Andersen Group Inc. (NYSE:ANDG) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Andersen Group Inc. (NYSE:ANDG) have been assigned a consensus recommendation of “Moderate Buy” from the nine analysts that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $39.00.

Several research analysts recently commented on ANDG shares. UBS Group increased their target price on shares of Andersen Group from $34.00 to $42.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Wells Fargo & Company increased their target price on shares of Andersen Group from $25.00 to $38.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 13th. Morgan Stanley increased their target price on shares of Andersen Group from $24.00 to $27.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $41.00 target price on shares of Andersen Group 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 research note on Wednesday, May 13th.

Insider Buying and Selling at Andersen Group

In related news, Director Robert V. Gunderson, Jr. acquired 2,367 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were bought at an average cost of $35.82 per share, with a total value of $84,785.94. Following the completion of the transaction, the director directly owned 15,000 shares of the company’s stock, valued at $537,300. This trade represents a 18.74% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

Hedge Funds Weigh In On Andersen Group

Large investors have recently modified their holdings of the stock. Wells Fargo & Company MN bought a new position in shares of Andersen Group in the fourth quarter valued at about $46,000. PNC Financial Services Group Inc. bought a new position in Andersen Group during the fourth quarter worth about $215,000. Barclays PLC bought a new position in Andersen Group during the fourth quarter worth about $218,000. Voloridge Investment Management LLC bought a new position in Andersen Group during the fourth quarter worth about $259,000. Finally, XTX Topco Ltd bought a new position in Andersen Group during the fourth quarter worth about $269,000.

Andersen Group Stock Up 7.1%

Shares of ANDG opened at $37.50 on Friday. Andersen Group has a 12 month low of $18.12 and a 12 month high of $40.23. The stock’s fifty day simple moving average is $34.94.

Andersen Group (NYSE:ANDG) last announced its earnings results on Tuesday, May 12th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.08). The company had revenue of $240.75 million for the quarter. The company’s revenue for the quarter was up 15.7% on a year-over-year basis. As a group, equities research analysts predict that Andersen Group will post 0.73 EPS 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.