Andersons (ANDE) Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Andersons in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" ANDE shares.
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3 brokerages have issued 1 year target prices for Andersons' shares. Their ANDE share price forecasts range from $60.00 to $65.00. On average, they anticipate the company's stock price to reach $61.67 in the next year. This suggests a possible upside of 21.3% from the stock's current price.
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Andersons' stock was trading at $34.99 at the beginning of the year. Since then, ANDE shares have increased by 45.3% and is now trading at $50.85.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
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The Andersons, Inc. (NASDAQ:ANDE) released its quarterly earnings results on Wednesday, August, 2nd. The basic materials company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.46. The basic materials company earned $4.02 billion during the quarter, compared to analyst estimates of $4.13 billion. Andersons had a net margin of 0.51% and a trailing twelve-month return on equity of 7.79%. The business's quarterly revenue was down 9.7% on a year-over-year basis. During the same period last year, the firm posted $2.39 EPS.

Andersons announced a quarterly dividend on Thursday, August 17th. Investors of record on Monday, October 2nd will be paid a dividend of $0.185 per share on Friday, October 20th. This represents a $0.74 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend is Friday, September 29th.
Read our dividend analysis for ANDE.

ETFs with the largest weight of Andersons (NASDAQ:ANDE) stock in their portfolio include Invesco Food & Beverage ETF (PBJ), Invesco S&P SmallCap Consumer Staples ETF (PSCC), Invesco Dorsey Wright Consumer Staples Momentum ETF (PSL), Pacer US Small Cap Cash Cows 100 ETF (CALF), Invesco S&P SmallCap 600 Revenue ETF (RWJ), Invesco S&P SmallCap Value with Momentum ETF (XSVM), ProShares Russell 2000 Dividend Growers ETF (SMDV) and Royce Quant Small-Cap Quality Value ETF (SQLV).

Andersons (NASDAQ:ANDE) pays an annual dividend of $0.74 per share and currently has a dividend yield of 1.44%. The company has been increasing its dividend for 25 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 29.72%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ANDE will have a dividend payout ratio of 21.89% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ANDE.

28 employees have rated Andersons Chief Executive Officer Patrick E. Bowe on Glassdoor.com. Patrick E. Bowe has an approval rating of 100% among the company's employees. This puts Patrick E. Bowe in the top 10% of approval ratings compared to other CEOs of publicly-traded companies. 75.0% of employees surveyed would recommend working at Andersons to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other Andersons investors own include Wolverine World Wide (WWW), Walgreens Boots Alliance (WBA), Wendy's (WEN), Carnival Co. & (CCL), Xerox (XRX), Fifth Third Bancorp (FITB), Cheesecake Factory (CAKE), AON (AON), Marriott International (MAR) and

Andersons trades on the NASDAQ under the ticker symbol "ANDE."

Andersons' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (15.65%), Dimensional Fund Advisors LP (8.05%), State Street Corp (3.59%), Pacer Advisors Inc. (3.19%), Geode Capital Management LLC (1.96%) and Northern Trust Corp (1.93%). Insiders that own company stock include Anne G Rex, Anne G Rex, Brian K Walz, Michael J Anderson, Patrick E Bowe, Stephen F Dowdle and William E Krueger.
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Shares of ANDE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ANDE stock can currently be purchased for approximately $50.85.

Andersons (NASDAQ:ANDE) has a market capitalization of $1.72 billion and generates $17.33 billion in revenue each year. The basic materials company earns $131.08 million in net income (profit) each year or $2.49 on an earnings per share basis.

The company employs 2,283 workers across the globe.

Andersons' mailing address is 1947 Briarfield Boulevard, MAUMEE OH, 43537. The official website for the company is www.andersonsinc.com. The basic materials company can be reached via phone at (419) 893-5050, via email at investorrelations@andersonsinc.com, or via fax at 419-891-6670.