The Andersons (NASDAQ:ANDE) Rating Lowered to Market Perform at BMO Capital Markets


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The Andersons (NASDAQ:ANDE) was downgraded by investment analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a report issued on Monday, Analyst Ratings Network reports. They currently have a $26.00 price target on the basic materials company’s stock, up from their previous price target of $24.00. BMO Capital Markets’ price target would indicate a potential upside of 3.26% from the stock’s previous close.

ANDE has been the topic of several other research reports. National Securities restated a “buy” rating and issued a $24.00 target price on shares of The Andersons in a research report on Friday, October 16th. Seaport Global Securities upgraded The Andersons from a “neutral” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Thursday, September 24th. BidaskClub upgraded The Andersons from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Zacks Investment Research downgraded The Andersons from a “hold” rating to a “sell” rating in a research report on Thursday, December 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $24.60.

Shares of ANDE stock opened at $25.18 on Monday. The company has a market capitalization of $830.39 million, a P/E ratio of -359.71 and a beta of 0.74. The business’s 50 day moving average is $23.40 and its two-hundred day moving average is $19.18. The Andersons has a 12-month low of $10.00 and a 12-month high of $26.01. The company has a current ratio of 1.40, a quick ratio of 0.72 and a debt-to-equity ratio of 0.81.

The Andersons (NASDAQ:ANDE) last released its earnings results on Sunday, November 8th. The basic materials company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.05. The business had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.93 billion. The Andersons had a positive return on equity of 0.17% and a negative net margin of 0.02%. On average, research analysts predict that The Andersons will post 0.14 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the stock. Point72 Hong Kong Ltd purchased a new position in The Andersons during the second quarter worth approximately $44,000. Cutler Group LP acquired a new stake in The Andersons during the third quarter worth $61,000. Public Employees Retirement System of Ohio increased its stake in The Andersons by 15.9% during the second quarter. Public Employees Retirement System of Ohio now owns 6,893 shares of the basic materials company’s stock worth $95,000 after acquiring an additional 948 shares during the last quarter. Pathstone Family Office LLC acquired a new stake in The Andersons during the third quarter worth $124,000. Finally, Meeder Asset Management Inc. increased its stake in The Andersons by 27,207.7% during the third quarter. Meeder Asset Management Inc. now owns 7,100 shares of the basic materials company’s stock worth $135,000 after acquiring an additional 7,074 shares during the last quarter. Hedge funds and other institutional investors own 72.44% of the company’s stock.

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.

Read More: Operating Income

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