BidaskClub Upgrades Andersons (ANDE) to Buy

BidaskClub upgraded shares of Andersons (NASDAQ:ANDE) from a hold rating to a buy rating in a report issued on Monday morning.

Other equities analysts have also issued reports about the stock. ValuEngine raised shares of Andersons from a sell rating to a hold rating in a report on Saturday, June 16th. TheStreet raised shares of Andersons from a c+ rating to a b rating in a report on Wednesday, March 21st. Zacks Investment Research raised shares of Andersons from a strong sell rating to a hold rating in a report on Tuesday, June 12th. Finally, BMO Capital Markets cut their price objective on shares of Andersons from $38.00 to $36.00 and set a market perform rating on the stock in a report on Wednesday, May 9th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $35.50.

Andersons opened at $34.85 on Monday, MarketBeat Ratings reports. The company has a quick ratio of 0.44, a current ratio of 1.23 and a debt-to-equity ratio of 0.53. Andersons has a fifty-two week low of $29.60 and a fifty-two week high of $38.00. The company has a market cap of $994.74 million, a PE ratio of 29.54 and a beta of 1.19.

Andersons (NASDAQ:ANDE) last issued its quarterly earnings data on Monday, May 7th. The basic materials company reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.14). The business had revenue of $635.74 million for the quarter. Andersons had a net margin of 1.23% and a return on equity of 4.29%. sell-side analysts predict that Andersons will post 1.75 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 23rd. Investors of record on Monday, July 2nd will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend is Friday, June 29th. Andersons’s payout ratio is 57.39%.

A number of hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. increased its holdings in Andersons by 2.4% during the first quarter. Principal Financial Group Inc. now owns 202,153 shares of the basic materials company’s stock valued at $6,691,000 after buying an additional 4,797 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in Andersons by 40.8% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 92,753 shares of the basic materials company’s stock worth $3,070,000 after purchasing an additional 26,899 shares during the last quarter. Barclays PLC grew its holdings in Andersons by 50.3% in the first quarter. Barclays PLC now owns 8,284 shares of the basic materials company’s stock worth $274,000 after purchasing an additional 2,773 shares during the last quarter. A.R.T. Advisors LLC grew its holdings in Andersons by 111.6% in the first quarter. A.R.T. Advisors LLC now owns 16,609 shares of the basic materials company’s stock worth $549,000 after purchasing an additional 8,759 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new position in Andersons in the first quarter worth $341,000. 79.11% of the stock is currently owned by institutional investors.

About Andersons

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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