The Andersons, Inc. (NASDAQ:ANDE) Stock Has Average Target Price of $95.00

The Andersons, Inc. (NASDAQ:ANDE) has received an average recommendation of “Buy” from the five research firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $95.00.

A number of brokerages recently commented on ANDE. Texas Capital raised Andersons to a “strong-buy” rating in a research report on Thursday, June 18th. BMO Capital Markets boosted their price objective on Andersons from $75.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft set a $110.00 target price on Andersons in a research report on Tuesday, August 4th. Wall Street Zen downgraded shares of Andersons from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 12th. Finally, Benchmark restated a “buy” rating on shares of Andersons in a report on Monday, June 15th.

Insider Buying and Selling

In other news, Director Patrick Bowe sold 3,534 shares of the stock in a transaction that occurred on Wednesday, July 22nd. The stock was 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 of the company’s stock, valued at $6,029,683.75. This represents a 4.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 4.30% of the company’s stock.

Institutional Investors Weigh In On Andersons

Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. bought a new position in shares of Andersons during the second quarter valued at about $427,688,000. Jupiter Topco LLC bought a new position in shares of Andersons during the 2nd quarter worth approximately $54,610,000. Bank of New York Mellon Corp bought a new position in shares of Andersons during the 2nd quarter worth approximately $20,628,000. Man Group plc purchased a new position in shares of Andersons in the 2nd quarter worth approximately $15,490,000. Finally, Janus Henderson Group PLC grew its holdings 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 acquiring an additional 223,600 shares in the last quarter. 87.06% of the stock is owned by hedge funds and other institutional investors.

Andersons Stock Up 3.4%

Andersons stock opened at $67.72 on Thursday. 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 company has a market capitalization of $2.31 billion, a PE ratio of 13.07 and a beta of 0.65. The firm’s fifty day moving average is $68.41 and its 200 day moving average is $70.99. Andersons has a 12-month low of $39.94 and a 12-month high of $82.11.

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

Andersons Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 22nd. Investors of record on Thursday, October 1st will be given a $0.20 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $0.80 annualized dividend and a yield of 1.2%. Andersons’s dividend payout ratio (DPR) is presently 15.44%.

Andersons Company Profile

The Andersons, Inc is an agribusiness company that supplies agricultural inputs, manages and markets grain, and produces renewable fuels and related co-products. Its activities support farmers, food and feed manufacturers, fuel producers, and industrial customers, primarily in the United States.

The company operates through businesses focused on trade, renewables, and nutrients and industrial products. Its offerings and services include grain merchandising and storage, commodity marketing, ethanol production, plant nutrients, fertilizers, soil amendments, and specialty agricultural and industrial products.