Analysts Set The Andersons, Inc. (NASDAQ:ANDE) Target Price at $95.00

The Andersons, Inc. (NASDAQ:ANDE) has received an average rating of “Buy” from the five ratings firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $95.00.

Several analysts recently issued reports on ANDE shares. The Goldman Sachs Group downgraded Andersons to a “buy” rating in a research note on Thursday, June 18th. Weiss Ratings reissued a “hold (c+)” rating on shares of Andersons in a report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft set a $110.00 target price on shares of Andersons in a research report on Tuesday, August 4th. BMO Capital Markets upped their price target on shares of Andersons from $75.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Finally, Texas Capital raised shares of Andersons to a “strong-buy” rating in a research report on Thursday, June 18th.

Insider Buying and Selling at Andersons

In other news, Director Patrick E. Bowe sold 3,534 shares of Andersons stock in a transaction that occurred on Wednesday, July 22nd. The shares were sold at an average price of $80.53, for a total value of $284,593.02. Following the completion of the sale, the director directly owned 74,875 shares in the company, valued at approximately $6,029,683.75. The trade was a 4.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 4.30% of the company’s stock.

Hedge Funds Weigh In On Andersons

A number of hedge funds have recently added to or reduced their stakes in ANDE. Uniplan Investment Counsel Inc. acquired a new stake in shares of Andersons during the 4th quarter worth $25,000. Optima Capital LLC acquired a new position in Andersons in the fourth quarter valued at about $32,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Andersons during the second quarter worth about $38,000. Larson Financial Group LLC grew its stake in Andersons by 33,600.0% during the third quarter. Larson Financial Group LLC now owns 1,011 shares of the basic materials company’s stock worth $40,000 after buying an additional 1,008 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its holdings in Andersons by 95.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 820 shares of the basic materials company’s stock valued at $44,000 after buying an additional 400 shares during the period. Institutional investors own 87.06% of the company’s stock.

Andersons Stock Down 0.0%

Andersons stock opened at $68.86 on Wednesday. The company’s 50-day moving average price is $71.07 and its two-hundred day moving average price is $70.54. The company has a quick ratio of 0.81, a current ratio of 1.51 and a debt-to-equity ratio of 0.42. The stock has a market cap of $2.34 billion, a P/E ratio of 13.29 and a beta of 0.66. Andersons has a twelve month low of $37.69 and a twelve month high of $82.11.

Andersons (NASDAQ:ANDE) last issued its quarterly earnings data on Monday, August 3rd. The basic materials company reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.48 by $0.67. The company had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.28 billion. Andersons had a return on equity of 16.23% and a net margin of 1.62%.The business’s revenue was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.24 earnings per share.

Andersons Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 1st were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $0.80 annualized dividend and a dividend yield of 1.2%. Andersons’s dividend payout ratio (DPR) is currently 15.44%.

Andersons Company Profile

The Andersons, Inc operates as a diversified agriculture company offering a broad range of products and services to farmers, retailers and industrial customers. Through its Grain Group, the company purchases, stores, merchandises and transports corn, soybeans and other commodities, while its Renewables Group produces ethanol and distillers grains at multiple plants in the U.S. The Rail Group provides locomotive leasing, railcar repair and related maintenance services, and the Horticulture Group supplies turf, specialty and horticultural products to landscaping professionals and consumer lawn and garden retailers.

Founded in 1947 and headquartered in Maumee, Ohio, The Andersons has grown from a regional grain elevator operator into an integrated agribusiness platform.