The Andersons Inc. (ANDE) Trading Down 2.6%
Shares of The Andersons Inc. (NASDAQ:ANDE) traded down 2.6% during trading on Monday . The company traded as low as $36.07 and last traded at $36.34, with a volume of 141,250 shares. The stock had previously closed at $37.32.
ANDE has been the subject of several recent research reports. Zacks Investment Research downgraded The Andersons from a “buy” rating to a “hold” rating in a report on Monday, August 1st. Macquarie reiterated a “buy” rating and issued a $42.00 price target (up from $36.00) on shares of The Andersons in a report on Monday, June 6th. Feltl & Co. downgraded The Andersons from a “buy” rating to a “hold” rating in a report on Monday, May 9th. Finally, Stephens upgraded The Andersons from an “equal weight” rating to an “overweight” rating in a report on Wednesday, May 18th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $39.50.
The stock’s market capitalization is $1.01 billion. The firm’s 50-day moving average price is $36.34 and its 200-day moving average price is $32.32.
The Andersons (NASDAQ:ANDE) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by $0.07. During the same period last year, the company earned $1.09 earnings per share. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.24 billion. The business’s revenue for the quarter was down 10.4% on a year-over-year basis. Equities analysts predict that The Andersons Inc. will post $0.87 earnings per share for the current year.
Other large investors recently modified their holdings of the company. Rhumbline Advisers raised its stake in shares of The Andersons by 2.9% in the fourth quarter. Rhumbline Advisers now owns 49,926 shares of the company’s stock worth $1,579,000 after buying an additional 1,400 shares during the period. State of Tennessee Treasury Department raised its stake in shares of The Andersons by 60.5% in the fourth quarter. State of Tennessee Treasury Department now owns 54,400 shares of the company’s stock worth $1,720,000 after buying an additional 20,500 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of The Andersons by 7.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,807,524 shares of the company’s stock worth $57,172,000 after buying an additional 125,614 shares during the period.
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 five segments: Grain, Ethanol, Rail, Plant Nutrient and Retail.
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