Andersen Group Inc. (NYSE:ANDG) Stock Rated “Moderate Buy” by Sell-Side Analysts

Andersen Group Inc. (NYSE:ANDG) has received an average recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $56.14.

Several brokerages have recently weighed in on ANDG. Robert W. Baird boosted their price target on shares of Andersen Group from $57.00 to $64.00 and gave the company an “outperform” rating in a research report on Monday, August 31st. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $56.00 price objective on shares of Andersen Group in a research report on Friday, August 14th. Weiss Ratings raised Andersen Group from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Thursday, September 24th. Wells Fargo & Company lifted their target price on Andersen Group from $38.00 to $49.00 and gave the company an “equal weight” rating in a research report on Thursday, August 13th. Finally, Morgan Stanley upped their price target on Andersen Group from $27.00 to $54.00 and gave the company an “equal weight” rating in a research note on Thursday, August 13th.

Andersen Group Price Performance

Shares of NYSE ANDG opened at $63.46 on Friday. Andersen Group has a 1 year low of $18.12 and a 1 year high of $64.75. 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 company’s fifty day moving average price is $55.21 and its 200 day moving average price is $44.46.

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, topping analysts’ consensus estimates of ($0.16) by $0.07. The company had revenue of $217.66 million for the quarter. Equities analysts forecast that Andersen Group will post 0.73 earnings per share for the current fiscal year.

Institutional Trading of Andersen Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC grew its stake 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 in the last quarter. Sei Investments Co. lifted its holdings in Andersen Group by 96.3% during the 1st 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. Renaissance Technologies LLC acquired a new stake in Andersen Group during the 1st quarter worth approximately $1,686,000. Corient Private Wealth LP boosted its position in Andersen Group by 67.2% in the 2nd quarter. Corient Private Wealth LP now owns 23,005 shares of the company’s stock valued at $868,000 after buying an additional 9,245 shares during the period. Finally, Bank of New York Mellon Corp increased its position 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 worth $507,000 after acquiring an additional 5,962 shares during the period.

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.