The Andersons, Inc. (NASDAQ:ANDE) Receives Average Rating of “Buy” from Analysts

The Andersons, Inc. (NASDAQ:ANDEGet Rating) has been given an average recommendation of “Buy” by the eight ratings firms that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $51.00.

A number of research firms recently issued reports on ANDE. Zacks Investment Research raised Andersons from a “sell” rating to a “hold” rating in a research report on Monday, May 23rd. BMO Capital Markets lowered their target price on Andersons from $50.00 to $45.00 and set a “hold” rating on the stock in a research report on Thursday, May 5th. Lake Street Capital lifted their target price on Andersons from $50.00 to $60.00 and gave the company 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.

Shares of Andersons stock opened at $37.35 on Thursday. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of 13.44 and a beta of 0.60. The stock’s 50-day moving average is $46.62 and its 200-day moving average is $41.86. Andersons has a one year low of $25.20 and a one year high of $59.00. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.29 and a quick ratio of 0.65.

Andersons (NASDAQ:ANDEGet Rating) last issued its quarterly earnings results on Tuesday, May 3rd. The basic materials company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.48). The firm had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $2.82 billion. Andersons had a net margin of 0.67% and a return on equity of 7.41%. On average, equities analysts expect that Andersons will post 2.92 EPS for the current year.

In other news, insider William E. Krueger sold 28,000 shares of the company’s stock in a transaction that occurred on Thursday, March 17th. The stock was sold at an average price of $44.51, for a total value of $1,246,280.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider William E. Krueger sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, March 7th. The shares were sold at an average price of $49.26, for a total value of $197,040.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 69,771 shares of company stock worth $3,382,668. Company insiders own 6.10% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Federated Hermes Inc. grew its position in shares of Andersons by 762.0% in the first quarter. Federated Hermes Inc. now owns 681 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 602 shares during the last quarter. Baystate Wealth Management LLC acquired a new position in shares of Andersons in the fourth quarter valued at approximately $31,000. Catalyst Capital Advisors LLC acquired a new position in shares of Andersons in the first quarter valued at approximately $44,000. Asset Dedication LLC acquired a new position in shares of Andersons in the first quarter valued at approximately $96,000. Finally, Captrust Financial Advisors grew its position in shares of Andersons by 29.1% in the third quarter. Captrust Financial Advisors now owns 2,427 shares of the basic materials company’s stock valued at $75,000 after purchasing an additional 547 shares during the last quarter. 76.85% of the stock is currently owned by institutional investors.

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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