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

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

A number of equities research analysts have weighed in on ANDG shares. UBS Group upped their price target on shares of Andersen Group from $34.00 to $42.00 and gave the company a “buy” rating in a report on Thursday, May 14th. Morgan Stanley upped their price target on Andersen Group from $24.00 to $27.00 and gave the company an “equal weight” rating in a report on Wednesday, May 13th. Weiss Ratings began coverage on Andersen Group in a report on Monday, April 6th. They issued a “sell (e)” rating on the stock. Robert W. Baird upped their price target on Andersen Group from $42.00 to $44.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. Finally, Wells Fargo & Company upped their price target on Andersen Group from $25.00 to $38.00 and gave the company an “equal weight” rating in a report on Wednesday, May 13th.

Hedge Funds Weigh In On Andersen Group

A number of institutional investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC increased its stake in Andersen Group by 1.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 130,856 shares of the company’s stock worth $3,559,000 after purchasing an additional 1,267 shares in the last quarter. Wells Fargo & Company MN purchased a new position in Andersen Group in the 4th quarter worth about $46,000. Bank of New York Mellon Corp increased its stake in Andersen Group by 47.0% in the 1st quarter. Bank of New York Mellon Corp now owns 18,636 shares of the company’s stock worth $507,000 after purchasing an additional 5,962 shares in the last quarter. PNC Financial Services Group Inc. purchased a new position in Andersen Group in the 4th quarter worth about $215,000. Finally, Barclays PLC purchased a new position in Andersen Group in the 4th quarter worth about $218,000.

Andersen Group Price Performance

Shares of NYSE ANDG opened at $35.11 on Wednesday. Andersen Group has a 1 year low of $18.12 and a 1 year high of $39.54. The firm’s fifty day moving average price is $30.68.

Andersen Group (NYSE:ANDG) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.08). The business had revenue of $240.75 million for the quarter. Andersen Group’s revenue for the quarter was up 15.7% compared to the same quarter last year. Equities research analysts forecast that Andersen Group will post 0.23 earnings per share for the current year.

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.