Andersen Group (NYSE:ANDG) Price Target Raised to $42.00

Andersen Group (NYSE:ANDG) had its price target lifted by equities research analysts at Robert W. Baird from $40.00 to $42.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s price target points to a potential upside of 69.23% from the stock’s previous close.

ANDG has been the subject of a number of other reports. Truist Financial raised shares of Andersen Group to a “strong-buy” rating in a research note on Monday, January 12th. UBS Group lifted their price target on Andersen Group from $28.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday. Zacks Research raised Andersen Group to a “hold” rating in a research note on Tuesday, January 13th. William Blair raised Andersen Group to a “strong-buy” rating in a research note on Monday, January 12th. Finally, Wells Fargo & Company raised 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 assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Andersen Group has a consensus rating of “Buy” and an average target price of $37.00.

Andersen Group Stock Performance

Shares of ANDG 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 business’s 50 day moving average price is $22.38.

Andersen Group (NYSE:ANDG) last posted its earnings results on Tuesday, March 17th. The company reported ($0.13) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.15. The business had revenue of $170.35 million during the quarter, compared to analysts’ expectations of $152.64 million.

Institutional Trading of Andersen Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Teacher Retirement System of Texas acquired a new position in shares of Andersen Group during the fourth quarter worth $4,278,000. PNC Financial Services Group Inc. acquired a new position in Andersen Group during the 4th quarter valued at about $215,000. Royce & Associates LP purchased a new stake in Andersen Group in the fourth quarter valued at about $19,948,000. Seven Grand Managers LLC acquired a new stake in Andersen Group in the fourth quarter worth about $12,965,000. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of Andersen Group during the fourth quarter worth about $10,420,000.

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.