several equities research analysts have recently weighed in on the stock. Truist Financial increased their target price on shares of Andersen Group from $55.00 to $70.00 and gave the company a "buy" rating in a research note on Friday, September 25th. Weiss Ratings upgraded shares of Andersen Group from a "sell (d-)" rating to a "sell (d+)" rating in a report on Thursday, September 24th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $56.00 price target on shares of Andersen Group in a research note on Friday, August 14th. Wells Fargo & Company upped their price target on shares of Andersen Group from $38.00 to $49.00 and gave the company an "equal weight" rating in a report on Thursday, August 13th. Finally, Morgan Stanley upped their price target on shares of Andersen Group from $27.00 to $54.00 and gave the company an "equal weight" rating in a report on Thursday, August 13th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. GAMMA Investing LLC grew its stake in shares of Andersen Group by 353.9% during the third quarter. GAMMA Investing LLC now owns 1,498 shares of the company's stock valued at $81,000 after buying an additional 1,168 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in shares of Andersen Group in the second quarter worth approximately $592,000. Corient Private Wealth LP lifted its stake in shares of Andersen Group by 67.2% during the 2nd quarter. Corient Private Wealth LP now owns 23,005 shares of the company's stock worth $868,000 after acquiring an additional 9,245 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Andersen Group by 512.0% during the 1st quarter. Bank of America Corp DE now owns 12,852 shares of the company's stock worth $350,000 after acquiring an additional 10,752 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of Andersen Group during the 1st quarter worth approximately $1,686,000.

Andersen Group Trading Down 0.9%

Shares of NYSE ANDG traded down $0.53 during trading hours on Friday, hitting $58.42. 250,280 shares of the company traded hands, compared to its average volume of 482,118. The stock has a market capitalization of $6.60 billion and a price-to-earnings ratio of -110.24. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 7.82. The company's 50 day moving average price is $53.97 and its 200 day moving average price is $43.30. Andersen Group has a 12 month low of $18.12 and a 12 month high of $60.15.

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