Andersons Director Sells $138,256 in Stock (ANDE)
Andersons (NASDAQ:ANDE) Director Catherine M. Kilbane sold 2,289 shares of the company’s stock on the open market in a transaction dated Friday, August 8th. The shares were sold at an average price of $60.40, for a total value of $138,255.60. Following the completion of the sale, the director now directly owns 19,830 shares in the company, valued at approximately $1,197,732. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Andersons (NASDAQ:ANDE) traded up 2.83% during mid-day trading on Monday, hitting $62.46. 467,900 shares of the company’s stock traded hands. Andersons has a one year low of $42.3333 and a one year 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 $1.774 billion and a P/E ratio of 14.98.
Andersons (NASDAQ:ANDE) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $1.56 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.05 earnings per share. Andersons’s revenue was down 16.3% compared to the same quarter last year. On average, analysts predict that Andersons will post $4.03 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at BMO Capital Markets raised their price target on shares of Andersons from $56.00 to $65.00 in a research note on Friday. Separately, 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. Finally, analysts at Feltl & Co. upgraded shares of Andersons from a “hold” rating to a “buy” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $64.75.
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.
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.