Andersen Group (NYSE:ANDG) Sets New 52-Week High on Analyst Upgrade

Andersen Group Inc. (NYSE:ANDG)’s share price hit a new 52-week high on Tuesday after UBS Group raised their price target on the stock from $32.00 to $34.00. UBS Group currently has a buy rating on the stock. Andersen Group traded as high as $30.27 and last traded at $29.2080, with a volume of 225090 shares. The stock had previously closed at $28.25.

Several other analysts have also recently weighed in on ANDG. Morgan Stanley lifted their price objective on shares of Andersen Group from $22.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 18th. Weiss Ratings began coverage on shares of Andersen Group in a research note on Monday, April 6th. They issued a “sell (e)” rating for the company. William Blair raised shares of Andersen Group to a “strong-buy” rating in a report on Monday, January 12th. Robert W. Baird raised their target price on shares of Andersen Group from $40.00 to $42.00 and gave the company an “outperform” rating in a report on Wednesday, March 18th. Finally, Truist Financial raised shares of Andersen Group to a “strong-buy” rating in a report on Monday, January 12th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Andersen Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.33.

Hedge Funds Weigh In On Andersen Group

Several hedge funds have recently bought and sold shares of ANDG. Teacher Retirement System of Texas bought a new position in Andersen Group in the 4th quarter valued at about $4,278,000. PNC Financial Services Group Inc. bought a new position in Andersen Group in the 4th quarter valued at about $215,000. Royce & Associates LP bought a new position in Andersen Group in the 4th quarter valued at about $19,948,000. Seven Grand Managers LLC bought a new stake in shares of Andersen Group during the 4th quarter valued at approximately $12,965,000. Finally, Goldman Sachs Group Inc. bought a new stake in shares of Andersen Group during the 4th quarter valued at approximately $10,420,000.

Andersen Group Stock Performance

The company’s fifty day moving average is $24.38.

Andersen Group (NYSE:ANDG) last announced its quarterly earnings results on Tuesday, March 17th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.28) by $0.15. The company had revenue of $170.35 million for the quarter, compared to the consensus estimate of $152.64 million.

About Andersen Group

Our mission is to deliver exceptional client service grounded in integrity, transparency, and excellence. Since our founding in 2002, we have experienced rapid and sustained growth, powered by our people, our values and our relentless commitment to innovative, client-focused solutions. Building on the rich traditions and culture of the former Arthur Andersen, we are driven by a bold vision to lead in a complex global marketplace, creating lasting value for our clients, our people and our investors.