The Andersons Insider Dennis J. Addis Sells 4,769 Shares (ANDE)
The Andersons (NASDAQ:ANDE) Insider Dennis J. Addis sold 4,769 shares of The Andersons stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $65.50, for a total transaction of $312,369.50. Following the sale, the insider now directly owns 3,600 shares of the company’s stock, valued at approximately $235,800. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
The Andersons (NASDAQ:ANDE) traded up 0.87% on Tuesday, hitting $66.89. 200,709 shares of the company’s stock traded hands. The Andersons has a 52-week low of $42.4533 and a 52-week high of $66.81. The stock’s 50-day moving average is $57.93 and its 200-day moving average is $56.01. The company has a market cap of $1.890 billion and a price-to-earnings ratio of 16.38.
The 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. The Andersons’s revenue was down 16.3% compared to the same quarter last year. Analysts expect that The Andersons will post $4.36 EPS for the current fiscal year.
ANDE has been the subject of a number of recent research reports. 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 equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. The Andersons currently has a consensus rating of “Buy” and an average price target 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.
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