Andersons (NASDAQ:ANDE – Get Free Report) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday.
Andersons Stock Down 1.1 %
ANDE stock traded down $0.52 during trading on Wednesday, reaching $48.62. 105,261 shares of the stock were exchanged, compared to its average volume of 173,820. The firm’s 50 day moving average is $49.88 and its 200 day moving average is $52.48. The firm has a market cap of $1.66 billion, a P/E ratio of 13.73 and a beta of 0.61. The company has a current ratio of 2.07, a quick ratio of 1.44 and a debt-to-equity ratio of 0.36. Andersons has a twelve month low of $45.07 and a twelve month high of $61.46.
Andersons (NASDAQ:ANDE – Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The basic materials company reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.04). Andersons had a net margin of 0.83% and a return on equity of 6.99%. The firm had revenue of $2.80 billion during the quarter, compared to analyst estimates of $3.20 billion. During the same period last year, the business posted $1.52 EPS. The company’s revenue was down 30.5% on a year-over-year basis.
Institutional Investors Weigh In On Andersons
About Andersons
The Andersons, Inc operates in trade, renewables, and nutrient and industrial sectors in the United States, Canada, Mexico, Egypt, Switzerland, and internationally. It operates through three segments: Trade, Renewables, and Nutrient & Industrial. The company’s Trade segment operates grain elevators; stores commodities; and provides grain marketing, risk management, and origination services, as well as sells commodities, such as corn, soybeans, wheat, oats, ethanol, and corn oil.
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