BMO Capital Markets Cuts The Andersons, Inc. (ANDE) Price Target to $34.00
The Andersons, Inc. (NASDAQ:ANDE) had its price target lowered by BMO Capital Markets from $39.00 to $34.00 in a research report released on Wednesday morning. The brokerage currently has a market perform rating on the basic materials company’s stock.
Several other research analysts have also recently issued reports on the stock. Buckingham Research cut shares of The Andersons from a buy rating to a neutral rating in a report on Wednesday. Zacks Investment Research upgraded shares of The Andersons from a strong sell rating to a hold rating in a report on Wednesday, November 1st. BidaskClub cut shares of The Andersons from a sell rating to a strong sell rating in a report on Thursday, August 24th. Finally, Stephens cut shares of The Andersons from an overweight rating to an equal weight rating and lowered their target price for the company from $42.00 to $35.00 in a report on Monday, August 7th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $34.50.
Shares of The Andersons (ANDE) traded down $0.45 during trading on Wednesday, hitting $30.55. 120,200 shares of the stock traded hands, compared to its average volume of 125,354. The Andersons has a fifty-two week low of $30.52 and a fifty-two week high of $44.90. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.52 and a current ratio of 1.36. The firm has a market cap of $853.70, a PE ratio of 29.25 and a beta of 1.34.
The Andersons (NASDAQ:ANDE) last issued its earnings results on Monday, November 6th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.07). The Andersons had a negative net margin of 0.45% and a positive return on equity of 3.91%. The company had revenue of $836.60 million during the quarter, compared to analyst estimates of $899.95 million. During the same quarter in the previous year, the company posted $0.06 EPS. The company’s quarterly revenue was down 2.7% on a year-over-year basis. analysts expect that The Andersons will post 1.34 earnings per share for the current year.
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The business also recently announced a quarterly dividend, which was paid on Monday, October 23rd. Stockholders of record on Monday, October 2nd were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 2.09%. The ex-dividend date was Friday, September 29th. The Andersons’s payout ratio is -106.67%.
A number of large investors have recently modified their holdings of the stock. Wells Fargo & Company MN boosted its stake in The Andersons by 12.1% during the 3rd quarter. Wells Fargo & Company MN now owns 31,756 shares of the basic materials company’s stock worth $1,088,000 after purchasing an additional 3,417 shares during the period. Teachers Retirement System of The State of Kentucky boosted its stake in The Andersons by 37.6% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 10,250 shares of the basic materials company’s stock worth $351,000 after purchasing an additional 2,800 shares during the period. SG Americas Securities LLC boosted its stake in The Andersons by 82.7% during the 3rd quarter. SG Americas Securities LLC now owns 5,498 shares of the basic materials company’s stock worth $188,000 after purchasing an additional 2,489 shares during the period. Deprince Race & Zollo Inc. boosted its stake in The Andersons by 3.0% during the 3rd quarter. Deprince Race & Zollo Inc. now owns 702,960 shares of the basic materials company’s stock worth $24,076,000 after purchasing an additional 20,282 shares during the period. Finally, Municipal Employees Retirement System of Michigan boosted its stake in The Andersons by 22.6% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 20,140 shares of the basic materials company’s stock worth $690,000 after purchasing an additional 3,710 shares during the period. Hedge funds and other institutional investors own 78.21% of the company’s stock.
About The Andersons
The Andersons, Inc is a diversified company. The Company conducts business across North America in the grain, ethanol, plant nutrient and rail sectors. The Company also produces turf and cob products, and has a consumer retailing presence. The Company operates through segments, including Grain, Ethanol, Rail, Plant Nutrient and Retail.
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