Andersen Group (NYSE:ANDG) Trading 7.7% Higher – Should You Buy?

Andersen Group Inc. (NYSE:ANDG) traded up 7.7% during mid-day trading on Tuesday . The stock traded as high as $41.08 and last traded at $40.8320. 370,838 shares changed hands during mid-day trading, an increase of 15% from the average session volume of 322,697 shares. The stock had previously closed at $37.91.

Wall Street Analyst Weigh In

Several analysts have weighed in on ANDG shares. Wells Fargo & Company boosted their price target on Andersen Group from $25.00 to $38.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 13th. Morgan Stanley upped their target price on Andersen Group from $24.00 to $27.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 13th. UBS Group increased their price objective on shares of Andersen Group from $34.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. Robert W. Baird raised their target price on shares of Andersen Group from $42.00 to $44.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $41.00 target price on shares of Andersen Group in a research report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Andersen Group has an average rating of “Moderate Buy” and a consensus target price of $39.00.

Andersen Group Trading Up 8.0%

The company has a debt-to-equity ratio of 9.72, a current ratio of 2.36 and a quick ratio of 2.36. The company’s fifty day moving average is $36.76. The stock has a market capitalization of $4.63 billion and a PE ratio of 241.16.

Andersen Group (NYSE:ANDG) last released its quarterly 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, sell-side analysts anticipate that Andersen Group Inc. will post 0.73 earnings per share for the current fiscal year.

Insider Buying and Selling at Andersen Group

In other Andersen Group news, Director Robert V. Gunderson, Jr. purchased 2,367 shares of Andersen Group stock in a transaction that occurred on Wednesday, May 20th. The stock was bought at an average price of $35.82 per share, with a total value of $84,785.94. Following the acquisition, the director owned 15,000 shares of the company’s stock, valued at $537,300. This trade represents a 18.74% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 13.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Andersen Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC lifted its position in shares of Andersen Group by 1.0% during the 1st 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. Wells Fargo & Company MN acquired a new position in Andersen Group during the fourth quarter worth $46,000. Bank of New York Mellon Corp raised its position in 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. PNC Financial Services Group Inc. purchased a new position in Andersen Group during the fourth quarter valued at $215,000. Finally, Barclays PLC acquired a new stake in shares of Andersen Group in the fourth quarter valued at about $218,000.

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.