Truist Financial Issues Positive Forecast for Andersen Group (NYSE:ANDG) Stock Price

Andersen Group (NYSE:ANDG) had its target price raised by Truist Financial from $32.00 to $42.00 in a report released on Wednesday morning, MarketBeat reports. They currently have a buy rating on the stock.

A number of other equities analysts have also recently commented on ANDG. Zacks Research raised Andersen Group to a “hold” rating in a report on Tuesday, January 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $41.00 price target on shares of Andersen Group in a report on Wednesday. UBS Group boosted their price target on Andersen Group from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Monday, April 13th. Wells Fargo & Company boosted their price target on Andersen Group from $25.00 to $38.00 and gave the stock an “equal weight” rating in a report on Wednesday. Finally, Weiss Ratings assumed coverage on Andersen Group in a report on Monday, April 6th. They set a “sell (e)” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.67.

Andersen Group Stock Down 2.7%

Shares of NYSE ANDG opened at $35.41 on Wednesday. The firm has a fifty day moving average of $29.79. Andersen Group has a fifty-two week low of $18.12 and a fifty-two week high of $39.54.

Andersen Group (NYSE:ANDG) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.08). The business had revenue of $240.75 million during the quarter. The firm’s revenue for the quarter was up 15.7% compared to the same quarter last year. As a group, equities research analysts forecast that Andersen Group will post 0.23 EPS for the current fiscal year.

Institutional Investors Weigh In On Andersen Group

A number of hedge funds and other institutional investors have recently bought and sold shares of ANDG. JPMorgan Chase & Co. bought a new stake in Andersen Group during the 4th quarter worth $45,987,000. J. Goldman & Co LP bought a new stake in Andersen Group during the 4th quarter worth $30,079,000. Brown Advisory Inc. bought a new stake in Andersen Group during the 4th quarter worth $29,365,000. Franklin Resources Inc. bought a new stake in Andersen Group during the 4th quarter worth $25,864,000. Finally, Royce & Associates LP bought a new stake in Andersen Group during the 4th quarter worth $19,948,000.

Key Stories Impacting Andersen Group

Here are the key news stories impacting Andersen Group this week:

• Positive Sentiment: Truist raised its price target on Andersen Group to $42 from $32 and kept a buy rating, signaling confidence in further upside. Truist price target raised to $42
• Positive Sentiment: Robert W. Baird increased its target to $44 from $42 and maintained an outperform rating, reinforcing a bullish long-term outlook. Robert W. Baird price target raised to $44
• Positive Sentiment: Wells Fargo lifted its price target to $38 from $25, suggesting analysts see room for recovery even though the firm kept an equal weight rating. Wells Fargo price target raised to $38
• Neutral Sentiment: Andersen’s first-quarter results showed revenue of $240.75 million, up 15.7% year over year, but EPS came in at $0.03 versus the $0.11 consensus estimate, which likely capped enthusiasm. Q1 earnings results
• Negative Sentiment: The company also updated second-quarter guidance with revenue expected between $190 million and $205 million, roughly around Wall Street’s expectations, leaving investors focused on margin and earnings execution. Q2 guidance update

About Andersen Group

Our mission is to deliver exceptional client service grounded in integrity, transparency, and excellence. Since our founding in 2002, we have experienced rapid and sustained growth, powered by our people, our values and our relentless commitment to innovative, client-focused solutions. Building on the rich traditions and culture of the former Arthur Andersen, we are driven by a bold vision to lead in a complex global marketplace, creating lasting value for our clients, our people and our investors.