Andersen Group (NYSE:ANDG) Given New $71.00 Price Target at Robert W. Baird

Andersen Group (NYSE:ANDG) had its price objective lifted by investment analysts at Robert W. Baird from $64.00 to $71.00 in a report released on Friday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Robert W. Baird‘s price target would suggest a potential upside of 8.18% from the company’s previous close.

ANDG has been the topic of several other research reports. Deutsche Bank restated a “buy” rating and set a $56.00 target price on shares of Andersen Group in a research report on Friday, August 14th. Weiss Ratings upgraded Andersen Group from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Thursday, September 24th. Wells Fargo & Company boosted their price objective 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. Truist Financial boosted their price objective on Andersen Group from $55.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, September 25th. Finally, Morgan Stanley increased their price objective on Andersen Group from $27.00 to $54.00 and gave the stock an “equal weight” rating in a report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Andersen Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $57.14.

Andersen Group Stock Down 0.3%

ANDG opened at $65.63 on Friday. The company has a 50 day moving average of $58.87 and a 200 day moving average of $41.07. Andersen Group has a 12 month low of $18.12 and a 12 month high of $68.41. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 7.82.

Andersen Group (NYSE:ANDG) last released its quarterly earnings data on Wednesday, August 12th. The company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.07. The business had revenue of $217.66 million during the quarter. Equities analysts expect that Andersen Group will post 0.73 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Renaissance Technologies LLC bought a new position in Andersen Group in the 1st quarter valued at $1,686,000. Sei Investments Co. grew its position in shares of Andersen Group by 96.3% during the 1st quarter. Sei Investments Co. now owns 121,649 shares of the company’s stock valued at $3,309,000 after purchasing an additional 59,693 shares in the last quarter. Squarepoint Ops LLC bought a new position in shares of Andersen Group in the second quarter worth $592,000. Bank of America Corp DE increased its holdings in shares of Andersen Group by 512.0% in the first quarter. Bank of America Corp DE now owns 12,852 shares of the company’s stock worth $350,000 after purchasing an additional 10,752 shares during the period. Finally, Vise Technologies Inc. bought a new position in shares of Andersen Group in the third quarter worth $528,000.

About Andersen Group

Andersen Group is a professional services firm providing tax, legal, valuation, financial advisory and consulting services to individuals, families and businesses. Its work includes tax planning and compliance, business and transaction advisory, and legal and valuation support. The firm traces its origins to WTAS, established in 2002 by former Arthur Andersen professionals. It later adopted the Andersen name and developed an international presence through the Andersen network of affiliated firms.