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

Andersen Group Inc. (NYSE:ANDG) has received a consensus rating of “Moderate Buy” from the nine brokerages that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $39.00.

Several research firms have issued reports on ANDG. UBS Group boosted their target price on Andersen Group from $34.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Morgan Stanley boosted their target price on Andersen Group from $24.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 13th. Weiss Ratings raised Andersen Group from a “sell (e)” rating to a “sell (e+)” rating in a research note on Monday, June 1st. Wells Fargo & Company boosted their price target on Andersen Group from $25.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 13th. Finally, Truist Financial boosted their price target on Andersen Group from $32.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th.

Insider Activity at Andersen Group

In other news, Director Robert V. Gunderson, Jr. purchased 2,367 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were acquired at an average price of $35.82 per share, with a total value of $84,785.94. Following the purchase, the director directly owned 15,000 shares of the company’s stock, valued at $537,300. The trade was a 18.74% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 13.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Andersen Group

Institutional investors have recently modified their holdings of the company. Wells Fargo & Company MN purchased a new stake in shares of Andersen Group during the 4th quarter worth approximately $46,000. PNC Financial Services Group Inc. purchased a new stake in shares of Andersen Group during the 4th quarter worth approximately $215,000. Barclays PLC purchased a new stake in shares of Andersen Group during the 4th quarter worth approximately $218,000. Voloridge Investment Management LLC purchased a new stake in shares of Andersen Group during the 4th quarter worth approximately $259,000. Finally, XTX Topco Ltd purchased a new stake in Andersen Group in the 4th quarter valued at approximately $269,000.

Andersen Group Stock Performance

NYSE ANDG opened at $37.05 on Friday. The stock’s 50 day simple moving average is $35.77. Andersen Group has a 12-month low of $18.12 and a 12-month high of $40.23.

Andersen Group (NYSE:ANDG) last released its earnings results on Tuesday, May 12th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.08). The business had revenue of $240.75 million during the quarter. The business’s revenue for the quarter was up 15.7% on a year-over-year basis. As a group, equities research analysts forecast 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.