The Andersons, Inc. (NASDAQ:ANDE) Stock Has Consensus Target Price of $95.00 According to Brokerages

Key Points

• Analysts maintain a bullish outlook on The Andersons, with a consensus “Buy” rating and an average 12-month price target of $95, compared with the stock’s opening price of $65.71.
• The company reported quarterly EPS of $2.15, exceeding estimates of $1.48, although revenue of $3.10 billion fell short of expectations and declined 1.2% year over year.
• Andersons declared a quarterly dividend of $0.20 per share, equal to an annualized $0.80 and a 1.2% yield; institutional investors own approximately 87.1% of the stock.

The Andersons, Inc. (NASDAQ:ANDE - Get Free Report) has earned a consensus recommendation of "Buy" from the five ratings firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $95.00.

Several equities analysts have commented on ANDE shares. Benchmark reissued a "buy" rating on shares of Andersons in a research report on Monday, June 15th. BMO Capital Markets lifted 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. Deutsche Bank Aktiengesellschaft set a $110.00 target price on shares of Andersons in a research note on Tuesday, August 4th. The Goldman Sachs Group lowered shares of Andersons to a "buy" rating in a research note on Thursday, June 18th. Finally, Weiss Ratings cut shares of Andersons from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, September 1st.

Andersons Stock Down 0.8%

ANDE stock opened at $65.71 on Thursday. The firm has a market capitalization of $2.24 billion, a PE ratio of 12.69 and a beta of 0.63. The company has a quick ratio of 0.81, a current ratio of 1.51 and a debt-to-equity ratio of 0.42. Andersons has a twelve month low of $39.23 and a twelve month high of $82.11. The stock's 50 day moving average is $68.86 and its 200-day moving average is $71.05.

Andersons (NASDAQ:ANDE - Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The basic materials company reported $2.15 earnings per share (EPS) for the quarter, topping 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 business had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.28 billion. During the same quarter in the prior year, the company posted $0.24 earnings per share. Andersons's revenue was down 1.2% compared to the same quarter last year.

Andersons Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 22nd. Shareholders of record on Thursday, October 1st will be paid a $0.20 dividend. The ex-dividend date is Thursday, October 1st. This represents a $0.80 annualized dividend and a dividend yield of 1.2%. Andersons's payout ratio is presently 15.44%.

Insider Activity at Andersons

In other news, Director Patrick Bowe sold 3,534 shares of the stock in a transaction on Wednesday, July 22nd. The stock was sold at an average price of $80.53, for a total transaction of $284,593.02. Following the completion of the transaction, the director owned 74,875 shares in the company, valued at approximately $6,029,683.75. This represents a 4.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 4.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Andersons

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tidal Investments LLC bought a new stake in shares of Andersons in the second quarter valued at approximately $242,000. Squarepoint Ops LLC bought a new position in Andersons in the 2nd quarter worth approximately $496,000. Nykredit A S purchased a new position in Andersons in the 2nd quarter valued at approximately $135,000. Amundi grew its position in shares of Andersons by 2.1% in the second quarter. Amundi now owns 33,055 shares of the basic materials company's stock valued at $2,261,000 after purchasing an additional 665 shares in the last quarter. Finally, Compass Financial Management LLC bought a new stake in shares of Andersons during the second quarter valued at about $1,587,000. Institutional investors own 87.06% of the company's stock.

Andersons Company Profile

The Andersons, Inc is an agriculture-focused company headquartered in Maumee, Ohio. Founded in 1947, the company serves farmers, manufacturers, food and feed producers, and other customers through businesses connected to grain, plant nutrients, and renewable fuels.

The company's activities include merchandising and storing grains, supplying agricultural fertilizers and related plant-nutrient products, and producing and marketing ethanol and other renewable fuel products. Its operations also support the movement and processing of agricultural commodities through grain terminals, elevators, and logistics services.

The Andersons serves customers primarily across the United States, with operations and commercial relationships extending into Canada and other markets.

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