Andersen Group (NYSE:ANDG) Sets New 1-Year High – Still a Buy?

Andersen Group Inc. (NYSE:ANDG)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $40.00 and last traded at $36.7490, with a volume of 227 shares changing hands. The stock had previously closed at $37.30.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. 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, May 13th. Wells Fargo & Company raised their price objective on shares of Andersen Group from $25.00 to $38.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 13th. UBS Group increased their target price on Andersen Group from $34.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday. Morgan Stanley raised their target price on Andersen Group from $24.00 to $27.00 and gave the company an “equal weight” rating in a report on Wednesday, May 13th. Finally, Robert W. Baird increased their price target on shares of Andersen Group from $42.00 to $44.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $39.00.

Andersen Group Stock Down 2.5%

The stock’s 50 day moving average is $30.46.

Andersen Group (NYSE:ANDG) last released its quarterly 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 firm had revenue of $240.75 million during the quarter. Andersen Group’s revenue for the quarter was up 15.7% compared to the same quarter last year. As a group, analysts predict that Andersen Group Inc. will post 0.23 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC acquired a new stake in shares of Andersen Group during the 1st quarter worth about $1,686,000. Sei Investments Co. grew its holdings in shares of Andersen Group by 96.3% during the first quarter. Sei Investments Co. now owns 121,649 shares of the company’s stock worth $3,309,000 after buying an additional 59,693 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Andersen Group by 1.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 130,856 shares of the company’s stock valued at $3,559,000 after buying an additional 1,267 shares during the last quarter. Bank of New York Mellon Corp lifted its stake 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 buying an additional 5,962 shares during the period. Finally, Corient Private Wealth LLC purchased a new position in shares of Andersen Group during the fourth quarter valued at approximately $357,000.

Andersen Group Company Profile

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.