The Andersons CEO Unloads $191,700 in Stock (ANDE)
The Andersons (NASDAQ:ANDE) CEO Michael J. Anderson sold 3,000 shares of The Andersons stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $63.90, for a total transaction of $191,700.00. Following the sale, the chief executive officer now directly owns 13,400 shares of the company’s stock, valued at approximately $856,260. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. 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 Andersons has a consensus rating of “Buy” and an average price target of $64.75.
The Andersons (NASDAQ:ANDE) traded up 0.03% on Thursday, hitting $64.74. The stock had a trading volume of 127,871 shares. The Andersons has a 1-year low of $42.4533 and a 1-year high of $65.62. The stock’s 50-day moving average is $57.00 and its 200-day moving average is $55.74. The company has a market cap of $1.829 billion and a price-to-earnings ratio of 15.98.
The Andersons (NASDAQ:ANDE) last announced 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. Analysts expect that The Andersons will post $4.36 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.
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.