Share on StockTwits

Stock analysts at Stifel Nicolaus began coverage on shares of Andersons (NASDAQ:ANDE) in a report issued on Thursday, 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.

The Fly On The Wall

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.