Andersons Inc (ANDE) Receives $41.33 Average Target Price from Analysts

Andersons Inc (NASDAQ:ANDE) has been given a consensus recommendation of “Hold” by the seven ratings firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $41.33.

ANDE has been the topic of a number of research reports. BidaskClub upgraded shares of Andersons from a “hold” rating to a “buy” rating in a research report on Monday, June 18th. Buckingham Research upped their target price on shares of Andersons from $35.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, August 9th. TheStreet upgraded shares of Andersons from a “c” rating to a “b” rating in a research report on Friday, August 10th. BMO Capital Markets upped their target price on shares of Andersons from $36.00 to $40.00 and gave the stock a “market perform” rating in a research report on Thursday, August 9th. Finally, Zacks Investment Research lowered shares of Andersons from a “hold” rating to a “sell” rating in a research report on Wednesday, August 1st.

Shares of ANDE stock opened at $39.15 on Friday. Andersons has a 1 year low of $29.60 and a 1 year high of $41.70. The company has a market cap of $1.10 billion, a PE ratio of 34.04 and a beta of 1.35. The company has a current ratio of 1.34, a quick ratio of 0.58 and a debt-to-equity ratio of 0.51.

Andersons (NASDAQ:ANDE) last announced its earnings results on Tuesday, August 7th. The basic materials company reported $0.76 earnings per share (EPS) for the quarter. Andersons had a net margin of 2.68% and a return on equity of 4.92%. The company had revenue of $911.40 million for the quarter. research analysts predict that Andersons will post 1.88 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 22nd. Stockholders of record on Monday, October 1st will be given a dividend of $0.165 per share. The ex-dividend date is Friday, September 28th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.69%. Andersons’s payout ratio is 57.39%.

In related news, insider Corbett J. Jorgenson sold 1,300 shares of the business’s stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $37.90, for a total transaction of $49,270.00. Following the completion of the sale, the insider now directly owns 18,399 shares of the company’s stock, valued at $697,322.10. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 5.50% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Citigroup Inc. raised its stake in shares of Andersons by 73.0% during the first quarter. Citigroup Inc. now owns 13,592 shares of the basic materials company’s stock worth $450,000 after buying an additional 5,737 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Andersons by 2.4% during the first quarter. Principal Financial Group Inc. now owns 202,153 shares of the basic materials company’s stock worth $6,691,000 after buying an additional 4,797 shares during the last quarter. Alpha Windward LLC raised its stake in shares of Andersons by 12.5% during the second quarter. Alpha Windward LLC now owns 15,660 shares of the basic materials company’s stock worth $536,000 after buying an additional 1,740 shares during the last quarter. OMERS ADMINISTRATION Corp raised its stake in shares of Andersons by 25.2% during the first quarter. OMERS ADMINISTRATION Corp now owns 20,400 shares of the basic materials company’s stock worth $675,000 after buying an additional 4,100 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of Andersons during the first quarter worth approximately $153,000. 81.60% of the stock is owned by institutional investors and hedge funds.

Andersons Company Profile

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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