Andersons (NASDAQ:ANDE) had its price objective cut by BMO Capital Markets from $34.00 to $28.00 in a research note published on Thursday morning, Stock Target Advisor reports. They currently have a market perform rating on the basic materials company’s stock.
Several other equities research analysts also recently issued reports on the company. Buckingham Research cut their price objective on Andersons to $23.00 and set a neutral rating on the stock in a report on Thursday. BidaskClub upgraded Andersons from a strong sell rating to a sell rating in a report on Wednesday. Finally, Stephens began coverage on Andersons in a report on Monday, October 7th. They issued an equal weight rating and a $21.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The company has a consensus rating of Hold and a consensus target price of $24.00.
Shares of Andersons stock traded down $0.14 on Thursday, reaching $21.09. The company’s stock had a trading volume of 217,000 shares, compared to its average volume of 168,810. Andersons has a 52-week low of $17.40 and a 52-week high of $38.23. The stock has a 50-day moving average price of $20.26 and a 200-day moving average price of $25.36. The company has a market capitalization of $637.66 million, a P/E ratio of 12.94 and a beta of 1.18. The company has a quick ratio of 0.78, a current ratio of 1.36 and a debt-to-equity ratio of 1.03.
Andersons (NASDAQ:ANDE) last announced its quarterly earnings results on Tuesday, November 5th. The basic materials company reported ($0.07) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.12). Andersons had a net margin of 0.49% and a return on equity of 5.25%. The business had revenue of $1.98 billion during the quarter, compared to analyst estimates of $2.10 billion. During the same period last year, the company earned $0.02 EPS. The business’s revenue for the quarter was up 189.2% on a year-over-year basis. Sell-side analysts forecast that Andersons will post 0.65 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 1st were issued a $0.17 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.68 annualized dividend and a dividend yield of 3.22%. Andersons’s dividend payout ratio is presently 41.72%.
Hedge funds have recently bought and sold shares of the stock. Quantamental Technologies LLC purchased a new stake in shares of Andersons in the 2nd quarter valued at $28,000. Tower Research Capital LLC TRC increased its holdings in Andersons by 529.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,171 shares of the basic materials company’s stock worth $49,000 after purchasing an additional 1,826 shares during the period. FNY Investment Advisers LLC purchased a new stake in Andersons during the 3rd quarter worth about $177,000. Municipal Employees Retirement System of Michigan increased its holdings in Andersons by 24.3% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 9,780 shares of the basic materials company’s stock worth $219,000 after purchasing an additional 1,910 shares during the period. Finally, Envestnet Asset Management Inc. increased its holdings in Andersons by 11.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 10,381 shares of the basic materials company’s stock worth $233,000 after purchasing an additional 1,035 shares during the period. Hedge funds and other institutional investors own 75.75% of the company’s stock.
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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