Andersons (NASDAQ:ANDE) Price Target Cut to $55.00 by Analysts at Lake Street Capital

Andersons (NASDAQ:ANDE) had its price target decreased by equities research analysts at Lake Street Capital from $70.00 to $55.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the basic materials company’s stock. Lake Street Capital’s price target would indicate a potential upside of 58.73% from the stock’s current price.

A number of other equities research analysts also recently weighed in on the stock. BMO Capital Markets initiated coverage on shares of Andersons in a report on Tuesday. They issued a “market perform” rating and a $45.00 price target for the company. Stephens reissued an “overweight” rating and set a $55.00 price objective on shares of Andersons in a research report on Wednesday, February 19th. Finally, StockNews.com raised shares of Andersons from a “hold” rating to a “buy” rating in a research note on Wednesday.

Andersons Stock Performance

Andersons stock opened at $34.65 on Thursday. Andersons has a 12 month low of $31.03 and a 12 month high of $55.52. The company has a fifty day moving average price of $39.67 and a two-hundred day moving average price of $42.50. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.65 and a quick ratio of 0.90. The company has a market cap of $1.18 billion, a PE ratio of 10.44 and a beta of 0.73.

Andersons (NASDAQ:ANDE) last announced its quarterly earnings results on Tuesday, May 6th. The basic materials company reported $0.12 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.20. The company had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.85 billion. Andersons had a net margin of 1.01% and a return on equity of 7.59%. Andersons’s revenue was down 2.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.16 earnings per share. Research analysts expect that Andersons will post 3.11 earnings per share for the current year.

Insider Buying and Selling

In related news, VP Weston Heide sold 800 shares of the business’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $48.00, for a total transaction of $38,400.00. Following the transaction, the vice president now directly owns 16,104 shares in the company, valued at $772,992. The trade was a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 4.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ANDE. Vanguard Group Inc. boosted its position in shares of Andersons by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 4,113,185 shares of the basic materials company’s stock valued at $176,579,000 after acquiring an additional 115,948 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Andersons by 7.8% during the 4th quarter. American Century Companies Inc. now owns 1,166,781 shares of the basic materials company’s stock worth $47,278,000 after buying an additional 84,133 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Andersons by 6.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 800,220 shares of the basic materials company’s stock valued at $34,353,000 after buying an additional 48,596 shares in the last quarter. Northern Trust Corp boosted its stake in Andersons by 11.0% in the 4th quarter. Northern Trust Corp now owns 615,897 shares of the basic materials company’s stock valued at $24,956,000 after buying an additional 61,250 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its position in Andersons by 21.4% in the fourth quarter. Ameriprise Financial Inc. now owns 463,548 shares of the basic materials company’s stock valued at $18,783,000 after acquiring an additional 81,777 shares during the period. 87.06% of the stock is owned by institutional investors.

Andersons Company Profile

The Andersons, Inc operates in trade, renewables, and nutrient and industrial sectors in the United States, Canada, Mexico, Egypt, Switzerland, and internationally. It operates through three segments: Trade, Renewables, and Nutrient & Industrial. 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, ethanol, and corn oil.