The Andersons, Inc. (ANDE) - What Are Analysts Thinking About This Stock?

Key Points

• Analysts remain bullish on Andersons: All five covering analysts rate the stock Buy or Strong Buy, with an average 12-month price target of $95.
• Institutional ownership is substantial: Hedge funds and other institutions hold 87.06% of the company, with BlackRock initiating a stake worth approximately $427.7 million.
• Recent results exceeded earnings expectations: Andersons reported quarterly EPS of $2.15 versus the $1.48 consensus estimate, though revenue declined 1.2% year over year; the company also pays a $0.20 quarterly dividend, yielding about 1.2%.

The Andersons, Inc. (NASDAQ:ANDE - Get Free Report) has been assigned a consensus rating of "Buy" from the five analysts that are presently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $95.00.

A number of analysts have recently issued reports on ANDE shares. Weiss Ratings upgraded shares of Andersons from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, October 8th. BMO Capital Markets boosted their price objective on shares of Andersons from $75.00 to $90.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 5th. Wall Street Zen upgraded shares of Andersons from a "buy" rating to a "strong-buy" rating in a report on Saturday, October 17th. Finally, Deutsche Bank Aktiengesellschaft set a $110.00 target price on shares of Andersons in a research report on Tuesday, August 4th.

Hedge Funds Weigh In On Andersons

Several hedge funds have recently modified their holdings of ANDE. BlackRock Inc. bought a new stake in Andersons during the second quarter worth about $427,688,000. Janus Henderson Group PLC raised its stake in shares of Andersons by 35.1% during the 1st quarter. Janus Henderson Group PLC now owns 860,942 shares of the basic materials company's stock worth $61,768,000 after purchasing an additional 223,600 shares in the last quarter. Jupiter Topco LLC bought a new stake in shares of Andersons during the 2nd quarter worth approximately $54,610,000. Bank of New York Mellon Corp acquired a new stake in shares of Andersons in the 2nd quarter valued at approximately $20,628,000. Finally, Man Group plc acquired a new stake in shares of Andersons in the 2nd quarter valued at approximately $15,490,000. Institutional investors own 87.06% of the company's stock.

Andersons Price Performance

Shares of Andersons stock opened at $64.93 on Monday. The business's 50 day simple moving average is $67.44 and its 200 day simple moving average is $70.40. Andersons has a 52-week low of $44.63 and a 52-week high of $82.11. The firm has a market cap of $2.21 billion, a PE ratio of 12.53 and a beta of 0.65. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.81 and a current ratio of 1.51.

Andersons (NASDAQ:ANDE - Get Free Report) last released its earnings results on Monday, August 3rd. The basic materials company reported $2.15 EPS for the quarter, beating the consensus estimate of $1.48 by $0.67. Andersons had a return on equity of 16.23% and a net margin of 1.62%. The firm had revenue of $3.10 billion for the quarter, compared to analysts' expectations of $3.28 billion. During the same quarter in the previous year, the business posted $0.24 EPS. The business's quarterly revenue was down 1.2% compared to the same quarter last year.

Andersons Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 22nd. Shareholders of record on Thursday, October 1st were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $0.80 annualized dividend and a yield of 1.2%. Andersons's payout ratio is 15.44%.

Andersons Company Profile

The Andersons, Inc NASDAQ: ANDE is an agribusiness company that provides products and services supporting the agricultural supply chain. Founded in 1947 and headquartered in Maumee, Ohio, the company serves farmers, agricultural retailers, manufacturers, and other customers primarily in North America.

The company's Trade segment merchandises and manages the movement and storage of grains and other agricultural commodities. Its operations include grain elevators, commodity trading, logistics, and related services that connect producers with domestic and international markets.

Through its Ethanol segment, The Andersons produces renewable fuels and markets co-products such as distillers grains and corn oil.

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