Truist Financial Issues Positive Forecast for Andersen Group (NYSE:ANDG) Stock Price

Andersen Group (NYSE:ANDG) had its price target hoisted by equities researchers at Truist Financial from $42.00 to $55.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s target price would suggest a potential upside of 9.50% from the stock’s current price.

Several other research analysts have also issued reports on the stock. UBS Group raised their target price on shares of Andersen Group from $34.00 to $42.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. Wells Fargo & Company increased their price target on shares of Andersen Group from $25.00 to $38.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 13th. Robert W. Baird lifted their price target on shares of Andersen Group from $42.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $41.00 target price on shares of Andersen Group in a research note on Wednesday, May 13th. Finally, Morgan Stanley boosted their price objective on Andersen Group from $24.00 to $27.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $43.33.

Andersen Group Price Performance

Shares of NYSE:ANDG opened at $50.23 on Thursday. The business’s 50 day moving average is $41.47 and its 200-day moving average is $33.14. The firm has a market capitalization of $5.67 billion and a PE ratio of 295.47. Andersen Group has a 1-year low of $18.12 and a 1-year high of $50.76. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 9.72.

Andersen Group (NYSE:ANDG) last issued its quarterly earnings data on Wednesday, August 12th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.07. The company had revenue of $217.66 million for the quarter. Sell-side analysts predict that Andersen Group will post 0.73 earnings per share for the current year.

Insiders Place Their Bets

In other news, major shareholder Durable Capital Partners Lp sold 336,736 shares of the company’s stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $40.01, for a total transaction of $13,472,807.36. Following the completion of the transaction, the insider directly owned 1,333,749 shares of the company’s stock, valued at $53,363,297.49. This represents a 20.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert V. Gunderson, Jr. acquired 2,367 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were purchased at an average price of $35.82 per share, with a total value of $84,785.94. Following the completion of the acquisition, the director owned 15,000 shares of the company’s stock, valued at $537,300. This represents a 18.74% increase in their position. The disclosure for this purchase is available in the SEC filing. 13.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Andersen Group

Large investors have recently bought and sold shares of the company. Wells Fargo & Company MN bought a new position in shares of Andersen Group during the 4th quarter worth approximately $46,000. PNC Financial Services Group Inc. bought a new stake in shares of Andersen Group in the fourth quarter worth $215,000. Barclays PLC acquired a new position in Andersen Group during the fourth quarter worth $218,000. Voloridge Investment Management LLC bought a new position in Andersen Group in the fourth quarter valued at $259,000. Finally, XTX Topco Ltd bought a new position in Andersen Group in the fourth quarter valued at $269,000.

More Andersen Group News

Here are the key news stories impacting Andersen Group this week:

• Positive Sentiment: Andersen reported record second-quarter revenue of $217.7 million, while its adjusted EPS loss of $0.09 was better than the consensus estimate of a $0.16 loss. The earnings beat supports the stock by suggesting operating performance is improving. Andersen Group Delivers Record Second-Quarter Revenue of $217.7 Million
• Positive Sentiment: Management reaffirmed its 2026 revenue outlook of $980 million to $1 billion and adjusted EBITDA margin guidance of 22% to 23%. Maintaining targets after the quarterly results provides investors with greater confidence in the growth plan. Andersen Reaffirms 2026 Guidance
• Positive Sentiment: The company is expanding through acquisitions, including firms in Mexico, the United States and the United Kingdom. The transactions could broaden Andersen’s geographic footprint, client base and future revenue opportunities. Andersen Expands Presence in the United Kingdom and United States
• Neutral Sentiment: The earnings call highlighted continued acquisition activity but indicated that inorganic revenue growth is slowing. This makes execution and organic growth increasingly important for achieving the 2026 targets. Andersen Group Q2 2026 Earnings Call Transcript
• Negative Sentiment: At approximately 295 times earnings, with a debt-to-equity ratio of 9.72, ANDG has limited room for execution disappointments. Any slowdown in acquisition-driven growth could increase valuation concerns despite the quarterly beat.

About Andersen Group

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.