Andersen Group (NYSE:ANDG) Hits New 1-Year High on Analyst Upgrade

Shares of Andersen Group Inc. (NYSE:ANDG) reached a new 52-week high on Tuesday after UBS Group raised their price target on the stock from $32.00 to $34.00. UBS Group currently has a buy rating on the stock. Andersen Group traded as high as $30.27 and last traded at $29.2080, with a volume of 225090 shares changing hands. The stock had previously closed at $28.25.

A number of other research firms have also weighed in on ANDG. William Blair raised shares of Andersen Group to a “strong-buy” rating in a report on Monday, January 12th. Zacks Research raised shares of Andersen Group to a “hold” rating in a research note on Tuesday, January 13th. Morgan Stanley lifted their price objective on shares of Andersen Group from $22.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 18th. Truist Financial raised shares of Andersen Group to a “strong-buy” rating in a research note on Monday, January 12th. Finally, Wells Fargo & Company raised shares of Andersen Group to a “hold” rating in a research note on Monday, January 12th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Andersen Group has an average rating of “Moderate Buy” and an average price target of $33.33.

Institutional Trading of Andersen Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. Wells Fargo & Company MN bought a new stake in shares of Andersen Group in the fourth quarter valued at about $46,000. PNC Financial Services Group Inc. bought a new stake in shares of Andersen Group in the fourth quarter valued at about $215,000. Barclays PLC bought a new stake in shares of Andersen Group in the fourth quarter valued at about $218,000. Voloridge Investment Management LLC bought a new stake in shares of Andersen Group in the fourth quarter valued at about $259,000. Finally, XTX Topco Ltd bought a new stake in shares of Andersen Group in the fourth quarter valued at about $269,000.

Andersen Group Price Performance

The company’s fifty day moving average price is $24.83.

Andersen Group (NYSE:ANDG) last released its quarterly earnings data on Tuesday, March 17th. The company reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.28) by $0.15. The firm had revenue of $170.35 million during the quarter, compared to the consensus estimate of $152.64 million.

Andersen Group Company Profile

Our mission is to deliver exceptional client service grounded in integrity, transparency, and excellence. Since our founding in 2002, we have experienced rapid and sustained growth, powered by our people, our values and our relentless commitment to innovative, client-focused solutions. Building on the rich traditions and culture of the former Arthur Andersen, we are driven by a bold vision to lead in a complex global marketplace, creating lasting value for our clients, our people and our investors.