Andersons (NASDAQ:ANDE) Rating Lowered to Strong Sell at BidaskClub

BidaskClub downgraded shares of Andersons (NASDAQ:ANDE) from a sell rating to a strong sell rating in a research note released on Thursday morning, BidAskClub reports.

Other analysts have also recently issued reports about the company. Buckingham Research set a $30.00 target price on Andersons and gave the company a hold rating in a research report on Wednesday, June 5th. TheStreet cut Andersons from a b rating to a c rating in a research report on Tuesday, May 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $30.00.

Shares of NASDAQ ANDE opened at $24.98 on Thursday. The company has a market cap of $794.46 million, a price-to-earnings ratio of 15.04 and a beta of 1.30. Andersons has a 12-month low of $23.88 and a 12-month high of $41.60. The company has a current ratio of 1.36, a quick ratio of 0.78 and a debt-to-equity ratio of 1.03. The stock’s 50 day simple moving average is $26.31 and its 200 day simple moving average is $30.54.

Andersons (NASDAQ:ANDE) last posted its earnings results on Tuesday, August 6th. The basic materials company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.67 by $0.31. Andersons had a return on equity of 5.29% and a net margin of 0.64%. The firm had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.37 billion. During the same period last year, the firm earned $0.76 EPS. The firm’s revenue was up 155.1% compared to the same quarter last year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Resources Investment Advisors Inc. acquired a new stake in Andersons in the 1st quarter valued at approximately $31,000. Quantamental Technologies LLC acquired a new position in shares of Andersons during the 2nd quarter valued at $28,000. IndexIQ Advisors LLC increased its position in shares of Andersons by 46.7% during the 1st quarter. IndexIQ Advisors LLC now owns 2,697 shares of the basic materials company’s stock valued at $87,000 after purchasing an additional 859 shares during the period. Fort Washington Investment Advisors Inc. OH acquired a new position in shares of Andersons during the 1st quarter valued at $207,000. Finally, Piedmont Investment Advisors Inc. acquired a new position in shares of Andersons during the 1st quarter valued at $214,000. Hedge funds and other institutional investors own 75.26% of the company’s stock.

About Andersons

The Andersons, Inc, an agriculture company, operates in the grain, ethanol, plant nutrient, and rail sectors in the United States and internationally. The company's Grain segment operates grain elevators; stores grains; and provides grain marketing, risk management, and corn origination services to its customers and affiliated ethanol facilities.

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