Andersons PT Raised to $64.00 at Scotiabank (ANDE)
Equities research analysts at Scotiabank lifted their price target on shares of Andersons (NASDAQ:ANDE) from $61.00 to $64.00 in a research note issued to investors on Friday, Analyst Ratings Network.com reports. The firm currently has a “sector underperform” rating on the stock. Scotiabank’s target price points to a potential downside of 7.33% from the company’s current price.
A number of other analysts have also recently weighed in on ANDE. 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. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $71.00.
Shares of Andersons (NASDAQ:ANDE) traded down 2.00% during mid-day trading on Friday, hitting $69.06. 141,880 shares of the company’s stock traded hands. Andersons has a 1-year low of $35.45 and a 1-year high of $71.98. The stock’s 50-day moving average is $67.46 and its 200-day moving average is $57.35. The company has a market cap of $1.289 billion and a P/E ratio of 17.93.
Andersons (NASDAQ:ANDE) last released its earnings data on Tuesday, August 6th. The company reported $1.57 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.56 earnings per share. Andersons’s revenue was up 19.1% compared to the same quarter last year. On average, analysts predict that Andersons will post $4.16 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, October 22nd. Investors of record on Tuesday, October 1st will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 0.93%. The ex-dividend date 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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