Andersons VP Sells $160,066 in Stock (ANDE)
Andersons (NASDAQ:ANDE) VP Naran Uchur Burchinow sold 2,662 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 $60.13, for a total value of $160,066.06. Following the transaction, the vice president now directly owns 2,950 shares in the company, valued at approximately $177,384. The sale was disclosed in a document filed with the SEC, which is available at this link.
A number of analysts have recently weighed in on ANDE shares. 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 analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $64.75.
Andersons (NASDAQ:ANDE) traded up 2.83% during mid-day trading on Monday, hitting $62.46. 466,938 shares of the company’s stock traded hands. 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 $1.774 billion and a P/E ratio of 14.98.
Andersons (NASDAQ:ANDE) last released its earnings data on Wednesday, August 6th. The company reported $1.56 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $1.05 earnings per share. The company’s quarterly revenue was down 16.3% on a year-over-year basis. Analysts expect that Andersons will post $4.03 EPS 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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