The Andersons, Inc. (NASDAQ:ANDE) Given Consensus Rating of “Buy” by Brokerages

The Andersons, Inc. (NASDAQ:ANDEGet Rating) has earned a consensus rating of “Buy” from the eight research firms that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $51.00.

ANDE has been the subject of a number of recent analyst reports. Zacks Investment Research lowered shares of Andersons from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 3rd. StockNews.com cut shares of Andersons from a “buy” rating to a “hold” rating in a research note on Monday, April 11th. Lake Street Capital lifted their price objective on shares of Andersons from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, March 25th. Finally, BMO Capital Markets lowered their price objective on shares of Andersons from $50.00 to $45.00 and set a “hold” rating on the stock in a research note on Thursday.

Shares of ANDE opened at $38.73 on Friday. The firm has a 50-day moving average price of $49.61 and a 200 day moving average price of $41.72. The firm has a market capitalization of $1.32 billion, a PE ratio of 13.93 and a beta of 0.60. The company has a quick ratio of 0.63, a current ratio of 1.29 and a debt-to-equity ratio of 0.43. Andersons has a 52-week low of $25.20 and a 52-week high of $59.00.

Andersons (NASDAQ:ANDEGet Rating) last announced its earnings results on Tuesday, February 15th. The basic materials company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.56. The firm had revenue of $3.78 billion during the quarter, compared to analyst estimates of $2.63 billion. Andersons had a net margin of 0.67% and a return on equity of 7.41%. During the same quarter in the prior year, the firm posted $0.59 EPS. On average, equities analysts expect that Andersons will post 2.63 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, April 22nd. Shareholders of record on Friday, April 1st were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend was Thursday, March 31st. Andersons’s payout ratio is 25.90%.

In related news, CEO Patrick E. Bowe sold 25,593 shares of the firm’s stock in a transaction that occurred on Wednesday, February 23rd. The shares were sold at an average price of $41.37, for a total transaction of $1,058,782.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Patrick E. Bowe sold 24,375 shares of the firm’s stock in a transaction that occurred on Friday, February 25th. The stock was sold at an average price of $43.50, for a total transaction of $1,060,312.50. The disclosure for this sale can be found here. Over the last quarter, insiders 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 bought and sold shares of the stock. BlackRock Inc. boosted its holdings in shares of Andersons by 6.8% during the fourth quarter. BlackRock Inc. now owns 5,529,734 shares of the basic materials company’s stock worth $214,057,000 after purchasing an additional 353,839 shares during the period. State Street Corp lifted its stake in Andersons by 2.3% in the fourth quarter. State Street Corp now owns 1,110,379 shares of the basic materials company’s stock valued at $43,182,000 after acquiring an additional 24,825 shares during the last quarter. Private Management Group Inc. lifted its stake in Andersons by 8.3% in the third quarter. Private Management Group Inc. now owns 1,002,313 shares of the basic materials company’s stock valued at $30,901,000 after acquiring an additional 76,914 shares during the last quarter. Invesco Ltd. lifted its stake in Andersons by 10.2% in the fourth quarter. Invesco Ltd. now owns 718,104 shares of the basic materials company’s stock valued at $27,798,000 after acquiring an additional 66,717 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Andersons by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 569,128 shares of the basic materials company’s stock valued at $22,030,000 after acquiring an additional 5,896 shares during the last quarter. Institutional investors and hedge funds own 76.85% of the company’s stock.

Andersons Company Profile (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.

Further Reading

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