Andersons Upgraded to “Buy” at BB&T Corp. (ANDE)
Other equities research analysts have also recently issued reports about the stock. Analysts at Macquarie upgraded shares of Andersons from a “neutral” rating to an “outperform” rating in a research note on Wednesday, June 4th. They now have a $58.00 price target on the stock. Separately, analysts at BMO Capital Markets upgraded shares of Andersons from a “market perform” rating to an “outperform” rating in a research note on Wednesday, May 28th. They now have a $56.00 price target on the stock, up previously from $55.00. Finally, analysts at Feltl & Co. downgraded shares of Andersons from a “buy” rating to a “hold” rating in a research note on Friday, May 9th. They now have a $51.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $61.20.
Andersons (NASDAQ:ANDE) opened at 52.82 on Friday. Andersons has a 52-week low of $37.78 and a 52-week high of $65.28. The stock has a 50-day moving average of $52.26 and a 200-day moving average of $55.36. The company has a market cap of $1.487 billion and a price-to-earnings ratio of 15.12.
Andersons (NASDAQ:ANDE) last released its earnings data on Wednesday, May 7th. The company reported $0.80 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.03 by $0.23. The company had revenue of $1.00 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the prior year, the company posted $0.45 earnings per share. The company’s quarterly revenue was down 21.1% on a year-over-year basis. Analysts expect that Andersons will post $3.59 EPS for the current fiscal year.
In other Andersons news, CEO Michael J. Anderson sold 3,000 shares of the company’s stock on the open market in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $53.27, for a total transaction of $159,810.00. The sale was disclosed in a filing with the SEC, which is available at this link.
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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