Andersons Inc (NASDAQ:ANDE) has been given an average recommendation of “Hold” by the seven research firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $38.00.
Several analysts have recently commented on the stock. BidaskClub raised shares of DENTSPLY SIRONA from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 13th. TheStreet raised shares of Rent-A-Center from a “c” rating to a “b-” rating in a report on Tuesday, May 7th. Finally, Buckingham Research set a $30.00 price objective on shares of Andersons and gave the company a “hold” rating in a report on Wednesday, June 5th.
Shares of ANDE stock traded down $0.02 during trading hours on Thursday, hitting $26.93. The company’s stock had a trading volume of 103,750 shares, compared to its average volume of 119,214. The stock has a 50 day simple moving average of $27.22. The stock has a market cap of $885.95 million, a PE ratio of 19.47 and a beta of 1.28. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.59 and a current ratio of 1.30. Andersons has a 12-month low of $26.09 and a 12-month high of $41.70.
Andersons (NASDAQ:ANDE) last released its quarterly earnings data on Monday, May 6th. The basic materials company reported ($0.16) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.33). The business had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $1.78 billion. Andersons had a net margin of 0.65% and a return on equity of 4.34%. The firm’s revenue was up 227.1% on a year-over-year basis. During the same period last year, the company earned ($0.06) earnings per share.
The company also recently declared a quarterly dividend, which will be paid on Monday, July 22nd. Investors of record on Monday, July 1st will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date is Friday, June 28th.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Resources Investment Advisors Inc. bought a new stake in shares of Andersons during the first quarter worth $31,000. IndexIQ Advisors LLC raised its position in shares of Andersons by 46.7% during the first quarter. IndexIQ Advisors LLC now owns 2,697 shares of the basic materials company’s stock worth $87,000 after acquiring an additional 859 shares during the last quarter. Fort Washington Investment Advisors Inc. OH bought a new stake in shares of Andersons during the first quarter worth $207,000. Piedmont Investment Advisors Inc. bought a new stake in Andersons in the first quarter valued at about $214,000. Finally, BNP Paribas Arbitrage SA increased its holdings in Andersons by 128.2% in the first quarter. BNP Paribas Arbitrage SA now owns 6,862 shares of the basic materials company’s stock valued at $221,000 after purchasing an additional 3,855 shares during the last quarter. 75.23% of the stock is currently owned by hedge funds and other institutional investors.
The Andersons, Inc, an agriculture company, operates in the grain, ethanol, plant nutrient, and rail sectors in the United States and internationally. The company's Grain segment operates grain elevators; stores grains; and provides grain marketing, risk management, and corn origination services to its customers and affiliated ethanol facilities.
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