Robert W. Baird Issues Positive Forecast for Andersen Group (NYSE:ANDG) Stock Price

Andersen Group (NYSE:ANDG) had its price target lifted by Robert W. Baird from $64.00 to $71.00 in a research note released on Friday morning,Benzinga reports. They currently have an outperform rating on the stock.

A number of other equities research analysts have also recently issued reports on ANDG. BMO Capital Markets began coverage on shares of Andersen Group in a report on Tuesday, September 8th. They issued a “market perform” rating and a $58.00 target price on the stock. Deutsche Bank reissued a “buy” rating and issued a $56.00 price objective on shares of Andersen Group in a research note on Friday, August 14th. Weiss Ratings raised shares of Andersen Group from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Thursday, September 24th. Wells Fargo & Company raised their target price on Andersen Group from $38.00 to $49.00 and gave the company an “equal weight” rating in a report on Thursday, August 13th. Finally, Truist Financial increased their price target on shares of Andersen Group from $55.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, September 25th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $58.86.

Andersen Group Stock Down 8.1%

Shares of NYSE:ANDG opened at $60.09 on Friday. The business has a fifty day moving average of $58.93 and a 200-day moving average of $41.25. The company has a debt-to-equity ratio of 7.82, a quick ratio of 2.19 and a current ratio of 2.19. Andersen Group has a twelve month low of $18.12 and a twelve month high of $68.41.

Andersen Group (NYSE:ANDG) last released its quarterly earnings data on Wednesday, August 12th. The company reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.07. Andersen Group had a negative return on equity of 5.49% and a negative net margin of 1.22%. The business had revenue of $217.66 million during the quarter. Analysts forecast that Andersen Group will post 0.73 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Andersen Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Global Retirement Partners LLC lifted its holdings in shares of Andersen Group by 454.0% in the third quarter. Global Retirement Partners LLC now owns 554 shares of the company’s stock worth $30,000 after buying an additional 454 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Andersen Group by 353.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,498 shares of the company’s stock valued at $81,000 after purchasing an additional 1,168 shares during the last quarter. Bridges Investment Management Inc. bought a new position in shares of Andersen Group during the 3rd quarter valued at about $221,000. Bank of America Corp DE boosted its holdings in shares of Andersen Group by 512.0% during the 1st quarter. Bank of America Corp DE now owns 12,852 shares of the company’s stock valued at $350,000 after purchasing an additional 10,752 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Andersen Group by 47.0% during the first quarter. Bank of New York Mellon Corp now owns 18,636 shares of the company’s stock valued at $507,000 after purchasing an additional 5,962 shares in the last quarter.

Recent Andersen Group Headlines

Here are a few of the latest headlines about ANDG:

• Positive Sentiment: Third-quarter revenue rose 18.7% to $337.3 million. The company reported EPS of $7.13, above the $0.90 consensus estimate. Andersen Group Reports Third Quarter Revenue Growth of 18.7%
• Positive Sentiment: Baird raised its price target to $71 from $64 and maintained an “outperform” rating, implying substantial upside from the cited share price. Baird raises Andersen price target
• Neutral Sentiment: Overall, the earnings and outlook news are favorable, but the provided headlines do not explain why investors have been selling the stock or provide a clear near-term downside catalyst.

About Andersen Group

Andersen Group is a professional services firm providing tax, legal, valuation, financial advisory and consulting services to individuals, families and businesses. Its work includes tax planning and compliance, business and transaction advisory, and legal and valuation support. The firm traces its origins to WTAS, established in 2002 by former Arthur Andersen professionals. It later adopted the Andersen name and developed an international presence through the Andersen network of affiliated firms.