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.
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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