The Andersons, Inc. (NASDAQ:ANDE) was downgraded by stock analysts at Stephens from an “overweight” rating to an “equal weight” rating in a report issued on Monday, The Fly reports.

Several other brokerages have also recently weighed in on ANDE. BMO Capital Markets reduced their price target on The Andersons from $41.00 to $39.00 and set a “market perform” rating on the stock in a research note on Friday, May 5th. Zacks Investment Research raised The Andersons from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 6th. Finally, BidaskClub cut The Andersons from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The Andersons has a consensus rating of “Hold” and a consensus target price of $41.67.

The Andersons (NASDAQ:ANDE) opened at 34.00 on Monday. The Andersons has a 12-month low of $31.92 and a 12-month high of $44.90. The firm’s 50 day moving average price is $34.28 and its 200-day moving average price is $36.46. The company has a market capitalization of $961.55 million, a PE ratio of 41.82 and a beta of 1.23.

The Andersons (NASDAQ:ANDE) last posted its earnings results on Thursday, August 3rd. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.71 by $0.17. The Andersons had a negative net margin of 0.47% and a positive return on equity of 3.77%. The business had revenue of $993.70 million for the quarter, compared to analysts’ expectations of $1.06 billion. During the same period last year, the firm posted $0.51 earnings per share. The Andersons’s quarterly revenue was down 6.6% on a year-over-year basis. On average, equities analysts anticipate that The Andersons will post $1.59 earnings per share for the current fiscal year.

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Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in The Andersons by 9,971.2% in the first quarter. BlackRock Inc. now owns 3,283,827 shares of the basic materials company’s stock valued at $124,456,000 after buying an additional 3,251,221 shares during the period. Vanguard Group Inc. increased its stake in The Andersons by 6.9% in the first quarter. Vanguard Group Inc. now owns 2,646,241 shares of the basic materials company’s stock valued at $100,292,000 after buying an additional 170,808 shares during the period. Dimensional Fund Advisors LP increased its stake in The Andersons by 8.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,280,900 shares of the basic materials company’s stock valued at $86,446,000 after buying an additional 169,452 shares during the period. Victory Capital Management Inc. increased its stake in The Andersons by 7.0% in the first quarter. Victory Capital Management Inc. now owns 2,013,473 shares of the basic materials company’s stock valued at $76,311,000 after buying an additional 131,363 shares during the period. Finally, Deprince Race & Zollo Inc. increased its stake in The Andersons by 12.0% in the second quarter. Deprince Race & Zollo Inc. now owns 682,678 shares of the basic materials company’s stock valued at $23,313,000 after buying an additional 72,929 shares during the period. 74.97% 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 segments, including Grain, Ethanol, Rail, Plant Nutrient and Retail.

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