The Andersons, Inc. (ANDE) Upgraded to “Sell” by BidaskClub
The Andersons, Inc. (NASDAQ:ANDE) was upgraded by equities research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued to investors on Friday.
A number of other research analysts have also issued reports on ANDE. Stephens lowered shares of The Andersons from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $42.00 to $35.00 in a research note on Monday, August 7th. BMO Capital Markets cut their price target on shares of The Andersons from $41.00 to $39.00 and set a “market perform” rating on the stock in a research note on Monday, May 15th. Finally, Zacks Investment Research upgraded shares of The Andersons from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $40.00.
Shares of The Andersons (NASDAQ:ANDE) traded down 1.06% during midday trading on Friday, hitting $32.65. 118,115 shares of the company traded hands. The stock’s market capitalization is $925.63 million. The company has a 50-day moving average price of $33.78 and a 200-day moving average price of $36.24. The Andersons has a 52 week low of $31.65 and a 52 week high of $44.90.
The Andersons (NASDAQ:ANDE) last posted its earnings results on Thursday, August 3rd. The basic materials company reported $0.54 EPS for the quarter, missing the Zacks’ 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 firm had revenue of $993.70 million for the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the previous year, the company earned $0.51 EPS. The company’s revenue was down 6.6% on a year-over-year basis. Analysts anticipate that The Andersons will post $1.71 earnings per share for the current fiscal year.
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A number of hedge funds and other institutional investors have recently modified their holdings of the stock. State of Alaska Department of Revenue raised its position in shares of The Andersons by 1.8% in the first quarter. State of Alaska Department of Revenue now owns 2,890 shares of the basic materials company’s stock worth $109,000 after buying an additional 50 shares during the last quarter. Fifth Third Bancorp raised its position in shares of The Andersons by 4.6% in the first quarter. Fifth Third Bancorp now owns 3,463 shares of the basic materials company’s stock worth $131,000 after buying an additional 153 shares during the last quarter. Botty Investors LLC bought a new position in shares of The Andersons during the first quarter worth about $142,000. FNY Partners Fund LP bought a new position in shares of The Andersons during the first quarter worth about $189,000. Finally, Sei Investments Co. raised its position in shares of The Andersons by 25.0% in the second quarter. Sei Investments Co. now owns 5,027 shares of the basic materials company’s stock worth $172,000 after buying an additional 1,006 shares during the last quarter. Institutional investors and hedge funds own 74.97% of the company’s stock.
The Andersons Company Profile
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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