Andersons (ANDE) Upgraded by BidaskClub to “Buy”

BidaskClub upgraded shares of Andersons (NASDAQ:ANDE) from a hold rating to a buy rating in a research note released on Sunday.

Other equities analysts have also recently issued research reports about the company. TheStreet upgraded Andersons from a c+ rating to a b rating in a research report on Wednesday, March 21st. Zacks Investment Research cut Andersons from a strong-buy rating to a hold rating in a research report on Tuesday, May 1st. ValuEngine cut Andersons from a buy rating to a hold rating in a research report on Monday, April 2nd. Finally, BMO Capital Markets dropped their price target on Andersons from $38.00 to $36.00 and set a market perform rating on the stock in a research report on Wednesday, May 9th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $35.50.

Shares of Andersons opened at $34.25 on Friday, MarketBeat Ratings reports. The stock has a market capitalization of $980.59 million, a P/E ratio of 29.96 and a beta of 1.19. Andersons has a 52-week low of $29.60 and a 52-week high of $38.00. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.44 and a current ratio of 1.23.

Andersons (NASDAQ:ANDE) last issued its quarterly earnings results 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 company had revenue of $635.74 million during the quarter. Andersons had a net margin of 1.23% and a return on equity of 4.29%. equities research analysts forecast that Andersons will post 1.75 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 23rd. Shareholders of record on Monday, July 2nd will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.93%. The ex-dividend date is Friday, June 29th. Andersons’s payout ratio is 57.39%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. increased its position in Andersons by 1.0% during the 1st quarter. BlackRock Inc. now owns 3,453,455 shares of the basic materials company’s stock worth $114,310,000 after purchasing an additional 34,048 shares during the period. Victory Capital Management Inc. increased its position in Andersons by 1.1% during the 1st quarter. Victory Capital Management Inc. now owns 2,681,615 shares of the basic materials company’s stock worth $88,761,000 after purchasing an additional 28,829 shares during the period. Bank of New York Mellon Corp increased its position in Andersons by 6.8% during the 4th quarter. Bank of New York Mellon Corp now owns 449,252 shares of the basic materials company’s stock worth $13,995,000 after purchasing an additional 28,711 shares during the period. Millennium Management LLC increased its position in Andersons by 15.4% during the 4th quarter. Millennium Management LLC now owns 389,912 shares of the basic materials company’s stock worth $12,146,000 after purchasing an additional 52,010 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its position in Andersons by 4.3% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 364,312 shares of the basic materials company’s stock worth $12,059,000 after purchasing an additional 14,965 shares during the period. Institutional investors own 79.11% of the company’s stock.

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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