Andersons Inc. Sets New 1-Year High at $70.62 (ANDE)
Andersons (NASDAQ:ANDE) set a new 52-week high during trading on Wednesday, ARN reports. The stock traded as high as $70.62 and last traded at $69.86, with a volume of 58,530 shares. The stock had previously closed at $68.92.
A number of analysts have recently weighed in on ANDE shares. Analysts at Zacks upgraded shares of Andersons (NASDAQ:ANDE) from a “neutral” rating to an “outperform” rating in a research note to investors on Friday, September 6th. They now have a $81.00 price target on the stock. Separately, analysts at BB&T Corp. downgraded shares of Andersons (NASDAQ:ANDE) from a “buy” rating to a “hold” rating in a research note to investors on Friday, September 6th. They now have a $72.00 price target on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of Andersons (NASDAQ:ANDE) from $52.00 to $70.00 in a research note to investors on Thursday, August 8th. They now have a “market perform” rating on the stock.
Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $69.60.
Andersons has a 52-week low of $35.45 and a 52-week high of $69.73. The stock’s 50-day moving average is $65.50 and its 200-day moving average is $56.4. The company has a market cap of $1.309 billion and a P/E ratio of 17.53.
Andersons (NASDAQ:ANDE) last released its earnings data on Tuesday, August 6th. The company reported $1.57 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.54 by $0.03. The company had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the prior year, the company posted $1.56 earnings per share. The company’s quarterly revenue was up 19.1% on a year-over-year basis. Analysts expect that Andersons will post $4.16 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, October 22nd. Investors of record on Tuesday, October 1st will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend is Friday, September 27th.
The Andersons, Inc is a diversified company engaged in agriculture business. The Company conducts business across North America in the grain, ethanol, and plant nutrient sectors, railcar leasing, turf and cob products, and consumer retailing.
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