Brokerages Set Andersen Group Inc. (NYSE:ANDG) Target Price at $32.67

Andersen Group Inc. (NYSE:ANDG) has been given an average recommendation of “Moderate Buy” by the seven brokerages that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $32.6667.

Several analysts have recently issued reports on ANDG shares. Zacks Research raised shares of Andersen Group to a “hold” rating in a research report on Tuesday, January 13th. William Blair raised shares of Andersen Group to a “strong-buy” rating in a research report on Monday, January 12th. Robert W. Baird boosted their price target on shares of Andersen Group from $40.00 to $42.00 and gave the company an “outperform” rating in a research report on Wednesday, March 18th. UBS Group boosted their price target on shares of Andersen Group from $28.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, March 18th. Finally, Wells Fargo & Company raised shares of Andersen Group to a “hold” rating in a research report on Monday, January 12th.

Andersen Group Stock Performance

NYSE ANDG opened at $29.29 on Tuesday. The company has a 50 day simple moving average of $23.79. Andersen Group has a 12-month low of $18.12 and a 12-month high of $30.22.

Andersen Group (NYSE:ANDG) last posted its quarterly earnings results on Tuesday, March 17th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.28) by $0.15. The business had revenue of $170.35 million during the quarter, compared to the consensus estimate of $152.64 million.

Institutional Trading of Andersen Group

Hedge funds and other institutional investors have recently modified their holdings of the business. Wells Fargo & Company MN bought a new stake in Andersen Group during the 4th quarter worth approximately $46,000. PNC Financial Services Group Inc. bought a new stake in Andersen Group during the 4th quarter worth approximately $215,000. Barclays PLC bought a new stake in Andersen Group during the 4th quarter worth approximately $218,000. Voloridge Investment Management LLC bought a new stake in Andersen Group during the 4th quarter worth approximately $259,000. Finally, XTX Topco Ltd bought a new stake in Andersen Group during the 4th quarter worth approximately $269,000.

About Andersen Group

Our mission is to deliver exceptional client service grounded in integrity, transparency, and excellence. Since our founding in 2002, we have experienced rapid and sustained growth, powered by our people, our values and our relentless commitment to innovative, client-focused solutions. Building on the rich traditions and culture of the former Arthur Andersen, we are driven by a bold vision to lead in a complex global marketplace, creating lasting value for our clients, our people and our investors.