Brokerages Set Andersen Group Inc. (NYSE:ANDG) Target Price at $52.17

Shares of Andersen Group Inc. (NYSE:ANDG) have earned a consensus recommendation of “Moderate Buy” from the nine research firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $53.3333.

ANDG has been the subject of several analyst reports. Wells Fargo & Company raised their price objective on shares of Andersen Group from $38.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 13th. Morgan Stanley increased their price target on Andersen Group from $27.00 to $54.00 and gave the stock an “equal weight” rating in a report on Thursday, August 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $56.00 price target on shares of Andersen Group in a research note on Friday, August 14th. Robert W. Baird boosted their price objective on Andersen Group from $57.00 to $64.00 and gave the company an “outperform” rating in a report on Monday. Finally, UBS Group increased their target price on Andersen Group from $34.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th.

Andersen Group Trading Up 2.4%

Shares of ANDG opened at $57.44 on Friday. The company’s fifty day simple moving average is $46.18 and its 200-day simple moving average is $36.57. The company has a market cap of $6.49 billion and a P/E ratio of -108.38. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 7.82. Andersen Group has a twelve month low of $18.12 and a twelve month high of $57.62.

Andersen Group (NYSE:ANDG) last released its quarterly earnings results on Wednesday, August 12th. The company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.07. The firm had revenue of $217.66 million for the quarter. As a group, analysts expect that Andersen Group will post 0.73 EPS for the current year.

Insider Activity at Andersen Group

In other news, major shareholder Durable Capital Partners Lp sold 336,736 shares of the company’s stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $40.01, for a total value of $13,472,807.36. Following the transaction, the insider directly owned 1,333,749 shares in the company, valued at approximately $53,363,297.49. This represents a 20.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 13.00% of the company’s stock.

Institutional Investors Weigh In On Andersen Group

Several large investors have recently added to or reduced their stakes in ANDG. JPMorgan Chase & Co. purchased a new position in shares of Andersen Group during the fourth quarter worth approximately $45,987,000. J. Goldman & Co LP purchased a new stake in shares of Andersen Group in the fourth quarter valued at approximately $30,079,000. Brown Advisory Inc. purchased a new stake in shares of Andersen Group in the fourth quarter valued at approximately $29,365,000. Franklin Resources Inc. bought a new position in Andersen Group in the fourth quarter worth approximately $25,864,000. Finally, Royce & Associates LP purchased a new position in Andersen Group during the 4th quarter worth $19,948,000.

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.