Andersen Group Inc. (NYSE:ANDG) Stock Has Consensus Price Target of $54.00

Shares of Andersen Group Inc. (NYSE:ANDG) have earned an average rating of “Moderate Buy” from the ten research firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $56.14.

A number of equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $56.00 price objective on shares of Andersen Group in a research note on Friday, August 14th. Morgan Stanley increased their target price on Andersen Group from $27.00 to $54.00 and gave the company an “equal weight” rating in a research note on Thursday, August 13th. Weiss Ratings raised shares of Andersen Group from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Thursday. BMO Capital Markets began coverage on shares of Andersen Group in a research note on Tuesday, September 8th. They issued a “market perform” rating and a $58.00 price target for the company. Finally, Robert W. Baird upped their price target on shares of Andersen Group from $57.00 to $64.00 and gave the company an “outperform” rating in a report on Monday, August 31st.

Insider Activity

In other Andersen Group news, major shareholder Durable Capital Partners Lp sold 336,736 shares of the stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $40.01, for a total transaction of $13,472,807.36. Following the sale, the insider directly owned 1,333,749 shares of the company’s stock, valued at approximately $53,363,297.49. This represents a 20.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 13.00% of the company’s stock.

Hedge Funds Weigh In On Andersen Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. bought a new position in Andersen Group in the 4th quarter valued at about $215,000. Bank of America Corp DE raised its position in shares of Andersen Group by 512.0% during the 1st quarter. Bank of America Corp DE now owns 12,852 shares of the company’s stock worth $350,000 after buying an additional 10,752 shares in the last quarter. Corient Private Wealth LLC acquired a new stake in shares of Andersen Group in the 4th quarter worth approximately $357,000. Bank of New York Mellon Corp boosted its holdings in shares of Andersen Group by 47.0% in the first quarter. Bank of New York Mellon Corp now owns 18,636 shares of the company’s stock valued at $507,000 after acquiring an additional 5,962 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new position in shares of Andersen Group in the second quarter valued at approximately $592,000.

Andersen Group Price Performance

Shares of ANDG opened at $53.08 on Tuesday. The stock has a market cap of $6.00 billion and a PE ratio of -100.14. Andersen Group has a 1-year low of $18.12 and a 1-year high of $57.62. The company has a debt-to-equity ratio of 7.82, a current ratio of 2.19 and a quick ratio of 2.19. The firm has a fifty day moving average price of $50.80 and a 200 day moving average price of $40.05.

Andersen Group (NYSE:ANDG) last released its quarterly earnings data on Wednesday, August 12th. The company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.07. The firm had revenue of $217.66 million during the quarter. As a group, sell-side analysts anticipate that Andersen Group will post 0.73 EPS for the current year.

Andersen Group Company Profile

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.