Andersons (NASDAQ:ANDE) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Thursday.

Several other research analysts have also recently issued reports on ANDE. Zacks Investment Research raised Andersons from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 12th. ValuEngine raised Andersons from a “sell” rating to a “hold” rating in a research note on Saturday, June 16th. Stephens raised Andersons from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $35.50 to $44.00 in a research note on Wednesday, August 8th. BMO Capital Markets raised their target price on Andersons from $36.00 to $40.00 and gave the company a “market perform” rating in a research note on Thursday, August 9th. Finally, Buckingham Research raised their target price on Andersons from $35.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, August 9th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $41.33.

NASDAQ:ANDE opened at $37.65 on Thursday. Andersons has a 1 year low of $29.60 and a 1 year high of $41.70. The firm has a market capitalization of $1.09 billion, a PE ratio of 32.74 and a beta of 1.35. The company has a quick ratio of 0.58, a current ratio of 1.34 and a debt-to-equity ratio of 0.51.

Andersons (NASDAQ:ANDE) last released its quarterly earnings results on Tuesday, August 7th. The basic materials company reported $0.76 earnings per share (EPS) for the quarter. Andersons had a return on equity of 4.92% and a net margin of 2.68%. The company had revenue of $911.40 million during the quarter. sell-side analysts predict that Andersons will post 1.88 earnings per share for the current year.

In related news, insider Corbett J. Jorgenson sold 1,300 shares of the firm’s stock in a transaction dated Wednesday, August 8th. The stock was sold at an average price of $37.90, for a total transaction of $49,270.00. Following the completion of the transaction, the insider now owns 18,399 shares of the company’s stock, valued at $697,322.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 5.50% of the company’s stock.

A number of hedge funds have recently made changes to their positions in ANDE. Wells Fargo & Company MN boosted its stake in Andersons by 4.5% during the first quarter. Wells Fargo & Company MN now owns 43,083 shares of the basic materials company’s stock valued at $1,426,000 after buying an additional 1,856 shares in the last quarter. Swiss National Bank boosted its stake in Andersons by 6.6% during the first quarter. Swiss National Bank now owns 46,950 shares of the basic materials company’s stock valued at $1,554,000 after buying an additional 2,900 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Andersons by 4.3% during the first quarter. Schwab Charles Investment Management Inc. now owns 364,312 shares of the basic materials company’s stock valued at $12,059,000 after buying an additional 14,965 shares in the last quarter. BlackRock Inc. boosted its stake in Andersons by 1.0% during the first quarter. BlackRock Inc. now owns 3,453,455 shares of the basic materials company’s stock valued at $114,310,000 after buying an additional 34,048 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. bought a new position in Andersons during the first quarter valued at about $232,000. 80.41% of the stock is owned by institutional investors and hedge funds.

About Andersons

The Andersons, Inc, an agriculture company, operates in the grain, ethanol, plant nutrient, and rail sectors in the United States and internationally. The company's Grain segment operates grain elevators; stores grains; and provides grain marketing, risk management, and corn origination services to its customers and affiliated ethanol facilities.

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