Shares of Andersons Inc (NASDAQ:ANDE) have been given a consensus rating of “Hold” by the seven analysts that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $38.00.
A number of analysts recently weighed in on ANDE shares. TheStreet raised shares of Rent-A-Center from a “c” rating to a “b-” rating in a report on Tuesday, May 7th. BidaskClub raised shares of DENTSPLY SIRONA from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 13th. Finally, Buckingham Research set a $30.00 target price on shares of Andersons and gave the stock a “hold” rating in a report on Wednesday, June 5th.
Andersons stock opened at $27.26 on Thursday. The business’s 50 day moving average price is $27.24. The company has a quick ratio of 0.59, a current ratio of 1.30 and a debt-to-equity ratio of 1.04. The company has a market cap of $885.95 million, a price-to-earnings ratio of 19.47 and a beta of 1.28. Andersons has a 1-year low of $26.09 and a 1-year high of $41.70.
Andersons (NASDAQ:ANDE) last posted its earnings results on Monday, May 6th. The basic materials company reported ($0.16) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.33). The firm had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $1.78 billion. Andersons had a return on equity of 4.34% and a net margin of 0.65%. The business’s revenue was up 227.1% on a year-over-year basis. During the same period last year, the company posted ($0.06) EPS.
The business also recently declared a quarterly dividend, which will be paid on Monday, July 22nd. Stockholders of record on Monday, July 1st will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend is Friday, June 28th.
Large investors have recently modified their holdings of the company. Brandywine Global Investment Management LLC increased its holdings in shares of Andersons by 5.5% in the 4th quarter. Brandywine Global Investment Management LLC now owns 97,175 shares of the basic materials company’s stock worth $2,905,000 after buying an additional 5,038 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Andersons by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 299,930 shares of the basic materials company’s stock worth $8,964,000 after buying an additional 8,323 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new position in shares of Andersons in the 1st quarter worth $208,000. GSA Capital Partners LLP bought a new position in shares of Andersons in the 4th quarter worth $244,000. Finally, Millennium Management LLC increased its holdings in shares of Andersons by 56.9% in the 4th quarter. Millennium Management LLC now owns 214,392 shares of the basic materials company’s stock worth $6,408,000 after buying an additional 77,736 shares during the last quarter. 75.24% of the stock is currently owned by hedge funds and other institutional investors.
Andersons Company Profile
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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