Andersons Upgraded by Stephens to “Overweight” (ANDE)
Andersons (NASDAQ:ANDE) was upgraded by investment analysts at Stephens from an “equal weight” rating to an “overweight” rating in a note issued to investors on Thursday, TheFlyOnTheWall.com reports.
Shares of Andersons (NASDAQ:ANDE) opened at 82.90 on Thursday. Andersons has a 52 week low of $42.75 and a 52 week high of $93.42. The stock’s 50-day moving average is $85.31 and its 200-day moving average is $75.28. The company has a market cap of $1.548 billion and a P/E ratio of 19.60.
A number of other firms have also recently commented on ANDE. Analysts at Stifel Nicolaus initiated coverage on shares of Andersons in a research note to investors on Thursday, January 9th. They set a “hold” rating on the stock. Separately, 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. Finally, 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 equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $78.80.
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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