Andersen Group (NYSE:ANDG) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Andersen Group (NYSE:ANDG) had its price objective lifted by research analysts at Robert W. Baird from $40.00 to $42.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Robert W. Baird’s price target suggests a potential upside of 69.23% from the stock’s previous close.

Several other research firms also recently weighed in on ANDG. Truist Financial upgraded Andersen Group to a “strong-buy” rating in a research note on Monday, January 12th. Wells Fargo & Company raised Andersen Group to a “hold” rating in a report on Monday, January 12th. William Blair upgraded shares of Andersen Group to a “strong-buy” rating in a report on Monday, January 12th. UBS Group raised their price target on shares of Andersen Group from $28.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Zacks Research upgraded shares of Andersen Group to a “hold” rating in a research note on Tuesday, January 13th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $37.00.

Andersen Group Price Performance

NYSE ANDG opened at $24.82 on Wednesday. Andersen Group has a 12-month low of $18.12 and a 12-month high of $27.51. The business has a fifty day moving average of $22.38.

Andersen Group (NYSE:ANDG) last released its earnings results on Tuesday, March 17th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.28) by $0.15. The firm had revenue of $170.35 million during the quarter, compared to analyst estimates of $152.64 million.

Institutional Trading of Andersen Group

Hedge funds have recently modified their holdings of the stock. Corient Private Wealth LLC purchased a new position in Andersen Group during the fourth quarter valued at approximately $357,000. XTX Topco Ltd acquired a new stake in shares of Andersen Group during the 4th quarter worth approximately $269,000. Voloridge Investment Management LLC purchased a new position in shares of Andersen Group during the 4th quarter valued at approximately $259,000. Polymer Capital Management US LLC acquired a new position in shares of Andersen Group in the 4th quarter valued at $648,000. Finally, Oxford Asset Management LLP purchased a new stake in Andersen Group during the fourth quarter worth $833,000.

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.