Andersen Group Inc. (NYSE:ANDG) Stock Has Consensus Target Price of $56.14

Key Points

• Analyst consensus is “Moderate Buy” among 10 firms, with an average 12-month price target of $56.14. Ratings include four buys, one strong buy, four holds, and one sell.
• Recent analyst targets vary widely: Truist raised its target to $70 and Baird to $64, while Morgan Stanley set a $54 target. ANDG opened at $65.46, above the average target.
• Andersen Group reported a quarterly loss of $0.09 per share, narrower than analysts’ expected $0.16 loss, on revenue of $217.66 million.

Shares of Andersen Group Inc. (NYSE:ANDG - Get Free Report) have earned an average rating of "Moderate Buy" from the ten research firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $56.14.

A number of brokerages recently weighed in on ANDG. Robert W. Baird boosted their price objective on shares of Andersen Group from $57.00 to $64.00 and gave the company an "outperform" rating in a research report on Monday, August 31st. BMO Capital Markets started coverage on shares of Andersen Group in a report on Tuesday, September 8th. They issued a "market perform" rating and a $58.00 target price on the stock. Morgan Stanley lifted their target price on Andersen Group from $27.00 to $54.00 and gave the company an "equal weight" rating in a research note on Thursday, August 13th. Truist Financial upped their target price on Andersen Group from $55.00 to $70.00 and gave the company a "buy" rating in a report on Friday, September 25th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $56.00 price target on shares of Andersen Group in a research report on Friday, August 14th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC increased its position in Andersen Group by 454.0% in the third quarter. Global Retirement Partners LLC now owns 554 shares of the company's stock worth $30,000 after buying an additional 454 shares during the period. Bridges Investment Management Inc. acquired a new position in shares of Andersen Group during the third quarter valued at $221,000. Vise Technologies Inc. acquired a new position in shares of Andersen Group during the third quarter valued at $528,000. GAMMA Investing LLC grew its position 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 worth $81,000 after acquiring an additional 1,168 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new position in shares of Andersen Group during the second quarter worth about $592,000.

Andersen Group Stock Performance

Andersen Group stock opened at $65.46 on Wednesday. The company has a debt-to-equity ratio of 7.82, a current ratio of 2.19 and a quick ratio of 2.19. Andersen Group has a 12 month low of $18.12 and a 12 month high of $68.41. The company has a fifty day moving average price of $58.49 and a two-hundred day moving average price of $40.64. The company has a market cap of $7.40 billion and a PE ratio of -123.52.

Andersen Group (NYSE:ANDG - Get Free Report) last issued its earnings results on Wednesday, August 12th. The company reported ($0.09) earnings per share for the quarter, topping analysts' consensus estimates of ($0.16) by $0.07. The business had revenue of $217.66 million for the quarter. Research analysts expect that Andersen Group will post 0.73 earnings per share for the current year.

About Andersen Group

Andersen Group is a professional services firm providing tax, legal, valuation, financial advisory and consulting services to individuals, families and businesses. Its work includes tax planning and compliance, business and transaction advisory, and legal and valuation support. The firm traces its origins to WTAS, established in 2002 by former Arthur Andersen professionals. It later adopted the Andersen name and developed an international presence through the Andersen network of affiliated firms.

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