Andersons (NASDAQ:ANDE) had its target price lowered by BMO Capital Markets from $34.00 to $28.00 in a report released on Thursday, Stock Target Advisor reports. The firm currently has a market perform rating on the basic materials company’s stock.
Other analysts have also issued reports about the company. Stephens started coverage on Andersons in a research note on Monday, October 7th. They issued an equal weight rating and a $21.00 price target on the stock. BidaskClub raised Andersons from a strong sell rating to a sell rating in a research note on Wednesday. Finally, Buckingham Research decreased their price target on Andersons to $23.00 and set a neutral rating on the stock in a research note on Thursday. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $24.00.
NASDAQ:ANDE traded down $0.14 during trading hours on Thursday, hitting $21.09. The company’s stock had a trading volume of 217,000 shares, compared to its average volume of 168,810. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.78 and a current ratio of 1.36. The company has a market capitalization of $637.66 million, a PE ratio of 12.94 and a beta of 1.18. Andersons has a 52-week low of $17.40 and a 52-week high of $38.23. The business’s 50-day moving average is $20.26 and its two-hundred day moving average is $25.36.
Andersons (NASDAQ:ANDE) last issued its quarterly earnings results on Tuesday, November 5th. The basic materials company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.12). Andersons had a return on equity of 5.25% and a net margin of 0.49%. The business had revenue of $1.98 billion during the quarter, compared to analyst estimates of $2.10 billion. During the same period in the previous year, the business posted $0.02 earnings per share. The firm’s quarterly revenue was up 189.2% on a year-over-year basis. As a group, analysts predict that Andersons will post 0.65 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 1st were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date was Monday, September 30th. Andersons’s payout ratio is 41.72%.
A number of large investors have recently modified their holdings of ANDE. BlackRock Inc. boosted its stake in Andersons by 5.7% in the 2nd quarter. BlackRock Inc. now owns 4,177,682 shares of the basic materials company’s stock worth $113,801,000 after buying an additional 225,673 shares during the last quarter. Heartland Advisors Inc. purchased a new position in shares of Andersons in the 2nd quarter worth about $3,405,000. Deprince Race & Zollo Inc. raised its holdings in shares of Andersons by 14.1% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 991,637 shares of the basic materials company’s stock worth $27,012,000 after purchasing an additional 122,490 shares during the period. Nuveen Asset Management LLC purchased a new position in shares of Andersons in the 2nd quarter worth about $3,140,000. Finally, Russell Investments Group Ltd. raised its holdings in shares of Andersons by 50.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 337,507 shares of the basic materials company’s stock worth $7,572,000 after purchasing an additional 112,907 shares during the period. 75.75% of the stock is currently owned by hedge funds and other institutional investors.
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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