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.
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.
ILLEGAL ACTIVITY WARNING: This piece of content was first posted by BBNS and is the property of of BBNS. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of international copyright laws. The original version of this piece of content can be accessed at https://baseballnewssource.com/markets/the-andersons-inc-ande-rating-lowered-to-neutral-at-buckingham-research/1768078.html.
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.
Receive News & Ratings for The Andersons Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Andersons Inc. and related companies with our FREE daily email newsletter.