The Andersons, Inc. (ANDE) Downgraded to Equal Weight at Stephens

The Andersons, Inc. (NASDAQ:ANDE) was downgraded by analysts at Stephens from an “overweight” rating to an “equal weight” rating in a report issued on Monday, August 7th, MarketBeat Ratings reports. They currently have a $35.00 price target on the basic materials company’s stock, down from their previous price target of $42.00. Stephens’ price objective points to a potential upside of 9.20% from the stock’s previous close.

ANDE has been the topic of several other reports. Zacks Investment Research upgraded shares of The Andersons from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 6th. BMO Capital Markets lowered their price objective on shares of The Andersons from $41.00 to $39.00 and set a “market perform” rating on the stock in a research report on Friday, May 5th. Finally, BidaskClub cut shares of The Andersons from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 20th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $40.00.

Shares of The Andersons (ANDE) traded down 0.62% during midday trading on Monday, hitting $32.05. The company had a trading volume of 91,291 shares. The Andersons has a 12 month low of $31.65 and a 12 month high of $44.90. The company has a 50-day moving average of $33.65 and a 200 day moving average of $36.08. The firm’s market capitalization is $908.62 million.

The Andersons (NASDAQ:ANDE) last posted its quarterly earnings results on Thursday, August 3rd. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.71 by $0.17. The business had revenue of $993.70 million during the quarter, compared to analyst estimates of $1.06 billion. The Andersons had a positive return on equity of 3.77% and a negative net margin of 0.47%. The company’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.51 EPS. On average, analysts expect that The Andersons will post $1.71 EPS for the current fiscal year.

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Large investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue raised its stake in The Andersons by 1.8% in the first quarter. State of Alaska Department of Revenue now owns 2,890 shares of the basic materials company’s stock valued at $109,000 after buying an additional 50 shares during the last quarter. Fifth Third Bancorp raised its position in The Andersons by 4.6% in the first quarter. Fifth Third Bancorp now owns 3,463 shares of the basic materials company’s stock worth $131,000 after buying an additional 153 shares in the last quarter. Botty Investors LLC purchased a new position in The Andersons during the first quarter worth $142,000. Sei Investments Co. raised its position in The Andersons by 25.0% in the second quarter. Sei Investments Co. now owns 5,027 shares of the basic materials company’s stock worth $172,000 after buying an additional 1,006 shares in the last quarter. Finally, FNY Partners Fund LP purchased a new position in The Andersons during the first quarter worth $189,000. 75.50% of the stock is owned by institutional investors and hedge funds.

The Andersons Company Profile

The Andersons, Inc is a diversified company. The Company conducts business across North America in the grain, ethanol, plant nutrient and rail sectors. The Company also produces turf and cob products, and has a consumer retailing presence. The Company operates through segments, including Grain, Ethanol, Rail, Plant Nutrient and Retail.

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