The Andersons Inc. (NASDAQ:ANDE) Receives Consensus Rating of “Hold” from Analysts
Shares of The Andersons Inc. (NASDAQ:ANDE) have been assigned an average recommendation of “Hold” from the six brokerages that are currently covering the stock. Four analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $39.00.
Several brokerages have recently weighed in on ANDE. Zacks Investment Research downgraded shares of The Andersons from a “buy” rating to a “hold” rating in a research report on Monday, August 1st. Macquarie restated a “buy” rating and set a $42.00 price objective (up previously from $36.00) on shares of The Andersons in a research report on Monday, June 6th.
The Andersons (NASDAQ:ANDE) traded down 0.78% during trading on Wednesday, reaching $34.13. 60,894 shares of the company’s stock traded hands. The Andersons has a one year low of $23.25 and a one year high of $38.74. The stock’s market cap is $963.35 million. The firm’s 50 day moving average price is $36.32 and its 200-day moving average price is $33.88.
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The Andersons (NASDAQ:ANDE) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.58 by $0.07. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.24 billion. The Andersons had a positive return on equity of 0.45% and a negative net margin of 1.19%. The firm’s quarterly revenue was down 10.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.09 EPS. On average, equities analysts anticipate that The Andersons will post $0.96 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 24th. Stockholders of record on Monday, October 3rd will be issued a $0.155 dividend. The ex-dividend date is Thursday, September 29th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.80%. The Andersons’s payout ratio is -35.84%.
Several institutional investors have recently made changes to their positions in ANDE. Vanguard Group Inc. boosted its position in shares of The Andersons by 2.2% in the second quarter. Vanguard Group Inc. now owns 2,317,697 shares of the company’s stock worth $82,371,000 after buying an additional 49,277 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of The Andersons by 4.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,015,475 shares of the company’s stock valued at $71,629,000 after buying an additional 79,149 shares in the last quarter. BlackRock Fund Advisors boosted its position in shares of The Andersons by 1.9% in the second quarter. BlackRock Fund Advisors now owns 1,722,640 shares of the company’s stock valued at $61,223,000 after buying an additional 32,500 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of The Andersons by 16.1% in the second quarter. Victory Capital Management Inc. now owns 1,624,255 shares of the company’s stock valued at $57,726,000 after buying an additional 225,625 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its position in shares of The Andersons by 1.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 674,713 shares of the company’s stock valued at $21,193,000 after buying an additional 9,676 shares in the last quarter. 74.86% of the stock is currently owned by institutional investors and hedge funds.
About The Andersons
The Andersons, Inc is a diversified company. The Company conducts business across North America in the grain, ethanol, plant nutrient and rail sectors. The Company also produces turf and cob products, and has a consumer retailing presence. The Company operates through five segments: Grain, Ethanol, Rail, Plant Nutrient and Retail.
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