The Andersons Reaches New 52-Week High at $65.62 (ANDE)
The Andersons (NASDAQ:ANDE) shares reached a new 52-week high on Tuesday , Analyst Ratings Network reports. The stock traded as high as $65.62 and last traded at $64.80, with a volume of 149,052 shares. The stock had previously closed at $65.01.
A number of research firms have recently commented on ANDE. Analysts at BMO Capital Markets raised their price target on shares of The Andersons from $56.00 to $65.00 in a research note on Friday, August 8th. Separately, analysts at Zacks reiterated an “outperform” rating on shares of The Andersons in a research note on Friday, August 8th. They now have a $72.00 price target on the stock. Finally, analysts at Feltl & Co. upgraded shares of The Andersons from a “hold” rating to a “buy” rating in a research note on Friday, August 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $64.75.
The stock’s 50-day moving average is $56.31 and its 200-day moving average is $55.61. The company has a market cap of $1.817 billion and a price-to-earnings ratio of 16.06.
The Andersons (NASDAQ:ANDE) last announced its earnings results 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. On average, analysts predict that The Andersons will post $4.36 earnings per share for the current fiscal year.
In other The Andersons news, Insider Dennis J. Addis unloaded 5,000 shares of The Andersons stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $65.25, for a total transaction of $326,250.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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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