The Andersons Inc. (ANDE) Shares Down 2.6%
The Andersons Inc. (NASDAQ:ANDE) was down 2.6% during mid-day trading on Monday . The company traded as low as $36.07 and last traded at $36.34, with a volume of 141,250 shares changing hands. The stock had previously closed at $37.32.
A number of equities research analysts have recently issued reports on ANDE shares. Feltl & Co. lowered The Andersons from a “buy” rating to a “hold” rating in a research report on Monday, May 9th. Macquarie restated a “buy” rating and issued a $42.00 price target (up from $36.00) on shares of The Andersons in a research report on Monday, June 6th. Stephens upgraded The Andersons from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, May 18th. Finally, Zacks Investment Research lowered The Andersons from a “buy” rating to a “hold” rating in a research report on Monday, August 1st. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $39.50.
The firm has a 50-day moving average of $36.27 and a 200 day moving average of $32.27. The firm’s market capitalization is $1.03 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 Zacks’ 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. During the same period last year, the firm posted $1.09 EPS. The company’s revenue for the quarter was down 10.4% on a year-over-year basis. Equities research analysts anticipate that The Andersons Inc. will post $0.87 EPS for the current fiscal year.
Several large investors recently bought and sold shares of the stock. Nationwide Fund Advisors increased its stake in The Andersons by 0.3% in the fourth quarter. Nationwide Fund Advisors now owns 38,927 shares of the company’s stock worth $1,231,000 after buying an additional 123 shares during the last quarter. Rhumbline Advisers increased its stake in 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 last quarter. State of Tennessee Treasury Department increased its stake in 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 last quarter. Finally, Dimensional Fund Advisors LP increased its stake in 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 last quarter.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.