Shares of Andersons Inc (NASDAQ:ANDE) have earned a consensus recommendation of “Hold” from the five analysts that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $30.00.
Several research firms recently commented on ANDE. Buckingham Research set a $30.00 price target on Andersons and gave the stock a “hold” rating in a research report on Wednesday, June 5th. BidaskClub raised Andersons from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 13th. Finally, TheStreet lowered Andersons from a “b” rating to a “c” rating in a research report on Tuesday, May 7th.
Several institutional investors and hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp raised its position in shares of Andersons by 2.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 455,674 shares of the basic materials company’s stock valued at $12,413,000 after purchasing an additional 11,265 shares in the last quarter. Rutabaga Capital Management LLC MA raised its position in shares of Andersons by 0.5% in the 2nd quarter. Rutabaga Capital Management LLC MA now owns 366,141 shares of the basic materials company’s stock valued at $9,974,000 after purchasing an additional 1,794 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Andersons by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 299,930 shares of the basic materials company’s stock valued at $8,964,000 after purchasing an additional 8,323 shares in the last quarter. Bank of Montreal Can raised its position in shares of Andersons by 1.2% in the 2nd quarter. Bank of Montreal Can now owns 225,294 shares of the basic materials company’s stock valued at $6,137,000 after purchasing an additional 2,724 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in shares of Andersons by 56.9% in the 4th quarter. Millennium Management LLC now owns 214,392 shares of the basic materials company’s stock valued at $6,408,000 after acquiring an additional 77,736 shares during the last quarter. 75.06% of the stock is currently owned by institutional investors.
Andersons stock traded down $0.44 during midday trading on Monday, hitting $25.08. 171,500 shares of the company were exchanged, compared to its average volume of 120,712. The stock has a fifty day simple moving average of $26.52. The company has a market cap of $856.05 million, a P/E ratio of 16.26 and a beta of 1.30. The company has a current ratio of 1.36, a quick ratio of 0.59 and a debt-to-equity ratio of 1.03. Andersons has a fifty-two week low of $24.01 and a fifty-two week high of $41.60.
Andersons (NASDAQ:ANDE) last released its quarterly earnings results on Tuesday, August 6th. The basic materials company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.67 by $0.31. The firm had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.37 billion. Andersons had a return on equity of 5.29% and a net margin of 0.64%. Andersons’s revenue for the quarter was up 155.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.76 EPS.
The Andersons, Inc, an agriculture company, operates in the grain, ethanol, plant nutrient, and rail sectors in the United States and internationally. The company's Grain 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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