The Andersons (NASDAQ:ANDE) Raised to “Buy” at BidaskClub


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BidaskClub upgraded shares of The Andersons (NASDAQ:ANDE) from a hold rating to a buy rating in a research note published on Thursday morning, BidAskClub reports.

A number of other brokerages have also commented on ANDE. National Securities reiterated a buy rating and issued a $24.00 target price on shares of The Andersons in a research report on Friday, October 16th. Zacks Investment Research downgraded The Andersons from a hold rating to a sell rating in a research note on Thursday, December 3rd. BMO Capital Markets raised The Andersons from a market perform rating to an outperform rating and upped their target price for the stock from $20.00 to $24.00 in a research note on Monday, September 14th. Finally, Seaport Global Securities raised The Andersons from a neutral rating to a buy rating and set a $26.00 price objective for the company in a research note on Thursday, September 24th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. The Andersons presently has a consensus rating of Buy and a consensus price target of $24.20.

Shares of NASDAQ:ANDE opened at $25.18 on Thursday. The firm’s 50 day moving average price is $23.40 and its 200-day moving average price is $19.18. The Andersons has a twelve month low of $10.00 and a twelve month high of $26.01. The company has a quick ratio of 0.72, a current ratio of 1.40 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $830.39 million, a PE ratio of -359.71 and a beta of 0.74.

The Andersons (NASDAQ:ANDE) last issued its quarterly earnings data on Sunday, November 8th. The basic materials company reported ($0.07) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.05. The firm had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.93 billion. The Andersons had a negative net margin of 0.02% and a positive return on equity of 0.17%. Analysts expect that The Andersons will post 0.14 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 20th. Investors of record on Monday, January 4th will be paid a $0.175 dividend. The ex-dividend date of this dividend is Thursday, December 31st. This represents a $0.70 annualized dividend and a yield of 2.78%. The Andersons’s payout ratio is currently 53.85%.

A number of hedge funds have recently bought and sold shares of ANDE. Nuveen Asset Management LLC raised its position in shares of The Andersons by 28.0% during the 2nd quarter. Nuveen Asset Management LLC now owns 580,910 shares of the basic materials company’s stock worth $7,993,000 after purchasing an additional 127,107 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in The Andersons by 284.5% during the third quarter. Arrowstreet Capital Limited Partnership now owns 286,847 shares of the basic materials company’s stock valued at $5,499,000 after purchasing an additional 212,247 shares in the last quarter. Bank of Montreal Can boosted its holdings in The Andersons by 1.6% during the second quarter. Bank of Montreal Can now owns 284,452 shares of the basic materials company’s stock valued at $3,545,000 after purchasing an additional 4,522 shares in the last quarter. Bridgeway Capital Management Inc. boosted its holdings in The Andersons by 86.3% during the second quarter. Bridgeway Capital Management Inc. now owns 233,216 shares of the basic materials company’s stock valued at $3,209,000 after purchasing an additional 108,000 shares in the last quarter. Finally, Morgan Stanley boosted its holdings in The Andersons by 7.8% during the third quarter. Morgan Stanley now owns 140,884 shares of the basic materials company’s stock valued at $2,701,000 after purchasing an additional 10,178 shares in the last quarter. 72.44% of the stock is owned by hedge funds and other institutional investors.

The Andersons Company Profile

The Andersons, Inc, an agriculture company, operates in the trade, ethanol, plant nutrient, and rail sectors in the United States and internationally. The company's Trade 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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