Andersons (NASDAQ:ANDE) Stock Rating Reaffirmed by Roth Capital

Andersons (NASDAQ:ANDEGet Free Report)‘s stock had its “buy” rating reiterated by equities researchers at Roth Capital in a research report issued on Tuesday, Benzinga reports. They presently have a $65.00 price objective on the basic materials company’s stock. Roth Capital’s price objective indicates a potential upside of 25.92% from the company’s previous close. Roth Capital also issued estimates for Andersons’ FY2023 earnings at $2.96 EPS, Q1 2024 earnings at $0.45 EPS, Q2 2024 earnings at $0.30 EPS, Q3 2024 earnings at ($0.54) EPS, Q4 2024 earnings at $0.31 EPS, FY2024 earnings at $0.53 EPS and FY2025 earnings at $2.81 EPS.

Separately, StockNews.com upgraded Andersons from a “hold” rating to a “buy” rating in a research report on Thursday, January 11th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $62.50.

Read Our Latest Report on ANDE

Andersons Price Performance

NASDAQ:ANDE opened at $51.62 on Tuesday. The company has a quick ratio of 1.10, a current ratio of 1.80 and a debt-to-equity ratio of 0.39. The business’s 50-day simple moving average is $53.79 and its two-hundred day simple moving average is $51.84. The stock has a market cap of $1.74 billion, a PE ratio of 30.19 and a beta of 0.67. Andersons has a 52 week low of $35.69 and a 52 week high of $58.84.

Andersons (NASDAQ:ANDEGet Free Report) last issued its quarterly earnings data on Wednesday, November 8th. The basic materials company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.39). The firm had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.90 billion. Andersons had a net margin of 0.36% and a return on equity of 6.85%. The company’s revenue for the quarter was down 13.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.50 EPS. As a group, analysts forecast that Andersons will post 2.92 EPS for the current fiscal year.

Insiders Place Their Bets

In other Andersons news, CEO Patrick E. Bowe sold 4,406 shares of the company’s stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $56.25, for a total transaction of $247,837.50. Following the completion of the sale, the chief executive officer now owns 48,917 shares in the company, valued at $2,751,581.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CEO Patrick E. Bowe sold 4,406 shares of the stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $56.25, for a total transaction of $247,837.50. Following the completion of the sale, the chief executive officer now owns 48,917 shares in the company, valued at approximately $2,751,581.25. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Brian K. Walz sold 2,606 shares of the stock in a transaction on Friday, December 1st. The shares were sold at an average price of $50.00, for a total value of $130,300.00. Following the sale, the vice president now owns 12,404 shares of the company’s stock, valued at approximately $620,200. The disclosure for this sale can be found here. Insiders sold a total of 57,817 shares of company stock worth $3,214,825 over the last 90 days. Company insiders own 5.70% of the company’s stock.

Institutional Trading of Andersons

Several hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. lifted its holdings in shares of Andersons by 2.2% during the 1st quarter. BlackRock Inc. now owns 5,650,640 shares of the basic materials company’s stock valued at $283,999,000 after purchasing an additional 120,906 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Andersons by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 3,971,447 shares of the basic materials company’s stock valued at $204,569,000 after purchasing an additional 47,494 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Andersons by 1.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,818,680 shares of the basic materials company’s stock valued at $162,189,000 after acquiring an additional 46,203 shares during the period. Pacer Advisors Inc. increased its position in shares of Andersons by 64.5% in the 4th quarter. Pacer Advisors Inc. now owns 2,314,734 shares of the basic materials company’s stock valued at $133,190,000 after acquiring an additional 907,734 shares during the period. Finally, State Street Corp increased its position in shares of Andersons by 1.2% in the 3rd quarter. State Street Corp now owns 1,237,728 shares of the basic materials company’s stock valued at $38,629,000 after acquiring an additional 14,313 shares during the period. Hedge funds and other institutional investors own 85.16% of the company’s stock.

About Andersons

(Get Free Report)

The Andersons, Inc operates in trade, renewables, and plant nutrient sectors in the United States and internationally. It operates through three segments: Trade, Renewables, and Plant Nutrient. The company's Trade segment operates grain elevators; stores commodities; and provides grain marketing, risk management, and origination services, as well as sells commodities, such as corn, soybeans, wheat, oats, and corn oil.

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