The Andersons (NASDAQ:ANDE) Lowered to “Market Perform” at BMO Capital Markets


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The Andersons (NASDAQ:ANDE) was downgraded by equities research analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a report released on Monday, AR Network reports. They currently have a $26.00 price target on the basic materials company’s stock, up from their previous price target of $24.00. BMO Capital Markets’ price target suggests a potential upside of 3.26% from the stock’s current price.

Other research analysts have also recently issued reports about the stock. Seaport Global Securities upgraded shares of The Andersons from a “neutral” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Thursday, September 24th. National Securities reiterated a “buy” rating and issued a $24.00 price objective on shares of The Andersons in a report on Friday, October 16th. BidaskClub upgraded shares of The Andersons from a “hold” rating to a “buy” rating in a report on Thursday. Finally, Zacks Investment Research cut shares of The Andersons from a “hold” rating to a “sell” rating in a report on Thursday, December 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $24.60.

The Andersons stock opened at $25.18 on Monday. The firm has a 50 day simple moving average of $23.40 and a 200-day simple moving average of $19.18. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.40 and a quick ratio of 0.72. The stock has a market capitalization of $830.39 million, a PE ratio of -359.71 and a beta of 0.74. The Andersons has a 12-month low of $10.00 and a 12-month high of $26.01.

The Andersons (NASDAQ:ANDE) last posted its quarterly earnings data on Sunday, November 8th. The basic materials company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.05. The business had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.93 billion. The Andersons had a negative net margin of 0.02% and a positive return on equity of 0.17%. On average, analysts forecast that The Andersons will post 0.14 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of ANDE. Point72 Hong Kong Ltd acquired a new position in The Andersons in the 2nd quarter worth approximately $44,000. Cutler Group LP purchased a new stake in The Andersons in the 3rd quarter worth approximately $61,000. Public Employees Retirement System of Ohio lifted its position in The Andersons by 15.9% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 6,893 shares of the basic materials company’s stock worth $95,000 after buying an additional 948 shares in the last quarter. Pathstone Family Office LLC purchased a new stake in The Andersons in the 3rd quarter worth approximately $124,000. Finally, Meeder Asset Management Inc. lifted its position in The Andersons by 27,207.7% in the 3rd quarter. Meeder Asset Management Inc. now owns 7,100 shares of the basic materials company’s stock worth $135,000 after buying an additional 7,074 shares in the last quarter. Hedge funds and other institutional investors own 72.44% of the company’s stock.

The Andersons Company Profile

The Andersons, Inc, an agriculture company, operates in the trade, ethanol, plant nutrient, and rail sectors in the United States and internationally. The company's Trade segment operates grain elevators; stores grains; and provides grain marketing, risk management, and corn origination services to its customers and affiliated ethanol facilities.

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