Andersen Group (NYSE:ANDG) Shares Gap Up on Analyst Upgrade

Shares of Andersen Group Inc. (NYSE:ANDG) gapped up prior to trading on Thursday after Morgan Stanley raised their price target on the stock from $24.00 to $27.00. The stock had previously closed at $35.50, but opened at $37.52. Morgan Stanley currently has an equal weight rating on the stock. Andersen Group shares last traded at $35.39, with a volume of 9,879 shares traded.

ANDG has been the subject of several other research reports. Robert W. Baird raised their price target on shares of Andersen Group from $42.00 to $44.00 and gave the stock an “outperform” rating in a research note on Wednesday. Wells Fargo & Company upped their price objective on Andersen Group from $25.00 to $38.00 and gave the company an “equal weight” rating in a research note on Wednesday. UBS Group raised their target price on Andersen Group from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, April 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $41.00 target price on shares of Andersen Group in a research note on Wednesday. Finally, Weiss Ratings started coverage on Andersen Group in a research note 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 issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.67.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Wells Fargo & Company MN bought a new stake in Andersen Group during the 4th quarter valued at $46,000. PNC Financial Services Group Inc. purchased a new position in shares of Andersen Group in the fourth quarter valued at $215,000. Barclays PLC purchased a new position in shares of Andersen Group in the fourth quarter valued at $218,000. Voloridge Investment Management LLC bought a new stake in shares of Andersen Group during the 4th quarter valued at $259,000. Finally, XTX Topco Ltd purchased a new stake in Andersen Group during the 4th quarter worth about $269,000.

Andersen Group Stock Up 0.3%

The business has a fifty day moving average price of $29.79.

Andersen Group (NYSE:ANDG) last posted its earnings results on Tuesday, May 12th. The company reported $0.03 earnings per share 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 company’s revenue was up 15.7% compared to the same quarter last year. Analysts anticipate that Andersen Group Inc. will post 0.23 earnings per share for the current year.

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.