Wells Fargo & Company Boosts Andersen Group (NYSE:ANDG) Price Target to $38.00

Andersen Group (NYSE:ANDG) had its price objective upped by Wells Fargo & Company from $25.00 to $38.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price indicates a potential upside of 1.34% from the stock’s current price.

Several other research firms have also recently commented on ANDG. Weiss Ratings began coverage on shares of Andersen Group in a research report on Monday, April 6th. They issued a “sell (e)” rating on the stock. Zacks Research raised Andersen Group to a “hold” rating in a research report on Tuesday, January 13th. Robert W. Baird boosted their target price on Andersen Group from $42.00 to $44.00 and gave the stock an “outperform” rating in a report on Wednesday. UBS Group increased their target price on Andersen Group from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Monday, April 13th. Finally, Morgan Stanley boosted their target price on shares of Andersen Group from $22.00 to $24.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 18th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $35.00.

Andersen Group Trading Up 3.1%

ANDG opened at $37.50 on Wednesday. The stock has a fifty day moving average price of $29.56. Andersen Group has a twelve month low of $18.12 and a twelve month high of $37.75.

Andersen Group (NYSE:ANDG) last posted its earnings results on Tuesday, May 12th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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. Research analysts predict that Andersen Group will post 0.23 earnings per share for the current year.

Hedge Funds Weigh In On Andersen Group

Several hedge funds and other institutional investors have recently made changes to their positions in ANDG. Wells Fargo & Company MN acquired a new stake in shares of Andersen Group during the 4th quarter worth approximately $46,000. PNC Financial Services Group Inc. acquired a new position in Andersen Group during the fourth quarter valued at approximately $215,000. Barclays PLC bought a new stake in Andersen Group during the fourth quarter worth $218,000. Voloridge Investment Management LLC acquired a new stake in shares of Andersen Group in the 4th quarter valued at $259,000. Finally, XTX Topco Ltd acquired a new stake in shares of Andersen Group in the 4th quarter valued at $269,000.

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.