Andersons (NASDAQ:ANDE) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Sunday.
ANDE has been the topic of several other reports. ValuEngine cut shares of Andersons from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Zacks Investment Research cut shares of Andersons from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 1st. TheStreet cut shares of Andersons from a “b-” rating to a “c” rating in a research note on Monday, May 7th. Finally, BMO Capital Markets dropped their price objective on shares of Andersons from $38.00 to $36.00 and set a “market perform” rating on the stock in a research note on Wednesday, May 9th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Andersons has a consensus rating of “Hold” and a consensus price target of $35.50.
Shares of Andersons stock opened at $35.00 on Friday. The firm has a market capitalization of $986.26 million, a PE ratio of 30.43 and a beta of 1.19. Andersons has a 12 month low of $29.60 and a 12 month high of $38.00. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.44 and a current ratio of 1.23.
Andersons (NASDAQ:ANDE) last announced its quarterly earnings data on Monday, May 7th. The basic materials company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.14). The firm had revenue of $635.74 million during the quarter. Andersons had a net margin of 1.23% and a return on equity of 4.29%. equities research analysts expect that Andersons will post 1.75 EPS for the current fiscal year.
Institutional investors and hedge funds have recently made changes to their positions in the business. Schwab Charles Investment Management Inc. increased its stake in Andersons by 0.7% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 349,347 shares of the basic materials company’s stock valued at $10,883,000 after buying an additional 2,508 shares during the period. Citigroup Inc. boosted its position in shares of Andersons by 73.0% during the 1st quarter. Citigroup Inc. now owns 13,592 shares of the basic materials company’s stock worth $450,000 after purchasing an additional 5,737 shares in the last quarter. BlackRock Inc. boosted its position in shares of Andersons by 1.0% during the 4th quarter. BlackRock Inc. now owns 3,419,407 shares of the basic materials company’s stock worth $106,514,000 after purchasing an additional 34,387 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Andersons by 13.9% during the 4th quarter. Rhumbline Advisers now owns 67,671 shares of the basic materials company’s stock worth $2,108,000 after purchasing an additional 8,258 shares in the last quarter. Finally, Snow Capital Management LP boosted its position in shares of Andersons by 3.8% during the 4th quarter. Snow Capital Management LP now owns 66,201 shares of the basic materials company’s stock worth $2,062,000 after purchasing an additional 2,396 shares in the last quarter. 79.11% of the stock is currently owned by institutional investors.
Andersons Company Profile
The Andersons, Inc, an agriculture company, operates in the grain, ethanol, plant nutrient, and rail sectors in the United States and internationally. The company's Grain segment operates grain elevators; stores grains; and provides grain marketing, risk management, and corn origination services to its customers and affiliated ethanol facilities.
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