Andersen Group Inc. (NYSE:ANDG) Receives Consensus Rating of “Moderate Buy” from Analysts

Andersen Group Inc. (NYSE:ANDG) has earned an average rating of “Moderate Buy” from the nine ratings firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $39.00.

ANDG has been the subject of a number of research reports. Weiss Ratings raised Andersen Group from a “sell (e)” rating to a “sell (e+)” rating in a report on Monday, June 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $41.00 price target on shares of Andersen Group in a research report on Wednesday, May 13th. Wells Fargo & Company lifted their price objective on shares of Andersen Group from $25.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 13th. Robert W. Baird boosted their price objective on shares of Andersen Group from $42.00 to $44.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. Finally, Truist Financial increased their target price on shares of Andersen Group from $32.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th.

Andersen Group Trading Down 2.9%

Shares of NYSE ANDG opened at $39.35 on Thursday. The company has a market capitalization of $4.44 billion and a price-to-earnings ratio of 231.50. The company has a debt-to-equity ratio of 9.72, a quick ratio of 2.36 and a current ratio of 2.36. Andersen Group has a 1-year low of $18.12 and a 1-year high of $41.48. The business’s 50 day moving average price is $36.95.

Andersen Group (NYSE:ANDG) last released its quarterly earnings results on Tuesday, May 12th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.08). The company had revenue of $240.75 million during the quarter. The firm’s quarterly revenue was up 15.7% on a year-over-year basis. Analysts forecast that Andersen Group will post 0.73 EPS for the current year.

Insider Activity

In related news, Director Robert V. Gunderson, Jr. purchased 2,367 shares of Andersen Group stock in a transaction that occurred on Wednesday, May 20th. The shares were acquired at an average price of $35.82 per share, with a total value of $84,785.94. Following the completion of the transaction, the director directly owned 15,000 shares of the company’s stock, valued at $537,300. This represents a 18.74% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 13.00% of the company’s stock.

Institutional Trading of Andersen Group

Several large investors have recently modified their holdings of ANDG. JPMorgan Chase & Co. bought a new position in shares of Andersen Group in the fourth quarter worth $45,987,000. J. Goldman & Co LP bought a new stake in Andersen Group during the fourth quarter worth about $30,079,000. Brown Advisory Inc. acquired a new stake in Andersen Group during the fourth quarter worth about $29,365,000. Franklin Resources Inc. acquired a new stake in Andersen Group during the fourth quarter worth about $25,864,000. Finally, Royce & Associates LP bought a new position in Andersen Group in the 4th quarter valued at about $19,948,000.

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.