UBS Group Forecasts Strong Price Appreciation for Andersen Group (NYSE:ANDG) Stock

Andersen Group (NYSE:ANDG) had its target price increased by analysts at UBS Group from $28.00 to $32.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s price objective suggests a potential upside of 28.94% from the company’s previous close.

A number of other equities analysts have also commented on ANDG. Zacks Research raised shares of Andersen Group to a “hold” rating in a research report on Tuesday, January 13th. William Blair raised Andersen Group to a “strong-buy” rating in a research report on Monday, January 12th. Robert W. Baird upgraded Andersen Group to a “strong-buy” rating in a research report on Monday, January 12th. Truist Financial raised Andersen Group to a “strong-buy” rating in a report on Monday, January 12th. Finally, Wells Fargo & Company raised shares of Andersen Group to a “hold” rating in a research report on Monday, January 12th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Andersen Group has a consensus rating of “Buy” and a consensus price target of $37.00.

Andersen Group Price Performance

Shares of Andersen Group stock opened at $24.82 on Wednesday. Andersen Group has a 1 year low of $18.12 and a 1 year high of $27.51. The firm’s fifty day simple moving average is $22.38.

Andersen Group (NYSE:ANDG) last announced its earnings results on Tuesday, March 17th. The company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.28) by $0.15. The company had revenue of $170.35 million for the quarter, compared to the consensus estimate of $152.64 million.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in ANDG. Corient Private Wealth LLC bought a new position in Andersen Group during the 4th quarter worth $357,000. XTX Topco Ltd acquired a new stake in shares of Andersen Group in the fourth quarter valued at about $269,000. Voloridge Investment Management LLC acquired a new stake in shares of Andersen Group in the fourth quarter valued at about $259,000. Polymer Capital Management US LLC bought a new position in shares of Andersen Group during the fourth quarter worth about $648,000. Finally, Oxford Asset Management LLP acquired a new position in shares of Andersen Group in the fourth quarter worth approximately $833,000.

Andersen Group Company Profile

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.