BMO Capital Markets Raises Andersons (NASDAQ:ANDE) Price Target to $50.00

Andersons (NASDAQ:ANDE) had its target price boosted by BMO Capital Markets from $45.00 to $50.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “market perform” rating on the basic materials company’s stock. BMO Capital Markets’ price target suggests a potential downside of 0.75% from the stock’s previous close.

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Andersons in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Andersons presently has an average rating of “Moderate Buy” and a consensus price target of $53.33.

Andersons Stock Performance

Shares of ANDE opened at $50.38 on Thursday. The firm has a market cap of $1.72 billion, a P/E ratio of 21.44 and a beta of 0.76. Andersons has a twelve month low of $31.03 and a twelve month high of $51.58. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.30 and a current ratio of 2.01. The firm’s 50 day moving average price is $42.86 and its two-hundred day moving average price is $38.93.

Andersons (NASDAQ:ANDE) last announced its earnings results on Tuesday, November 4th. The basic materials company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.38. Andersons had a net margin of 0.70% and a return on equity of 5.28%. The firm had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.85 billion. During the same period in the prior year, the business earned $0.80 EPS. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, analysts forecast that Andersons will post 3.11 EPS for the current fiscal year.

Institutional Trading of Andersons

Large investors have recently added to or reduced their stakes in the company. Qube Research & Technologies Ltd raised its holdings in shares of Andersons by 262.8% in the 2nd quarter. Qube Research & Technologies Ltd now owns 273,377 shares of the basic materials company’s stock valued at $10,047,000 after purchasing an additional 198,029 shares during the period. Walnut Level Capital LLC bought a new stake in Andersons in the second quarter valued at approximately $6,989,000. First Trust Advisors LP raised its stake in Andersons by 11.5% in the second quarter. First Trust Advisors LP now owns 1,722,092 shares of the basic materials company’s stock valued at $63,287,000 after buying an additional 176,972 shares during the period. Nuveen LLC acquired a new stake in shares of Andersons in the first quarter valued at approximately $5,439,000. Finally, Vanguard Group Inc. boosted its stake in shares of Andersons by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 4,113,185 shares of the basic materials company’s stock worth $176,579,000 after acquiring an additional 115,948 shares during the period. Institutional investors and hedge funds own 87.06% of the company’s stock.

Andersons Company Profile

The Andersons, Inc operates in trade, renewables, and nutrient and industrial sectors in the United States, Canada, Mexico, Egypt, Switzerland, and internationally. It operates through three segments: Trade, Renewables, and Nutrient & Industrial. The company’s Trade segment operates grain elevators; stores commodities; and provides grain marketing, risk management, and origination services, as well as sells commodities, such as corn, soybeans, wheat, oats, ethanol, and corn oil.