Andersen Group (NYSE:ANDG) Hits New 1-Year High – What’s Next?

Andersen Group Inc. (NYSE:ANDG) shares hit a new 52-week high during mid-day trading on Monday. The company traded as high as $67.26 and last traded at $66.30, with a volume of 43,826 shares changing hands. The stock had previously closed at $65.55.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. BMO Capital Markets started coverage on Andersen Group in a report on Tuesday, September 8th. They set a “market perform” rating and a $58.00 price objective on the stock. Wells Fargo & Company boosted 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. Weiss Ratings upgraded shares of Andersen Group from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Thursday, September 24th. Truist Financial increased their price target on shares of Andersen Group from $55.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, September 25th. Finally, Morgan Stanley boosted their price objective 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. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $56.14.

Andersen Group Trading Down 0.9%

The company has a 50-day moving average of $56.72 and a 200 day moving average of $39.30. 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 has a market cap of $7.34 billion and a PE ratio of -122.66.

Andersen Group (NYSE:ANDG) last posted its quarterly earnings data on Wednesday, August 12th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.07. The company had revenue of $217.66 million during the quarter. Analysts predict that Andersen Group Inc. will post 0.73 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ANDG. Renaissance Technologies LLC bought a new position in Andersen Group in the 1st quarter valued at $1,686,000. 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 valued at $3,309,000 after buying an additional 59,693 shares in the last quarter. Squarepoint Ops LLC purchased a new stake in Andersen Group in the 2nd quarter valued at about $592,000. Corient Private Wealth LLC bought a new position in Andersen Group in the 4th quarter worth about $357,000. Finally, Bank of America Corp DE raised its stake in shares of Andersen Group by 512.0% during the first quarter. Bank of America Corp DE now owns 12,852 shares of the company’s stock valued at $350,000 after acquiring an additional 10,752 shares in the last quarter.

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.