Andersen Group Inc. (NYSE:ANDG) Receives Consensus Rating of “Moderate Buy” from Analysts

Andersen Group Inc. (NYSE:ANDG) has received an average rating of “Moderate Buy” from the ten brokerages that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $54.00.

A number of brokerages recently commented on ANDG. Truist Financial upped their target price on Andersen Group from $42.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $56.00 price objective on shares of Andersen Group in a research note on Friday, August 14th. Wells Fargo & Company boosted their target price on shares of Andersen Group from $38.00 to $49.00 and gave the company an “equal weight” rating in a research report on Thursday, August 13th. BMO Capital Markets assumed coverage on Andersen Group in a research report on Tuesday, September 8th. They set a “market perform” rating and a $58.00 price target on the stock. Finally, Morgan Stanley lifted their price objective on Andersen Group from $27.00 to $54.00 and gave the company an “equal weight” rating in a research note on Thursday, August 13th.

Insider Buying and Selling

In other news, major shareholder Durable Capital Partners Lp sold 336,736 shares of Andersen Group stock in a transaction that occurred on Tuesday, July 7th. The shares were 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. The trade was a 20.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 13.00% of the company’s stock.

Institutional Investors Weigh In On Andersen Group

A number of institutional investors have recently modified their holdings of ANDG. Brown Advisory Inc. acquired a new position in Andersen Group in the 4th quarter worth about $29,365,000. Royce & Associates LP acquired a new position in shares of Andersen Group during the 4th quarter worth approximately $19,948,000. Seven Grand Managers LLC acquired a new position in shares of Andersen Group during the 4th quarter worth approximately $12,965,000. Allspring Global Investments Holdings LLC grew its stake in Andersen Group by 1.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 130,856 shares of the company’s stock valued at $3,559,000 after acquiring an additional 1,267 shares during the period. Finally, Sei Investments Co. increased its holdings in Andersen Group by 96.3% in the 1st quarter. Sei Investments Co. now owns 121,649 shares of the company’s stock worth $3,309,000 after acquiring an additional 59,693 shares in the last quarter.

Andersen Group Trading Down 0.1%

NYSE:ANDG opened at $54.93 on Tuesday. Andersen Group has a 12 month low of $18.12 and a 12 month high of $57.62. The firm has a fifty day simple moving average of $49.99 and a 200-day simple moving average of $39.34. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 7.82. The company has a market capitalization of $6.21 billion and a P/E ratio of -103.64.

Andersen Group (NYSE:ANDG) last released its earnings results on Wednesday, August 12th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.07. The firm had revenue of $217.66 million during the quarter. On average, equities research analysts anticipate that Andersen Group will post 0.73 earnings per share for the current year.

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.