Andersons (NASDAQ:ANDE – Get Free Report) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.
Andersons Price Performance
ANDE stock traded up $0.19 during midday trading on Thursday, reaching $46.51. 153,587 shares of the stock were exchanged, compared to its average volume of 169,031. Andersons has a 52 week low of $44.65 and a 52 week high of $61.46. The company has a fifty day moving average price of $48.99 and a 200 day moving average price of $50.93. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.07 and a quick ratio of 1.44. The stock has a market capitalization of $1.58 billion, a PE ratio of 13.14 and a beta of 0.57.
Andersons (NASDAQ:ANDE – Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The basic materials company reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.04). The firm had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $3.20 billion. Andersons had a return on equity of 6.99% and a net margin of 0.83%. The business’s revenue for the quarter was down 30.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.52 earnings per share.
Institutional Investors Weigh In On Andersons
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.
Featured Articles
- Five stocks we like better than Andersons
- What is a Dividend Harvesting Strategy and How Can Investors Profit from it?
- Why Meta’s Pre-Earnings Dip Could Be A Golden Entry Opportunity
- How to Use the MarketBeat Dividend Calculator
- Spirit Airlines Stock Nearly Doubled: Are Clear Skies Ahead?
- The Role Economic Reports Play in a Successful Investment Strategy
- Tesla Stock: Buy the Dips, Sell the Rips
Receive News & Ratings for Andersons Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Andersons and related companies with MarketBeat.com's FREE daily email newsletter.