Andersons Inc (ANDE) Receives Average Rating of “Hold” from Analysts

Shares of Andersons Inc (NASDAQ:ANDE) have earned a consensus rating of “Hold” from the seven ratings firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $41.33.

A number of brokerages have weighed in on ANDE. BidaskClub raised shares of Andersons from a “hold” rating to a “buy” rating in a report on Sunday, June 24th. ValuEngine raised shares of Andersons from a “sell” rating to a “hold” rating in a report on Saturday, June 16th. Zacks Investment Research raised shares of Andersons from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 12th. Buckingham Research upped their price target on shares of Andersons from $35.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday, August 9th. Finally, TheStreet raised shares of Andersons from a “c” rating to a “b” rating in a report on Friday, August 10th.

In other Andersons news, insider Corbett J. Jorgenson sold 1,300 shares of the company’s stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $37.90, for a total transaction of $49,270.00. Following the completion of the sale, the insider now directly owns 18,399 shares of the company’s stock, valued at $697,322.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 5.50% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. lifted its stake in Andersons by 7.0% during the second quarter. BlackRock Inc. now owns 3,694,138 shares of the basic materials company’s stock valued at $126,339,000 after buying an additional 240,683 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Andersons by 5.1% during the second quarter. Victory Capital Management Inc. now owns 2,817,684 shares of the basic materials company’s stock valued at $96,365,000 after buying an additional 136,069 shares in the last quarter. Deprince Race & Zollo Inc. lifted its stake in Andersons by 2.1% during the second quarter. Deprince Race & Zollo Inc. now owns 866,977 shares of the basic materials company’s stock valued at $29,651,000 after buying an additional 17,986 shares in the last quarter. Rutabaga Capital Management LLC MA lifted its stake in Andersons by 1.2% during the second quarter. Rutabaga Capital Management LLC MA now owns 540,423 shares of the basic materials company’s stock valued at $18,482,000 after buying an additional 6,162 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in Andersons by 12.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 408,547 shares of the basic materials company’s stock valued at $13,973,000 after buying an additional 44,235 shares in the last quarter. 81.60% of the stock is owned by institutional investors.

Shares of NASDAQ ANDE opened at $38.90 on Friday. Andersons has a twelve month low of $29.60 and a twelve month high of $41.70. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.34 and a quick ratio of 0.58. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 33.83 and a beta of 1.35.

Andersons (NASDAQ:ANDE) last issued its quarterly earnings results on Tuesday, August 7th. The basic materials company reported $0.76 earnings per share for the quarter. Andersons had a net margin of 2.68% and a return on equity of 4.92%. The company had revenue of $911.40 million during the quarter. equities research analysts forecast that Andersons will post 1.88 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 22nd. Shareholders of record on Monday, October 1st will be paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date is Friday, September 28th. Andersons’s dividend payout ratio is presently 57.39%.

About Andersons

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.

See Also: Exchange-Traded Funds (ETFs)

Receive News & Ratings for Andersons Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Andersons and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply