Andersons Inc (NASDAQ:ANDE) has been assigned a consensus rating of “Hold” from the seven ratings firms that are presently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $41.33.
Several equities analysts recently issued reports on ANDE shares. Buckingham Research increased their target price on Andersons from $35.00 to $40.00 and gave the stock a “neutral” rating in a research note on Thursday, August 9th. TheStreet raised Andersons from a “c” rating to a “b” rating in a research note on Friday, August 10th. Zacks Investment Research raised Andersons from a “sell” rating to a “hold” rating in a research report on Wednesday, November 28th. BMO Capital Markets increased their price target on Andersons from $36.00 to $40.00 and gave the company a “market perform” rating in a research report on Thursday, August 9th. Finally, ValuEngine lowered Andersons from a “buy” rating to a “hold” rating in a research report on Tuesday, October 16th.
In related news, Director Stephen F. Dowdle purchased 1,950 shares of Andersons stock in a transaction on Friday, November 9th. The shares were bought at an average price of $33.24 per share, with a total value of $64,818.00. Following the transaction, the director now directly owns 3,693 shares of the company’s stock, valued at $122,755.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael S. Irmen sold 5,564 shares of the stock in a transaction dated Wednesday, November 28th. The shares were sold at an average price of $33.45, for a total value of $186,115.80. Following the completion of the sale, the insider now directly owns 6,453 shares in the company, valued at approximately $215,852.85. The disclosure for this sale can be found here. 5.50% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the business. ClariVest Asset Management LLC acquired a new stake in Andersons in the 3rd quarter valued at about $137,000. Ibex Investors LLC acquired a new stake in Andersons in the 3rd quarter valued at about $200,000. Piedmont Investment Advisors LLC acquired a new stake in shares of Andersons during the 2nd quarter worth about $212,000. Auxier Asset Management acquired a new stake in shares of Andersons during the 3rd quarter worth about $219,000. Finally, Trexquant Investment LP acquired a new stake in shares of Andersons during the 3rd quarter worth about $233,000. 80.12% of the stock is currently owned by institutional investors.
ANDE traded down $1.75 during mid-day trading on Wednesday, hitting $31.81. 111,950 shares of the 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 company has a current ratio of 1.27, a quick ratio of 0.56 and a debt-to-equity ratio of 0.52. The firm has a market cap of $935.60 million, a price-to-earnings ratio of 27.66 and a beta of 1.17.
Andersons (NASDAQ:ANDE) last posted its earnings results on Monday, November 5th. The basic materials company reported ($0.07) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $685.60 million for the quarter, compared to analyst estimates of $839.00 million. During the same period in the previous year, the company posted $0.09 EPS. Andersons’s revenue was down 18.0% on a year-over-year basis. On average, research analysts forecast that Andersons will post 1.72 earnings per share for the current year.
Andersons Company Profile
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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