Andersen Group Inc. (NYSE:ANDG) Receives $33.33 Average PT from Analysts

Andersen Group Inc. (NYSE:ANDG) has received an average recommendation of “Moderate Buy” from the eight brokerages that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, two have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $33.3333.

A number of research firms recently weighed in on ANDG. Zacks Research raised shares of Andersen Group to a “hold” rating in a research report on Tuesday, January 13th. Weiss Ratings began coverage on shares of Andersen Group in a research report on Monday, April 6th. They set a “sell (e)” rating for the company. Morgan Stanley increased 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 report on Wednesday, March 18th. Robert W. Baird increased their price objective on shares of Andersen Group from $40.00 to $42.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 18th. Finally, Wells Fargo & Company raised shares of Andersen Group to a “hold” rating in a research report on Monday, January 12th.

Hedge Funds Weigh In On Andersen Group

A number of hedge funds have recently made changes to their positions in the stock. Corient Private Wealth LLC purchased a new position in shares of Andersen Group during the 4th quarter worth approximately $357,000. XTX Topco Ltd purchased a new position in Andersen Group in the 4th quarter valued at approximately $269,000. Voloridge Investment Management LLC purchased a new position in Andersen Group in the 4th quarter valued at approximately $259,000. Tudor Investment Corp ET AL purchased a new position in Andersen Group in the 4th quarter valued at approximately $3,748,000. Finally, Polymer Capital Management US LLC purchased a new position in Andersen Group in the 4th quarter valued at approximately $648,000.

Andersen Group Price Performance

Shares of NYSE ANDG opened at $33.90 on Friday. The business’s 50 day moving average price is $27.11. Andersen Group has a 1 year low of $18.12 and a 1 year high of $36.71.

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, topping analysts’ consensus estimates of ($0.28) by $0.15. The firm had revenue of $170.35 million for the quarter, compared to analyst estimates of $152.64 million. On average, sell-side analysts expect that Andersen Group will post 0.23 EPS for the current fiscal year.

Andersen Group Company Profile

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.