Andersen Group Inc. (NYSE:ANDG) Given Consensus Rating of “Moderate Buy” by Analysts

Andersen Group Inc. (NYSE:ANDG) has received an average recommendation of “Moderate Buy” from the nine research firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $39.00.

ANDG has been the subject of a number of analyst reports. Morgan Stanley boosted their target price on shares of Andersen Group from $24.00 to $27.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 13th. Wells Fargo & Company lifted their target price on Andersen Group from $25.00 to $38.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 13th. Truist Financial lifted their target price on Andersen Group from $32.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Weiss Ratings started coverage on Andersen Group in a research note on Monday, April 6th. They set a “sell (e)” rating on the stock. Finally, Robert W. Baird lifted their target price on Andersen Group from $42.00 to $44.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th.

Andersen Group Stock Down 5.9%

Shares of ANDG opened at $35.11 on Wednesday. The stock’s fifty day moving average is $30.68. Andersen Group has a 12 month low of $18.12 and a 12 month high of $39.54.

Andersen Group (NYSE:ANDG) last posted its earnings results on Tuesday, May 12th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.08). The business had revenue of $240.75 million for the quarter. The business’s revenue for the quarter was up 15.7% compared to the same quarter last year. On average, equities analysts forecast that Andersen Group will post 0.23 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Andersen Group

Large investors have recently bought and sold shares of the stock. Wells Fargo & Company MN acquired a new position in Andersen Group during the 4th quarter valued at about $46,000. PNC Financial Services Group Inc. acquired a new position in Andersen Group during the 4th quarter valued at about $215,000. Barclays PLC acquired a new position in Andersen Group during the 4th quarter valued at about $218,000. Voloridge Investment Management LLC bought a new position in Andersen Group during the 4th quarter valued at $259,000. Finally, XTX Topco Ltd bought a new position in Andersen Group during the 4th quarter valued at $269,000.

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.