Andersen Group Inc. (NYSE:ANDG – Get Free Report) has been given a consensus recommendation of “Moderate Buy” by the nine ratings firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $52.1667.
A number of research firms recently weighed in on ANDG. Morgan Stanley upped their price objective on shares of Andersen Group from $27.00 to $54.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $56.00 price target on shares of Andersen Group in a report on Friday, August 14th. Wells Fargo & Company upped their price target on shares of Andersen Group from $38.00 to $49.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 13th. Robert W. Baird lifted their price objective on shares of Andersen Group from $44.00 to $57.00 and gave the company an “outperform” rating in a report on Thursday, August 13th. Finally, UBS Group boosted their price objective on shares of Andersen Group from $34.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th.
Read Our Latest Stock Analysis on Andersen Group
Andersen Group Trading Up 6.3%
Andersen Group (NYSE:ANDG – Get Free Report) last posted its quarterly earnings results on Wednesday, August 12th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.07. The firm had revenue of $217.66 million for the quarter. Analysts expect that Andersen Group will post 0.73 earnings per share for the current fiscal year.
Insider Transactions at Andersen Group
In other news, major shareholder Durable Capital Partners Lp sold 336,736 shares of Andersen Group stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $40.01, for a total value of $13,472,807.36. Following the transaction, the insider directly owned 1,333,749 shares in the company, valued at approximately $53,363,297.49. This trade represents a 20.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 13.00% of the company’s stock.
Institutional Trading of Andersen Group
Several hedge funds have recently modified their holdings of ANDG. JPMorgan Chase & Co. bought a new stake in shares of Andersen Group in the 4th quarter valued at about $45,987,000. J. Goldman & Co LP bought a new position in shares of Andersen Group during the 4th quarter worth approximately $30,079,000. Brown Advisory Inc. purchased a new stake in Andersen Group during the fourth quarter valued at approximately $29,365,000. Franklin Resources Inc. acquired a new stake in Andersen Group in the fourth quarter valued at approximately $25,864,000. Finally, Royce & Associates LP acquired a new stake in Andersen Group in the fourth quarter valued at approximately $19,948,000.
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.
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