Andersons Inc (NASDAQ:ANDE) has earned a consensus recommendation of “Hold” from the seven research firms that are covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $41.33.
A number of equities research analysts have recently weighed in on ANDE shares. Stephens upgraded Andersons from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $35.50 to $44.00 in a research note on Wednesday, August 8th. BMO Capital Markets boosted their price target on Andersons from $36.00 to $40.00 and gave the stock a “market perform” rating in a research note on Thursday, August 9th. Buckingham Research boosted their price target on Andersons from $35.00 to $40.00 and gave the stock a “neutral” rating in a research note on Thursday, August 9th. TheStreet upgraded Andersons from a “c” rating to a “b” rating in a research note on Friday, August 10th. Finally, ValuEngine lowered Andersons from a “buy” rating to a “hold” rating in a research report on Thursday, September 27th.
Shares of ANDE stock traded down $1.75 during trading hours on Wednesday, reaching $31.81. 111,950 shares of the company’s stock were exchanged, compared to its average volume of 118,074. Andersons has a 1 year low of $29.86 and a 1 year high of $41.70. The firm has a market capitalization of $935.60 million, a price-to-earnings ratio of 27.66 and a beta of 1.17. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.56 and a current ratio of 1.27.
Andersons (NASDAQ:ANDE) last issued its quarterly earnings results on Monday, November 5th. The basic materials company reported ($0.07) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.18). Andersons had a return on equity of 4.05% and a net margin of 2.66%. The business had revenue of $685.60 million for the quarter, compared to analysts’ expectations of $839.00 million. During the same quarter in the previous year, the firm posted $0.09 EPS. Andersons’s revenue was down 18.0% on a year-over-year basis. As a group, equities analysts forecast that Andersons will post 1.72 earnings per share for the current year.
In related news, insider Michael S. Irmen sold 5,564 shares of the company’s stock in a transaction that occurred on Wednesday, November 28th. The stock was sold at an average price of $33.45, for a total value of $186,115.80. Following the sale, the insider now owns 6,453 shares in the company, valued at $215,852.85. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Stephen F. Dowdle bought 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 7th. The stock was purchased at an average price of $32.95 per share, for a total transaction of $65,900.00. Following the transaction, the director now owns 1,763 shares of the company’s stock, valued at $58,090.85. The disclosure for this purchase can be found here. 5.50% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in Andersons by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 2,885,994 shares of the basic materials company’s stock valued at $108,657,000 after buying an additional 56,319 shares in the last quarter. Morgan Stanley grew its holdings in Andersons by 72.0% in the 3rd quarter. Morgan Stanley now owns 160,804 shares of the basic materials company’s stock valued at $6,055,000 after buying an additional 67,288 shares in the last quarter. Legal & General Group Plc grew its holdings in Andersons by 4.8% in the 3rd quarter. Legal & General Group Plc now owns 80,601 shares of the basic materials company’s stock valued at $3,029,000 after buying an additional 3,665 shares in the last quarter. Auxier Asset Management purchased a new stake in Andersons in the 3rd quarter valued at $219,000. Finally, MetLife Investment Advisors LLC grew its holdings in Andersons by 52.9% in the 3rd quarter. MetLife Investment Advisors LLC now owns 20,255 shares of the basic materials company’s stock valued at $763,000 after buying an additional 7,004 shares in the last quarter. Hedge funds and other institutional investors own 80.12% of the company’s stock.
The Andersons, Inc, an agriculture company, operates in the grain, ethanol, plant nutrient, and rail sectors in the United States and internationally. The company's Grain segment operates grain elevators; stores grains; and provides grain marketing, risk management, and corn origination services to its customers and affiliated ethanol facilities.
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