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

The Andersons, Inc. (NASDAQ:ANDE) has earned a consensus recommendation of “Buy” from the five analysts that are currently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $95.00.

Several analysts recently issued reports on the company. Weiss Ratings upgraded Andersons from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Wall Street Zen raised Andersons from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 17th. BMO Capital Markets lifted their price target on Andersons from $75.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft set a $110.00 price objective on Andersons in a report on Tuesday, August 4th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ANDE. Crossmark Global Holdings Inc. raised its holdings in Andersons by 5.2% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 5,159 shares of the basic materials company’s stock worth $339,000 after purchasing an additional 253 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Andersons by 1.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 30,100 shares of the basic materials company’s stock valued at $1,978,000 after purchasing an additional 487 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Andersons in the 2nd quarter valued at about $38,000. The Manufacturers Life Insurance Company grew its position in shares of Andersons by 4.3% during the 1st quarter. The Manufacturers Life Insurance Company now owns 15,993 shares of the basic materials company’s stock worth $1,148,000 after buying an additional 656 shares during the period. Finally, Contravisory Investment Management Inc. raised its stake in shares of Andersons by 17.4% during the third quarter. Contravisory Investment Management Inc. now owns 4,458 shares of the basic materials company’s stock worth $293,000 after buying an additional 660 shares during the last quarter. Institutional investors own 87.06% of the company’s stock.

Andersons Price Performance

Andersons stock opened at $64.29 on Monday. Andersons has a one year low of $44.63 and a one year high of $82.11. The firm has a market capitalization of $2.19 billion, a P/E ratio of 12.41 and a beta of 0.63. The company has a 50-day simple moving average of $66.99 and a 200-day simple moving average of $69.02. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.81 and a current ratio of 1.51.

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

Andersons Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 22nd. Investors of record on Thursday, October 1st were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Thursday, October 1st. Andersons’s dividend payout ratio (DPR) is 15.44%.

Andersons Company Profile

The Andersons, Inc (NASDAQ: ANDE) is an agribusiness company that provides products and services supporting the agricultural supply chain. Founded in 1947 and headquartered in Maumee, Ohio, the company serves farmers, agricultural retailers, manufacturers, and other customers primarily in North America.

The company’s Trade segment merchandises and manages the movement and storage of grains and other agricultural commodities. Its operations include grain elevators, commodity trading, logistics, and related services that connect producers with domestic and international markets.

Through its Ethanol segment, The Andersons produces renewable fuels and markets co-products such as distillers grains and corn oil.