Andersen Group Inc. (NYSE:ANDG – Get Free Report) reached a new 52-week high on Monday. The company traded as high as $67.26 and last traded at $66.30, with a volume of 43,826 shares changing hands. The stock had previously closed at $65.55.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on ANDG. Morgan Stanley increased their target price on Andersen Group from $27.00 to $54.00 and gave the company an “equal weight” rating in a report on Thursday, August 13th. Robert W. Baird boosted their price objective on Andersen Group from $57.00 to $64.00 and gave the company an “outperform” rating in a research report on Monday, August 31st. BMO Capital Markets began coverage on Andersen Group in a research note on Tuesday, September 8th. They set a “market perform” rating and a $58.00 price objective for the company. Weiss Ratings upgraded shares of Andersen Group from a “sell (d-)” rating to a “sell (d+)” rating in a report on Thursday, September 24th. Finally, Wells Fargo & Company raised their target price on shares of Andersen Group from $38.00 to $49.00 and gave the stock an “equal weight” rating in a report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $56.14.
Check Out Our Latest Research Report on ANDG
Andersen Group Stock Up 0.1%
The business has a fifty day moving average of $57.35 and a 200 day moving average of $39.56. The company has a debt-to-equity ratio of 7.82, a quick ratio of 2.19 and a current ratio of 2.19.
Andersen Group (NYSE:ANDG – Get Free Report) last issued its quarterly earnings data on Wednesday, August 12th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.07. The company had revenue of $217.66 million for the quarter. On average, equities analysts predict that Andersen Group Inc. will post 0.73 earnings per share for the current fiscal year.
Institutional Trading of Andersen Group
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC grew its holdings in shares of Andersen Group by 1.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 130,856 shares of the company’s stock worth $3,559,000 after acquiring an additional 1,267 shares during the period. Sei Investments Co. lifted its stake in shares of Andersen Group by 96.3% in the 1st quarter. Sei Investments Co. now owns 121,649 shares of the company’s stock valued at $3,309,000 after purchasing an additional 59,693 shares during the period. Renaissance Technologies LLC purchased a new position in shares of Andersen Group in the 1st quarter valued at approximately $1,686,000. Corient Private Wealth LP boosted its position in shares of Andersen Group by 67.2% during the second quarter. Corient Private Wealth LP now owns 23,005 shares of the company’s stock valued at $868,000 after purchasing an additional 9,245 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Andersen Group by 47.0% during the first quarter. Bank of New York Mellon Corp now owns 18,636 shares of the company’s stock valued at $507,000 after purchasing an additional 5,962 shares in the last quarter.
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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