The Andersons, Inc. (NASDAQ:ANDE) Stock Rated “Buy” by Wall Street Brokerages

The Andersons, Inc. (NASDAQ:ANDE) has received an average recommendation of “Buy” from the five ratings firms that are presently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $95.00.

A number of equities analysts recently commented on ANDE shares. Wall Street Zen upgraded Andersons from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 17th. Deutsche Bank Aktiengesellschaft set a $110.00 price objective on Andersons in a research note on Tuesday, August 4th. BMO Capital Markets raised their price objective on Andersons from $75.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. Finally, Weiss Ratings upgraded Andersons from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th.

Andersons Stock Performance

Shares of ANDE opened at $64.93 on Monday. The firm has a 50-day moving average of $67.44 and a 200-day moving average of $70.40. Andersons has a one year low of $44.63 and a one year high of $82.11. The company has a market cap of $2.21 billion, a PE ratio of 12.53 and a beta of 0.65. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.51 and a quick ratio of 0.81.

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

Andersons Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 22nd. Investors of record on Thursday, October 1st were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Thursday, October 1st. Andersons’s dividend payout ratio is 15.44%.

Hedge Funds Weigh In On Andersons

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ANDE. BlackRock Inc. acquired a new position in shares of Andersons in the second quarter valued at $427,688,000. Janus Henderson Group PLC raised its position in shares of Andersons by 35.1% in the first quarter. Janus Henderson Group PLC now owns 860,942 shares of the basic materials company’s stock valued at $61,768,000 after purchasing an additional 223,600 shares during the period. Jupiter Topco LLC bought a new position in shares of Andersons in the second quarter valued at about $54,610,000. Bank of New York Mellon Corp bought a new position in shares of Andersons in the second quarter valued at about $20,628,000. Finally, Man Group plc acquired a new stake in shares of Andersons during the 2nd quarter worth about $15,490,000. 87.06% of the stock is owned by institutional investors.

Andersons Company Profile

The Andersons, Inc (NASDAQ: ANDE) is an agribusiness company that provides products and services supporting the agricultural supply chain. Founded in 1947 and headquartered in Maumee, Ohio, the company serves farmers, agricultural retailers, manufacturers, and other customers primarily in North America.

The company’s Trade segment merchandises and manages the movement and storage of grains and other agricultural commodities. Its operations include grain elevators, commodity trading, logistics, and related services that connect producers with domestic and international markets.

Through its Ethanol segment, The Andersons produces renewable fuels and markets co-products such as distillers grains and corn oil.