Buckingham Research Lowers The Andersons, Inc. (NASDAQ:ANDE) to Neutral

Buckingham Research lowered shares of The Andersons, Inc. (NASDAQ:ANDE) from a buy rating to a neutral rating in a research report released on Wednesday, November 8th, MarketBeat reports.

A number of other equities analysts also recently issued reports on the company. BidaskClub upgraded The Andersons from a strong sell rating to a sell rating in a research note on Friday, August 11th. Zacks Investment Research upgraded The Andersons from a strong sell rating to a hold rating in a research report on Wednesday, November 1st. Finally, Stephens downgraded The Andersons from an overweight rating to an equal weight rating and lowered their target price for the company from $42.00 to $35.00 in a research report on Monday, August 7th. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The Andersons has a consensus rating of Hold and an average target price of $34.50.

Shares of The Andersons (NASDAQ:ANDE) opened at $30.45 on Wednesday. The company has a market capitalization of $867.69, a price-to-earnings ratio of 28.87 and a beta of 1.35. The Andersons has a fifty-two week low of $29.60 and a fifty-two week high of $44.90. The company has a quick ratio of 0.56, a current ratio of 1.36 and a debt-to-equity ratio of 0.50.

The Andersons (NASDAQ:ANDE) last posted its earnings results on Monday, November 6th. The basic materials company reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.07). The business had revenue of $836.60 million during the quarter, compared to the consensus estimate of $899.95 million. The Andersons had a positive return on equity of 3.91% and a negative net margin of 0.45%. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.06 EPS. sell-side analysts expect that The Andersons will post 1.08 earnings per share for the current year.

A number of large investors have recently bought and sold shares of ANDE. BlackRock Inc. raised its holdings in The Andersons by 9,971.2% during the first quarter. BlackRock Inc. now owns 3,283,827 shares of the basic materials company’s stock valued at $124,456,000 after acquiring an additional 3,251,221 shares during the period. Victory Capital Management Inc. boosted its position in shares of The Andersons by 17.0% during the third quarter. Victory Capital Management Inc. now owns 2,346,129 shares of the basic materials company’s stock valued at $80,355,000 after buying an additional 340,400 shares during the period. Walthausen & Co. LLC purchased a new position in shares of The Andersons during the second quarter valued at approximately $11,260,000. Northern Trust Corp boosted its holdings in shares of The Andersons by 32.2% in the second quarter. Northern Trust Corp now owns 1,167,843 shares of the basic materials company’s stock valued at $39,881,000 after purchasing an additional 284,215 shares during the period. Finally, Cambiar Investors LLC purchased a new stake in shares of The Andersons in the second quarter valued at approximately $9,290,000. 77.63% of the stock is currently owned by institutional investors and hedge funds.

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About The Andersons

The Andersons, Inc is a diversified company. The Company conducts business across North America in the grain, ethanol, plant nutrient and rail sectors. The Company also produces turf and cob products, and has a consumer retailing presence. The Company operates through segments, including Grain, Ethanol, Rail, Plant Nutrient and Retail.

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