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.
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.