The Andersons Now Covered by Analysts at Janney Montgomery Scott (ANDE)
Shares of The Andersons (NASDAQ:ANDE) traded up 0.48% during mid-day trading on Thursday, hitting $68.6001. 167,034 shares of the company’s stock traded hands. The Andersons has a 1-year low of $42.4533 and a 1-year high of $69.00. The stock has a 50-day moving average of $60.51 and a 200-day moving average of $56.56. The company has a market cap of $1.938 billion and a price-to-earnings ratio of 16.86. The Andersons also was the recipient of a large drop in short interest during 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 daily trading volume, of 340,366 shares, the short-interest ratio is currently 2.0 days. Currently, 2.6% of the company’s stock are sold short.
The Andersons (NASDAQ:ANDE) last issued its quarterly earnings data 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.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 22nd. Stockholders of record on Wednesday, October 1st will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.64%. The ex-dividend date is Monday, September 29th.
Other equities research analysts have also recently issued reports about 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 research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $64.75.
In other The Andersons news, VP Anne G. Rex unloaded 1,500 shares of The Andersons stock 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 filing 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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