The Andersons Given Consensus Recommendation of “Buy” by Analysts (NASDAQ:ANDE)
Shares of The Andersons (NASDAQ:ANDE) have been given a consensus recommendation of “Buy” by the nine brokerages that are covering the stock, AnalystRatingsNetwork reports. 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 company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $64.75.
The Andersons (NASDAQ:ANDE) traded up 0.10% on Thursday, hitting $67.01. The stock had a trading volume of 54,311 shares. The Andersons has a one year low of $42.4533 and a one year high of $67.87. The stock has a 50-day moving average of $58.55 and a 200-day moving average of $56.17. The company has a market cap of $1.893 billion and a price-to-earnings ratio of 16.53. The Andersons also was the recipient of a large drop in short interest in the month of August. As of August 15th, there was short interest totalling 679,091 shares, a drop of 30.0% from the July 31st total of 970,657 shares. Based on an average trading volume of 340,366 shares, the short-interest ratio is currently 2.0 days. Approximately 2.6% of the shares of the stock are short sold.
The Andersons (NASDAQ:ANDE) last posted its quarterly 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.
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.
In other The Andersons news, VP Anne G. Rex unloaded 1,500 shares of the stock on the open market in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $66.69, for a total transaction of $100,035.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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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