The Andersons Inc. (ANDE) Stock Price Up 4.1%
Shares of The Andersons Inc. (NASDAQ:ANDE) rose 4.1% during mid-day trading on Friday . The stock traded as high as $38.48 and last traded at $38.30, with a volume of 95,113 shares traded. The stock had previously closed at $36.78.
ANDE has been the topic of several analyst reports. Feltl & Co. lowered shares of The Andersons from a “buy” rating to a “hold” rating in a research report on Monday, May 9th. Stephens upgraded shares of The Andersons from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, May 18th. Macquarie reiterated a “buy” rating and set a $42.00 price target (up previously from $36.00) on shares of The Andersons in a research report on Monday, June 6th. Finally, Zacks Investment Research upgraded shares of The Andersons from a “strong sell” rating to a “hold” rating and set a $41.00 price target on the stock in a research report on Monday, July 11th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $39.50.
The company’s 50-day moving average is $36.62 and its 200 day moving average is $33.06. The company’s market capitalization is $1.08 billion.
The Andersons (NASDAQ:ANDE) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by $0.07. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.24 billion. The firm’s revenue for the quarter was down 10.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.09 earnings per share. On average, analysts expect that The Andersons Inc. will post $0.94 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 24th. Stockholders of record on Monday, October 3rd will be given a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend is Thursday, September 29th.
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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