Andersons Inc (NASDAQ:ANDE) Receives $30.00 Consensus Target Price from Analysts

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Andersons Inc (NASDAQ:ANDE) has been given an average recommendation of “Hold” by the six analysts that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $25.50.

Several equities analysts have recently issued reports on ANDE shares. BidaskClub lowered Andersons from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 2nd. Stephens started coverage on Andersons in a report on Monday, October 7th. They issued an “equal weight” rating and a $21.00 target price for the company.

A number of institutional investors have recently bought and sold shares of ANDE. Resources Investment Advisors Inc. purchased a new position in Andersons in the first quarter valued at approximately $31,000. Marshall Wace LLP purchased a new position in Andersons in the first quarter valued at approximately $540,000. Trust Co. of Toledo NA OH purchased a new position in Andersons in the first quarter valued at approximately $233,000. Crossmark Global Holdings Inc. lifted its stake in Andersons by 4.8% in the second quarter. Crossmark Global Holdings Inc. now owns 12,660 shares of the basic materials company’s stock valued at $345,000 after purchasing an additional 580 shares during the last quarter. Finally, First Trust Advisors LP purchased a new position in Andersons in the second quarter valued at approximately $1,558,000. Institutional investors and hedge funds own 75.73% of the company’s stock.

Shares of ANDE opened at $18.64 on Monday. The firm has a market capitalization of $607.66 million, a P/E ratio of 11.43 and a beta of 1.22. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.78 and a current ratio of 1.36. The stock has a 50 day moving average price of $23.28 and a two-hundred day moving average price of $27.30. Andersons has a 52 week low of $18.02 and a 52 week high of $38.23.

Andersons (NASDAQ:ANDE) last released its earnings results on Tuesday, August 6th. The basic materials company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.31. The company had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.37 billion. Andersons had a return on equity of 5.29% and a net margin of 0.64%. Andersons’s quarterly revenue was up 155.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.76 earnings per share.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 22nd. Investors of record on Tuesday, October 1st will be paid a $0.17 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.68 annualized dividend and a yield of 3.65%.

Andersons Company Profile

The Andersons, Inc, an agriculture company, operates in the grain, ethanol, plant nutrient, and rail sectors in the United States and internationally. The company's Grain segment operates grain elevators; stores grains; and provides grain marketing, risk management, and corn origination services to its customers and affiliated ethanol facilities.

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