Andersons Now Covered by Stifel Nicolaus (ANDE)
Stock analysts at Stifel Nicolaus began coverage on shares of Andersons (NASDAQ:ANDE) in a report issued on Thursday, TheFlyOnTheWall.com reports. The firm set a “hold” rating on the stock.
The analysts wrote, “We expect a large crop output from the 2013/2014 U.S. planting season to improve revenue and margins in ANDE’s grain handling business,” the report noted. “The USDA estimates U.S. corn production of 14.0 billion bushels, up 29.8% y/y, and soybean production of 3.3 billion bushels, up 7.4% y/y. As a result of the large harvest, we estimate 2014 revenue from ANDE’s Grain segment will increase 5.0% y/y to $3.7 billion and EBT margin will improve from 1.6% in 2013 to 3.0% in 2014.”
A number of other analysts have also recently weighed in on ANDE. Analysts at Ned Davis Research downgraded shares of Andersons from a “buy” rating to a “neutral” rating in a research note to investors on Monday, December 30th. Separately, analysts at Macquarie initiated coverage on shares of Andersons in a research note to investors on Tuesday, December 17th. They set a “neutral” rating on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $78.80.
Shares of Andersons (NASDAQ:ANDE) opened at 87.67 on Thursday. Andersons has a 1-year low of $42.75 and a 1-year high of $93.42. The stock has a 50-day moving average of $87.57 and a 200-day moving average of $71.57. The company has a market cap of $1.637 billion and a P/E ratio of 22.19.
Andersons (NASDAQ:ANDE) last announced its earnings results on Thursday, November 7th. The company reported $0.91 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.61 by $0.30. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter last year, the company posted $0.90 earnings per share. Andersons’s revenue was up 3.8% compared to the same quarter last year. Analysts expect that Andersons will post $4.66 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, January 23rd. Investors of record on Thursday, January 2nd will be given a dividend of 0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend is Monday, December 30th. This is an increase from Andersons’s previous quarterly dividend of $0.16.
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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