BidaskClub downgraded shares of The Andersons, Inc. (NASDAQ:ANDE) from a sell rating to a strong sell rating in a report released on Thursday.
ANDE has been the subject of a number of other research reports. Stephens lowered shares of The Andersons from an overweight rating to an equal weight rating and cut their target price for the stock from $42.00 to $35.00 in a research report on Monday, August 7th. BMO Capital Markets lowered their target price on shares of The Andersons from $41.00 to $39.00 and set a market perform rating on the stock in a research note on Monday, May 15th. Finally, Zacks Investment Research raised shares of The Andersons from a strong sell rating to a hold rating in a research note on Thursday, July 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The Andersons presently has a consensus rating of Hold and a consensus price target of $40.00.
The Andersons (ANDE) opened at 31.30 on Thursday. The stock’s market cap is $887.36 million. The company’s 50-day moving average price is $33.30 and its 200-day moving average price is $35.86. The Andersons has a 12 month low of $30.80 and a 12 month high of $44.90.
The Andersons (NASDAQ:ANDE) last released its quarterly earnings data on Thursday, August 3rd. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by $0.17. The Andersons had a negative net margin of 0.47% and a positive return on equity of 3.77%. The business had revenue of $993.70 million during the quarter, compared to analyst estimates of $1.06 billion. During the same period in the previous year, the firm posted $0.51 EPS. The firm’s revenue for the quarter was down 6.6% on a year-over-year basis. Equities analysts forecast that The Andersons will post $1.71 earnings per share for the current year.
A number of large investors have recently modified their holdings of ANDE. Public Employees Retirement System of Ohio increased its stake in shares of The Andersons by 10.2% in the second quarter. Public Employees Retirement System of Ohio now owns 5,928 shares of the basic materials company’s stock valued at $202,000 after buying an additional 549 shares in the last quarter. Walthausen & Co. LLC acquired a new position in The Andersons during the second quarter worth $11,260,000. The Manufacturers Life Insurance Company increased its position in The Andersons by 0.9% in the second quarter. The Manufacturers Life Insurance Company now owns 20,957 shares of the basic materials company’s stock worth $716,000 after buying an additional 181 shares during the period. State Street Corp increased its position in The Andersons by 0.6% in the second quarter. State Street Corp now owns 664,780 shares of the basic materials company’s stock worth $22,702,000 after buying an additional 4,120 shares during the period. Finally, Voya Investment Management LLC increased its position in The Andersons by 8.3% in the second quarter. Voya Investment Management LLC now owns 13,315 shares of the basic materials company’s stock worth $455,000 after buying an additional 1,026 shares during the period. 75.50% of the stock is owned by hedge funds and other institutional investors.
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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