Andersen Group (NYSE:ANDG) Reaches New 12-Month High – Time to Buy?

Andersen Group Inc. (NYSE:ANDG) shares hit a new 52-week high on Monday . The company traded as high as $37.07 and last traded at $36.6750, with a volume of 13987 shares trading hands. The stock had previously closed at $36.51.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. UBS Group lifted their price objective on shares of Andersen Group from $32.00 to $34.00 and gave the company a “buy” rating in a report on Monday, April 13th. Morgan Stanley lifted their price objective on shares of Andersen Group from $22.00 to $24.00 and gave the company an “equal weight” rating in a report on Wednesday, March 18th. Robert W. Baird lifted their price objective on shares of Andersen Group from $40.00 to $42.00 and gave the company an “outperform” rating in a report on Wednesday, March 18th. Zacks Research upgraded shares of Andersen Group to a “hold” rating in a report on Tuesday, January 13th. Finally, Weiss Ratings assumed coverage on shares of Andersen Group in a report on Monday, April 6th. They issued a “sell (e)” rating for the company. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Andersen Group currently has an average rating of “Moderate Buy” and a consensus price target of $33.33.

Andersen Group Stock Performance

The business has a fifty day moving average of $28.74.

Andersen Group (NYSE:ANDG) last posted its quarterly earnings results on Tuesday, March 17th. The company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.28) by $0.15. The firm had revenue of $170.35 million for the quarter, compared to analyst estimates of $152.64 million. On average, research analysts expect that Andersen Group Inc. will post 0.23 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ANDG. JPMorgan Chase & Co. purchased a new stake in shares of Andersen Group during the 4th quarter worth approximately $45,987,000. J. Goldman & Co LP purchased a new stake in shares of Andersen Group during the 4th quarter worth approximately $30,079,000. Brown Advisory Inc. purchased a new stake in shares of Andersen Group during the 4th quarter worth approximately $29,365,000. Franklin Resources Inc. purchased a new stake in shares of Andersen Group during the 4th quarter worth approximately $25,864,000. Finally, Royce & Associates LP purchased a new stake in shares of Andersen Group during the 4th quarter worth approximately $19,948,000.

Andersen Group Company Profile

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.