Andersons (NASDAQ:ANDE) Price Target Raised to $50.00

Andersons (NASDAQ:ANDE) had its price objective hoisted by equities researchers at BMO Capital Markets from $45.00 to $50.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “market perform” rating on the basic materials company’s stock. BMO Capital Markets’ price target would indicate a potential upside of 3.14% from the company’s current price.

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Andersons in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Andersons currently has a consensus rating of “Moderate Buy” and an average target price of $53.33.

Andersons Trading Up 4.5%

Shares of ANDE stock opened at $48.48 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.01 and a quick ratio of 1.30. The company has a market cap of $1.66 billion, a price-to-earnings ratio of 20.63 and a beta of 0.76. The stock has a 50 day simple moving average of $42.51 and a 200-day simple moving average of $38.77. Andersons has a 1-year low of $31.03 and a 1-year high of $51.58.

Andersons (NASDAQ:ANDE) last announced its earnings results on Tuesday, November 4th. The basic materials company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.38. The business had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.85 billion. Andersons had a return on equity of 5.28% and a net margin of 0.70%.The business’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.80 EPS. On average, equities research analysts expect that Andersons will post 3.11 EPS for the current fiscal year.

Institutional Trading of Andersons

Several large investors have recently added to or reduced their stakes in the stock. Amalgamated Bank grew its holdings in Andersons by 3.9% in the 3rd quarter. Amalgamated Bank now owns 9,524 shares of the basic materials company’s stock valued at $379,000 after buying an additional 356 shares in the last quarter. SummerHaven Investment Management LLC grew its holdings in Andersons by 2.2% in the 2nd quarter. SummerHaven Investment Management LLC now owns 16,967 shares of the basic materials company’s stock valued at $624,000 after buying an additional 371 shares in the last quarter. Summit Place Financial Advisors LLC grew its holdings in Andersons by 1.7% in the 3rd quarter. Summit Place Financial Advisors LLC now owns 23,032 shares of the basic materials company’s stock valued at $917,000 after buying an additional 390 shares in the last quarter. Croban grew its holdings in Andersons by 1.6% in the 2nd quarter. Croban now owns 25,026 shares of the basic materials company’s stock valued at $920,000 after buying an additional 402 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in Andersons by 1.3% in the 1st quarter. Nisa Investment Advisors LLC now owns 31,542 shares of the basic materials company’s stock valued at $1,354,000 after buying an additional 408 shares in the last quarter. 87.06% of the stock is currently owned by hedge funds and other institutional investors.

About Andersons

The Andersons, Inc operates in trade, renewables, and nutrient and industrial sectors in the United States, Canada, Mexico, Egypt, Switzerland, and internationally. It operates through three segments: Trade, Renewables, and Nutrient & Industrial. The company’s Trade segment operates grain elevators; stores commodities; and provides grain marketing, risk management, and origination services, as well as sells commodities, such as corn, soybeans, wheat, oats, ethanol, and corn oil.