BMO Capital Markets Cuts Andersons (NASDAQ:ANDE) Price Target to $28.00

Andersons (NASDAQ:ANDE) had its target price trimmed by BMO Capital Markets from $34.00 to $28.00 in a research report report published on Thursday morning, Stock Target Advisor reports. The brokerage currently has a market perform rating on the basic materials company’s stock.

Other research analysts have also issued reports about the company. Buckingham Research cut their price objective on Andersons to $23.00 and set a neutral rating on the stock in a research report on Thursday. Stephens assumed coverage on Andersons in a research report on Monday, October 7th. They issued an equal weight rating and a $21.00 price objective on the stock. Finally, BidaskClub raised Andersons from a strong sell rating to a sell rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $24.00.

Shares of NASDAQ ANDE traded down $0.14 during trading hours on Thursday, reaching $21.09. The stock had a trading volume of 217,000 shares, compared to its average volume of 168,810. 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 firm has a 50-day moving average of $20.26 and a 200-day moving average of $25.36. The firm has a market cap of $637.66 million, a price-to-earnings ratio of 12.94 and a beta of 1.18. Andersons has a fifty-two week low of $17.40 and a fifty-two week high of $38.23.

Andersons (NASDAQ:ANDE) last released its quarterly earnings data on Tuesday, November 5th. The basic materials company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.12). Andersons had a net margin of 0.49% and a return on equity of 5.25%. The company had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $2.10 billion. During the same period last year, the business earned $0.02 earnings per share. The company’s revenue for the quarter was up 189.2% compared to the same quarter last year. On average, equities analysts predict that Andersons will post 0.65 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 1st were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date of this dividend was Monday, September 30th. Andersons’s payout ratio is 41.72%.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quantamental Technologies LLC purchased a new stake in shares of Andersons during the second quarter worth about $28,000. Tower Research Capital LLC TRC increased its position in shares of Andersons by 529.3% during the third quarter. Tower Research Capital LLC TRC now owns 2,171 shares of the basic materials company’s stock worth $49,000 after acquiring an additional 1,826 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Andersons during the third quarter worth about $177,000. Everence Capital Management Inc. purchased a new stake in shares of Andersons during the second quarter worth about $234,000. Finally, Municipal Employees Retirement System of Michigan increased its position in shares of Andersons by 24.3% during the third quarter. Municipal Employees Retirement System of Michigan now owns 9,780 shares of the basic materials company’s stock worth $219,000 after acquiring an additional 1,910 shares during the last quarter. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Andersons Company Profile

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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