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

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

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

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

Andersons (NASDAQ:ANDE) last released its earnings results on Tuesday, August 6th. The basic materials company reported $0.98 earnings per share for the quarter, topping the Thomson Reuters’ 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 the consensus estimate of $2.37 billion. During the same period in the prior year, the business posted $0.76 earnings per share. The firm’s revenue for the quarter was up 155.1% compared to the same quarter last year.

Hedge funds have recently bought and sold shares of the company. Quantamental Technologies LLC acquired a new stake in shares of Andersons in the second quarter valued at about $28,000. Resources Investment Advisors Inc. acquired a new stake in shares of Andersons in the first quarter valued at about $31,000. IndexIQ Advisors LLC grew its stake in shares of Andersons by 46.7% in the first quarter. IndexIQ Advisors LLC now owns 2,697 shares of the basic materials company’s stock valued at $87,000 after buying an additional 859 shares in the last quarter. Fort Washington Investment Advisors Inc. OH acquired a new stake in shares of Andersons in the first quarter valued at about $207,000. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in shares of Andersons in the first quarter valued at about $208,000. Institutional investors and hedge funds 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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