Andersen Group (NYSE:ANDG) Hits New 1-Year High - Should You Buy?

Key Points

• Andersen Group shares reached a new 52-week high, trading around $64.81 and rising 1.8%; the company’s market capitalization is approximately $7.29 billion.
• Analyst sentiment is broadly positive, with a “Moderate Buy” consensus and an average price target of $56.14. However, the stock’s current price is above that average target, while ratings range from Strong Buy to Sell.
• The company exceeded quarterly EPS expectations, reporting a loss of $0.09 per share versus the expected loss of $0.16, on revenue of $217.66 million. Institutional investors, including Bank of America and Sei Investments, have also increased their holdings.

Andersen Group Inc. (NYSE:ANDG - Get Free Report) shares hit a new 52-week high during trading on Monday. The company traded as high as $64.75 and last traded at $64.81, with a volume of 465,349 shares trading hands. The stock had previously closed at $63.39.

Wall Street Analyst Weigh In

ANDG has been the topic of a number of research reports. Truist Financial boosted their price target on Andersen Group from $55.00 to $70.00 and gave the company a "buy" rating in a report on Friday, September 25th. Wells Fargo & Company increased their target price on shares of Andersen Group from $38.00 to $49.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 13th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $56.00 target price on shares of Andersen Group in a research report on Friday, August 14th. BMO Capital Markets started coverage on shares of Andersen Group in a research report on Tuesday, September 8th. They set a "market perform" rating and a $58.00 price objective for the company. Finally, Weiss Ratings upgraded shares of Andersen Group from a "sell (d-)" rating to a "sell (d+)" rating in a research report on Thursday, September 24th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $56.14.

Andersen Group Stock Up 1.8%

The company has a debt-to-equity ratio of 7.82, a quick ratio of 2.19 and a current ratio of 2.19. The company's 50-day moving average is $55.21 and its 200 day moving average is $44.57. The company has a market capitalization of $7.29 billion and a PE ratio of -120.78.

Andersen Group (NYSE:ANDG - Get Free Report) last announced its quarterly earnings results on Wednesday, August 12th. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.07. The company had revenue of $217.66 million during the quarter. As a group, analysts anticipate that Andersen Group Inc. will post 0.73 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC purchased a new stake in shares of Andersen Group in the first quarter valued at about $1,686,000. Sei Investments Co. raised its position in Andersen Group by 96.3% in the first quarter. Sei Investments Co. now owns 121,649 shares of the company's stock valued at $3,309,000 after purchasing an additional 59,693 shares during the period. Squarepoint Ops LLC acquired a new position in Andersen Group in the second quarter valued at about $592,000. Corient Private Wealth LLC acquired a new position in Andersen Group during the fourth quarter worth $357,000. Finally, Bank of America Corp DE raised its holdings in shares of Andersen Group by 512.0% in the 1st quarter. Bank of America Corp DE now owns 12,852 shares of the company's stock valued at $350,000 after buying an additional 10,752 shares during the period.

About Andersen Group

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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