The Andersons, Inc. (NASDAQ:ANDE) Receives $85.00 Consensus Target Price from Brokerages

The Andersons, Inc. (NASDAQ:ANDE) has been given a consensus rating of “Buy” by the five ratings firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $85.00.

ANDE has been the subject of several recent analyst reports. The Goldman Sachs Group cut shares of Andersons to a “buy” rating in a research report on Thursday, June 18th. Weiss Ratings raised shares of Andersons from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Texas Capital raised Andersons to a “strong-buy” rating in a research report on Thursday, June 18th. UBS Group set a $90.00 price objective on Andersons in a report on Wednesday, May 20th. Finally, Wall Street Zen raised Andersons from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th.

Insider Buying and Selling

In other Andersons news, Director Patrick E. Bowe sold 16,466 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $80.76, for a total value of $1,329,794.16. Following the completion of the sale, the director owned 78,409 shares of the company’s stock, valued at approximately $6,332,310.84. This trade represents a 17.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 50,966 shares of company stock valued at $4,000,712 in the last three months. Company insiders own 4.30% of the company’s stock.

Hedge Funds Weigh In On Andersons

Several hedge funds and other institutional investors have recently modified their holdings of ANDE. Uniplan Investment Counsel Inc. purchased a new stake in Andersons during the 4th quarter worth approximately $25,000. Optima Capital LLC purchased a new position in shares of Andersons in the fourth quarter worth $32,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Andersons in the second quarter worth $38,000. Larson Financial Group LLC lifted its stake in shares of Andersons by 33,600.0% during the third quarter. Larson Financial Group LLC now owns 1,011 shares of the basic materials company’s stock worth $40,000 after buying an additional 1,008 shares during the period. Finally, Nomura Asset Management Co. Ltd. lifted its stake in shares of Andersons by 95.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 820 shares of the basic materials company’s stock worth $44,000 after buying an additional 400 shares during the period. 87.06% of the stock is owned by hedge funds and other institutional investors.

Andersons Price Performance

ANDE opened at $77.58 on Friday. The firm has a market capitalization of $2.64 billion, a PE ratio of 20.63 and a beta of 0.65. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.37 and a quick ratio of 0.62. The business’s 50-day moving average is $71.43 and its two-hundred day moving average is $68.46. Andersons has a 1 year low of $31.84 and a 1 year high of $82.11.

Andersons (NASDAQ:ANDE) last released its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $1.12 EPS for the quarter, beating the consensus estimate of $0.70 by $0.42. Andersons had a net margin of 1.17% and a return on equity of 10.68%. The business had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.71 billion. During the same period in the prior year, the firm posted $0.12 earnings per share. The company’s quarterly revenue was down 1.2% on a year-over-year basis.

Andersons Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Wednesday, July 1st. Andersons’s dividend payout ratio is currently 21.28%.

Andersons Company Profile

The Andersons, Inc operates as a diversified agriculture company offering a broad range of products and services to farmers, retailers and industrial customers. Through its Grain Group, the company purchases, stores, merchandises and transports corn, soybeans and other commodities, while its Renewables Group produces ethanol and distillers grains at multiple plants in the U.S. The Rail Group provides locomotive leasing, railcar repair and related maintenance services, and the Horticulture Group supplies turf, specialty and horticultural products to landscaping professionals and consumer lawn and garden retailers.

Founded in 1947 and headquartered in Maumee, Ohio, The Andersons has grown from a regional grain elevator operator into an integrated agribusiness platform.