Somewhat Positive News Coverage Somewhat Unlikely to Impact The Andersons (ANDE) Stock Price
News coverage about The Andersons (NASDAQ:ANDE) has been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. The Andersons earned a coverage optimism score of 0.08 on Accern’s scale. Accern also assigned media stories about the basic materials company an impact score of 46.8610732021185 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the media stories that may have impacted Accern Sentiment’s rankings:
- The Andersons names president for Plant Nutrient Group (world-grain.com)
- U.S. grain handlers cut spending, jobs despite hinting at rebound (producer.com)
- The Andersons Announces New President of the Plant Nutrient Group (finance.yahoo.com)
- At a CAGR of 8.7% Latin America Industrial Alcohol Market (emailwire.com)
- Zacks Investment Research Lowers The Andersons, Inc. (ANDE) to Strong Sell (americanbankingnews.com)
ANDE has been the subject of several analyst reports. Stephens cut shares of The Andersons from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $42.00 to $35.00 in a research report on Monday, August 7th. BidaskClub raised shares of The Andersons from a “strong sell” rating to a “sell” rating in a research report on Friday, August 11th. Zacks Investment Research upgraded shares of The Andersons from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 1st. BMO Capital Markets decreased their price target on shares of The Andersons from $39.00 to $34.00 and set a “market perform” rating for the company in a research note on Wednesday, November 8th. Finally, Buckingham Research lowered shares of The Andersons from a “buy” rating to a “neutral” rating in a research note on Wednesday, November 8th. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $34.50.
Shares of The Andersons (ANDE) traded down $0.15 during midday trading on Friday, hitting $30.00. 142,859 shares of the stock were exchanged, compared to its average volume of 109,091. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.56 and a current ratio of 1.36. The stock has a market cap of $850.68, a P/E ratio of 28.73 and a beta of 1.34. The Andersons has a 12-month low of $29.60 and a 12-month high of $44.90.
The Andersons (NASDAQ:ANDE) last posted its quarterly earnings data on Monday, November 6th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.07). The Andersons had a positive return on equity of 3.91% and a negative net margin of 0.45%. The business had revenue of $836.60 million during the quarter, compared to analysts’ expectations of $899.95 million. During the same period in the previous year, the business posted $0.06 EPS. The business’s quarterly revenue was down 2.7% compared to the same quarter last year. equities research analysts forecast that The Andersons will post 1.34 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, October 23rd. Shareholders of record on Monday, October 2nd were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 2.13%. The ex-dividend date was Friday, September 29th. The Andersons’s dividend payout ratio is currently -106.67%.
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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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