The Andersons, Inc. (NASDAQ:ANDE) Receives $95.00 Average Target Price from Brokerages

Shares of The Andersons, Inc. (NASDAQ:ANDE) have been assigned a consensus rating of “Buy” from the five research firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $95.00.

Several equities research analysts recently weighed in on ANDE shares. Weiss Ratings cut Andersons from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, September 1st. Deutsche Bank Aktiengesellschaft set a $110.00 target price on shares of Andersons in a report on Tuesday, August 4th. Benchmark reaffirmed a “buy” rating on shares of Andersons in a research report on Monday, June 15th. Wall Street Zen cut shares of Andersons from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Finally, Texas Capital raised shares of Andersons to a “strong-buy” rating in a research note on Thursday, June 18th.

Insider Activity at Andersons

In related news, Director Patrick Bowe sold 3,534 shares of the firm’s stock in a transaction that occurred on Wednesday, July 22nd. The shares were sold at an average price of $80.53, for a total transaction of $284,593.02. Following the completion of the sale, the director owned 74,875 shares of the company’s stock, valued at $6,029,683.75. This trade represents a 4.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 4.30% of the stock is currently owned by insiders.

Institutional Trading of Andersons

Institutional investors and hedge funds have recently modified their holdings of the business. Optimize Financial Inc grew its holdings in shares of Andersons by 1.4% in the fourth quarter. Optimize Financial Inc now owns 14,657 shares of the basic materials company’s stock worth $779,000 after purchasing an additional 208 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in shares of Andersons by 95.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 820 shares of the basic materials company’s stock worth $44,000 after acquiring an additional 400 shares during the period. Uniplan Investment Counsel Inc. bought a new stake in shares of Andersons during the fourth quarter valued at approximately $25,000. Amundi raised its stake in shares of Andersons by 2.0% during the fourth quarter. Amundi now owns 24,085 shares of the basic materials company’s stock valued at $1,281,000 after acquiring an additional 474 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Andersons in the second quarter valued at approximately $38,000. Institutional investors own 87.06% of the company’s stock.

Andersons Price Performance

ANDE stock opened at $70.97 on Friday. Andersons has a 1 year low of $37.69 and a 1 year high of $82.11. The company has a market cap of $2.42 billion, a P/E ratio of 13.70 and a beta of 0.63. The firm has a 50-day moving average of $70.39 and a 200 day moving average of $70.75. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.51 and a quick ratio of 0.81.

Andersons (NASDAQ:ANDE) last posted its quarterly earnings data on Monday, August 3rd. The basic materials company reported $2.15 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.67. Andersons had a return on equity of 16.23% and a net margin of 1.62%.The business had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.28 billion. During the same period in the previous year, the firm posted $0.24 EPS. The business’s revenue was down 1.2% on a year-over-year basis.

Andersons Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 22nd. Investors of record on Thursday, October 1st will be paid a $0.20 dividend. The ex-dividend date is Thursday, October 1st. This represents a $0.80 dividend on an annualized basis and a yield of 1.1%. Andersons’s payout ratio is presently 15.44%.

About Andersons

The Andersons, Inc is an agriculture-focused company headquartered in Maumee, Ohio. Founded in 1947, the company serves farmers, manufacturers, food and feed producers, and other customers through businesses connected to grain, plant nutrients, and renewable fuels.

The company’s activities include merchandising and storing grains, supplying agricultural fertilizers and related plant-nutrient products, and producing and marketing ethanol and other renewable fuel products. Its operations also support the movement and processing of agricultural commodities through grain terminals, elevators, and logistics services.

The Andersons serves customers primarily across the United States, with operations and commercial relationships extending into Canada and other markets.