Andersen Group (NYSE:ANDG) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Andersen Group (NYSE:ANDG) had its price objective lifted by equities researchers at Robert W. Baird from $57.00 to $64.00 in a report issued on Monday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s price target would suggest a potential upside of 14.35% from the company’s current price.

Other analysts have also recently issued research reports about the stock. UBS Group upped their target price on shares of Andersen Group from $34.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. Morgan Stanley lifted their price objective on Andersen Group from $27.00 to $54.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 13th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Andersen Group in a report on Thursday. Wells Fargo & Company increased their target price on Andersen Group from $38.00 to $49.00 and gave the company an “equal weight” rating in a research note on Thursday, August 13th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $56.00 target price on shares of Andersen Group in a report on Friday, August 14th. 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’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $53.33.

Andersen Group Stock Up 0.4%

Shares of NYSE:ANDG opened at $55.97 on Monday. The company has a debt-to-equity ratio of 7.82, a current ratio of 2.19 and a quick ratio of 2.19. The stock has a market cap of $6.32 billion and a price-to-earnings ratio of -105.60. The company has a 50 day moving average of $44.59 and a 200-day moving average of $35.54. Andersen Group has a one year low of $18.12 and a one year high of $57.13.

Andersen Group (NYSE:ANDG) last announced its quarterly earnings data on Wednesday, August 12th. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.07. The business had revenue of $217.66 million during the quarter. On average, sell-side analysts forecast that Andersen Group will post 0.73 earnings per share for the current year.

Insiders Place Their Bets

In other news, major shareholder Durable Capital Partners Lp sold 336,736 shares of Andersen Group stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $40.01, for a total transaction of $13,472,807.36. Following the transaction, the insider directly owned 1,333,749 shares of the company’s stock, valued at $53,363,297.49. This trade represents a 20.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 13.00% of the company’s stock.

Institutional Trading of Andersen Group

Several hedge funds have recently added to or reduced their stakes in ANDG. Wells Fargo & Company MN bought a new position in Andersen Group during the fourth quarter worth about $46,000. PNC Financial Services Group Inc. bought a new stake in shares of Andersen Group in the fourth quarter worth about $215,000. Barclays PLC bought a new stake in shares of Andersen Group in the fourth quarter worth about $218,000. Voloridge Investment Management LLC acquired a new stake in shares of Andersen Group during the fourth quarter worth about $259,000. Finally, XTX Topco Ltd bought a new position in shares of Andersen Group during the 4th quarter valued at about $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.