Stephens Reiterates Overweight Rating for Andersons (NASDAQ:ANDE)

Andersons (NASDAQ:ANDE)‘s stock had its “overweight” rating restated by Stephens in a report released on Thursday,Benzinga reports. They presently have a $60.00 price target on the basic materials company’s stock. Stephens’ price objective points to a potential upside of 49.66% from the company’s previous close.

Separately, StockNews.com upgraded Andersons from a “hold” rating to a “buy” rating in a report on Wednesday, November 13th.

Andersons Trading Down 0.0 %

Shares of NASDAQ ANDE opened at $40.09 on Thursday. The firm has a 50-day moving average of $45.14 and a 200 day moving average of $47.86. Andersons has a 1 year low of $39.25 and a 1 year high of $61.46. The stock has a market cap of $1.37 billion, a P/E ratio of 11.45 and a beta of 0.59. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.98 and a quick ratio of 1.23.

Andersons (NASDAQ:ANDE) last posted its quarterly earnings results on Monday, November 4th. The basic materials company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.37. The firm had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.90 billion. Andersons had a return on equity of 8.21% and a net margin of 1.06%. Andersons’s quarterly revenue was down 27.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.13 EPS. As a group, sell-side analysts expect that Andersons will post 2.9 EPS for the current fiscal year.

Insider Activity

In other Andersons news, insider Joseph E. Mcneely sold 2,382 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $47.73, for a total value of $113,692.86. Following the completion of the transaction, the insider now directly owns 49,601 shares in the company, valued at $2,367,455.73. This represents a 4.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 5.10% of the company’s stock.

Institutional Investors Weigh In On Andersons

A number of institutional investors have recently bought and sold shares of the business. nVerses Capital LLC purchased a new position in Andersons during the second quarter valued at $25,000. Truvestments Capital LLC bought a new stake in shares of Andersons during the 3rd quarter worth approximately $98,000. EverSource Wealth Advisors LLC grew its position in Andersons by 92.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,087 shares of the basic materials company’s stock valued at $114,000 after acquiring an additional 1,003 shares during the last quarter. Inspire Advisors LLC purchased a new position in Andersons in the 2nd quarter worth about $202,000. Finally, Edgestream Partners L.P. purchased a new position in shares of Andersons during the second quarter worth approximately $219,000. Hedge funds and other institutional investors 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.