The Andersons, Inc. (NASDAQ:ANDE) Stock Has Consensus Price Target of $95.00 According to Brokerages

Shares of The Andersons, Inc. (NASDAQ:ANDE) have earned an average rating of “Buy” from the five research firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $95.00.

Several equities research analysts recently issued reports on the company. BMO Capital Markets boosted their price objective on Andersons from $75.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. The Goldman Sachs Group cut shares of Andersons to a “buy” rating in a research report on Thursday, June 18th. Deutsche Bank Aktiengesellschaft set a $110.00 price target on Andersons in a report on Tuesday, August 4th. Benchmark restated a “buy” rating on shares of Andersons in a research note on Monday, June 15th. Finally, Weiss Ratings lowered shares of Andersons from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, September 1st.

Insider Buying and Selling at Andersons

In related news, Director Patrick Bowe sold 3,534 shares of the firm’s stock in a transaction dated Wednesday, July 22nd. The stock was sold at an average price of $80.53, for a total transaction of $284,593.02. Following the transaction, the director owned 74,875 shares of the company’s stock, valued at $6,029,683.75. This trade represents a 4.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 4.30% of the company’s stock.

Institutional Investors Weigh In On Andersons

Several large investors have recently modified their holdings of ANDE. BlackRock Inc. purchased a new position in Andersons during the 2nd quarter worth $427,688,000. Janus Henderson Group PLC boosted its stake in shares of Andersons by 35.1% during the 1st quarter. Janus Henderson Group PLC now owns 860,942 shares of the basic materials company’s stock worth $61,768,000 after acquiring an additional 223,600 shares in the last quarter. Jupiter Topco LLC acquired a new stake in Andersons in the second quarter valued at $54,610,000. Bank of New York Mellon Corp acquired a new stake in Andersons in the 2nd quarter valued at about $20,628,000. Finally, Man Group plc purchased a new position in shares of Andersons during the 2nd quarter worth approximately $15,490,000. Hedge funds and other institutional investors own 87.06% of the company’s stock.

Andersons Trading Down 1.0%

Shares of ANDE stock opened at $65.94 on Thursday. The company has a 50-day moving average of $68.04 and a two-hundred day moving average of $70.93. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.51 and a quick ratio of 0.81. Andersons has a 1-year low of $40.81 and a 1-year high of $82.11. The firm has a market cap of $2.25 billion, a PE ratio of 12.73 and a beta of 0.65.

Andersons (NASDAQ:ANDE) last posted its quarterly earnings data on Monday, August 3rd. The basic materials company reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.48 by $0.67. Andersons had a net margin of 1.62% and a return on equity of 16.23%. The firm had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.28 billion. During the same quarter last year, the company posted $0.24 EPS. The firm’s quarterly revenue was down 1.2% on a year-over-year basis.

Andersons Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 22nd. Stockholders of record on Thursday, October 1st will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, October 1st. Andersons’s dividend payout ratio is presently 15.44%.

About Andersons

The Andersons, Inc is an agribusiness company that supplies agricultural inputs, manages and markets grain, and produces renewable fuels and related co-products. Its activities support farmers, food and feed manufacturers, fuel producers, and industrial customers, primarily in the United States.

The company operates through businesses focused on trade, renewables, and nutrients and industrial products. Its offerings and services include grain merchandising and storage, commodity marketing, ethanol production, plant nutrients, fertilizers, soil amendments, and specialty agricultural and industrial products.