The Andersons, Inc. (NASDAQ:ANDE) Stock Has Average Target Price of $95.00 According to Brokerages

Shares of The Andersons, Inc. (NASDAQ:ANDE – Get Free Report) have earned a consensus rating of “Buy” from the five research firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $95.00.

A number of research firms recently issued reports on ANDE. Deutsche Bank Aktiengesellschaft set a $110.00 target price on Andersons in a report on Tuesday, August 4th. The Goldman Sachs Group downgraded Andersons to a “buy” rating in a report on Thursday, June 18th. BMO Capital Markets lifted their price objective on Andersons from $75.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Benchmark reissued a “buy” rating on shares of Andersons in a research report on Monday, June 15th. Finally, Wall Street Zen lowered shares of Andersons from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 12th.

Read Our Latest Stock Analysis on Andersons

Andersons Price Performance

Andersons stock opened at $66.90 on Thursday. The company has a quick ratio of 0.81, a current ratio of 1.51 and a debt-to-equity ratio of 0.42. Andersons has a 52-week low of $39.94 and a 52-week high of $82.11. The firm has a market cap of $2.28 billion, a PE ratio of 12.92 and a beta of 0.65. The company’s 50 day moving average is $68.25 and its two-hundred day moving average is $70.97.

Andersons (NASDAQ:ANDE – Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The basic materials company reported $2.15 EPS for the quarter, topping the consensus estimate of $1.48 by $0.67. Andersons had a net margin of 1.62% and a return on equity of 16.23%. The business had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.28 billion. During the same quarter in the previous year, the firm posted $0.24 earnings per share. The company’s quarterly revenue was down 1.2% compared to the same quarter last year.

Andersons Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 22nd. Shareholders of record on Thursday, October 1st will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.2%. The ex-dividend date is Thursday, October 1st. Andersons’s payout ratio is 15.44%.

Insider Buying and Selling

In other Andersons news, Director Patrick Bowe sold 3,534 shares of the stock in a transaction that occurred on Wednesday, July 22nd. The shares were sold at an average price of $80.53, for a total value of $284,593.02. Following the sale, the director directly owned 74,875 shares of the company’s stock, valued at approximately $6,029,683.75. This represents a 4.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 4.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Andersons

Several institutional investors have recently modified their holdings of the company. Nomura Asset Management Co. Ltd. boosted its position in shares of Andersons by 95.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 820 shares of the basic materials company’s stock worth $44,000 after buying an additional 400 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Andersons during the 2nd quarter valued at about $38,000. The Manufacturers Life Insurance Company increased its holdings in Andersons by 4.3% during the 1st quarter. The Manufacturers Life Insurance Company now owns 15,993 shares of the basic materials company’s stock valued at $1,148,000 after acquiring an additional 656 shares in the last quarter. Amundi raised its position in Andersons by 2.1% during the second quarter. Amundi now owns 33,055 shares of the basic materials company’s stock worth $2,261,000 after acquiring an additional 665 shares during the last quarter. Finally, Group One Trading LLC lifted its holdings in shares of Andersons by 230.0% in the first quarter. Group One Trading LLC now owns 1,320 shares of the basic materials company’s stock valued at $95,000 after purchasing an additional 920 shares in the last quarter. 87.06% of the stock is owned by hedge funds and other institutional investors.

Andersons Company Profile

(Get Free Report)

The Andersons, Inc is an agribusiness company that supplies agricultural inputs, manages and markets grain, and produces renewable fuels and related co-products. Its activities support farmers, food and feed manufacturers, fuel producers, and industrial customers, primarily in the United States.

The company operates through businesses focused on trade, renewables, and nutrients and industrial products. Its offerings and services include grain merchandising and storage, commodity marketing, ethanol production, plant nutrients, fertilizers, soil amendments, and specialty agricultural and industrial products.

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Analyst Recommendations for Andersons (NASDAQ:ANDE)

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