Andersons (NASDAQ:ANDE) Upgraded to “Sell” at BidaskClub

BidaskClub upgraded shares of Andersons (NASDAQ:ANDE) from a strong sell rating to a sell rating in a report released on Thursday, BidAskClub reports.

Separately, Buckingham Research set a $30.00 price objective on shares of Andersons and gave the stock a hold rating in a report on Wednesday, June 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $30.00.

Shares of NASDAQ:ANDE traded up $0.65 during midday trading on Thursday, reaching $27.77. 278,539 shares of the company were exchanged, compared to its average volume of 137,005. Andersons has a fifty-two week low of $21.86 and a fifty-two week high of $39.53. The company has a quick ratio of 0.78, a current ratio of 1.36 and a debt-to-equity ratio of 1.03. The stock has a fifty day simple moving average of $24.51 and a two-hundred day simple moving average of $29.04. The firm has a market cap of $835.54 million, a PE ratio of 15.82 and a beta of 1.23.

Andersons (NASDAQ:ANDE) last issued its quarterly earnings data on Tuesday, August 6th. The basic materials company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.31. Andersons had a net margin of 0.64% and a return on equity of 5.29%. The business had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.37 billion. During the same period last year, the business posted $0.76 earnings per share. The firm’s quarterly revenue was up 155.1% on a year-over-year basis.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 22nd. Investors of record on Tuesday, October 1st will be issued a dividend of $0.17 per share. The ex-dividend date is Monday, September 30th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.45%.

Large investors have recently modified their holdings of the stock. Quantamental Technologies LLC acquired a new stake in Andersons in the 2nd quarter valued at $28,000. Resources Investment Advisors Inc. acquired a new stake in Andersons in the 1st quarter valued at $31,000. IndexIQ Advisors LLC increased its stake in Andersons by 46.7% in the 1st quarter. IndexIQ Advisors LLC now owns 2,697 shares of the basic materials company’s stock valued at $87,000 after buying an additional 859 shares during the last quarter. Fort Washington Investment Advisors Inc. OH acquired a new stake in Andersons in the 1st quarter valued at $207,000. Finally, Piedmont Investment Advisors Inc. acquired a new stake in Andersons in the 1st quarter valued at $214,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

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.

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