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Investment analysts at BMO Capital Markets increased their target price on shares of Andersons (NASDAQ:ANDE) from $56.00 to $65.00 in a note issued to investors on Friday. BMO Capital Markets’ price target would indicate a potential upside of 7.03% from the company’s current price.

Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated an “outperform” rating on shares of Andersons in a research note on Friday. They now have a $72.00 price target on the stock. Separately, analysts at Feltl & Co. upgraded shares of Andersons from a “hold” rating to a “buy” rating in a research note on Friday. Finally, analysts at BB&T Corp. upgraded shares of Andersons from a “hold” rating to a “buy” rating in a research note on Friday, July 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $64.75.

Shares of Andersons (NASDAQ:ANDE) opened at 60.74 on Friday. Andersons has a 52-week low of $42.3333 and a 52-week high of $65.28. The stock’s 50-day moving average is $54.21 and its 200-day moving average is $55.26. The company has a market cap of $1.701 billion and a price-to-earnings ratio of 18.91.

Andersons (NASDAQ:ANDE) last posted its earnings results on Wednesday, August 6th. The company reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.40. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the previous year, the company posted $1.05 earnings per share. The company’s revenue for the quarter was down 16.3% on a year-over-year basis. On average, analysts predict that Andersons will post $3.63 earnings per share for the current fiscal year.

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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