BMO Capital Markets Cuts Andersons (NASDAQ:ANDE) Price Target to $45.00

Andersons (NASDAQ:ANDEGet Rating) had its target price decreased by BMO Capital Markets from $50.00 to $45.00 in a research report report published on Thursday, The Fly reports. BMO Capital Markets currently has a hold rating on the basic materials company’s stock.

Other analysts also recently issued reports about the company. Zacks Investment Research downgraded Andersons from a strong-buy rating to a hold rating in a research report on Tuesday. Lake Street Capital raised their price target on Andersons from $50.00 to $60.00 and gave the stock a buy rating in a research report on Friday, March 25th. Finally, StockNews.com downgraded Andersons from a buy rating to a hold rating in a research report on Monday, April 11th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of Buy and an average price target of $49.69.

ANDE stock opened at $40.79 on Thursday. The firm has a fifty day moving average price of $49.75 and a 200 day moving average price of $41.60. Andersons has a fifty-two week low of $25.20 and a fifty-two week high of $59.00. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.63 and a current ratio of 1.37. The firm has a market cap of $1.39 billion, a PE ratio of 14.67 and a beta of 0.60.

Andersons (NASDAQ:ANDEGet Rating) last posted its earnings results on Tuesday, February 15th. The basic materials company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.56. Andersons had a net margin of 0.67% and a return on equity of 7.50%. The firm had revenue of $3.78 billion during the quarter, compared to analyst estimates of $2.63 billion. During the same period last year, the firm posted $0.59 earnings per share. On average, equities analysts predict that Andersons will post 2.63 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, April 22nd. Stockholders of record on Friday, April 1st were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, March 31st. This represents a $0.72 annualized dividend and a dividend yield of 1.77%. Andersons’s dividend payout ratio (DPR) is 25.90%.

In other news, insider William E. Krueger sold 30,000 shares of Andersons stock in a transaction on Friday, April 22nd. The stock was sold at an average price of $53.39, for a total transaction of $1,601,700.00. Following the completion of the sale, the insider now directly owns 16,449 shares in the company, valued at $878,212.11. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Patrick E. Bowe sold 1,771 shares of Andersons stock in a transaction on Wednesday, March 16th. The stock was sold at an average price of $43.11, for a total value of $76,347.81. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 135,989 shares of company stock valued at $6,228,950. Corporate insiders own 6.10% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. SummerHaven Investment Management LLC raised its holdings in shares of Andersons by 4.5% in the first quarter. SummerHaven Investment Management LLC now owns 31,649 shares of the basic materials company’s stock valued at $1,591,000 after acquiring an additional 1,370 shares in the last quarter. Ziegler Capital Management LLC bought a new stake in shares of Andersons in the first quarter valued at about $1,162,000. Victory Capital Management Inc. raised its holdings in shares of Andersons by 179.8% in the first quarter. Victory Capital Management Inc. now owns 556,866 shares of the basic materials company’s stock valued at $27,980,000 after acquiring an additional 357,848 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Andersons by 58.8% in the first quarter. SG Americas Securities LLC now owns 4,471 shares of the basic materials company’s stock valued at $225,000 after acquiring an additional 1,655 shares in the last quarter. Finally, Navellier & Associates Inc. bought a new stake in shares of Andersons in the first quarter valued at about $660,000. Hedge funds and other institutional investors own 76.85% of the company’s stock.

About Andersons (Get Rating)

The Andersons, Inc, an agriculture company, operates in trade, renewables, and plant nutrient sectors in the United States and internationally. The company's Trade segment operates grain elevators; stores commodities; and provides grain marketing, risk management, and origination services to its customers and affiliated ethanol facilities.

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