Andersen Group (NYSE:ANDG) Stock Price Target Raised at Wells Fargo & Company

Andersen Group (NYSE:ANDG) had its price target boosted by analysts at Wells Fargo & Company from $49.00 to $61.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price suggests a potential downside of 0.43% from the stock’s previous close.

Several other brokerages also recently weighed in on ANDG. Robert W. Baird upped their target price on Andersen Group from $64.00 to $71.00 and gave the stock an “outperform” rating in a research report on Friday. Weiss Ratings upgraded Andersen Group from a “sell (d-)” rating to a “sell (d+)” rating in a report on Thursday, September 24th. Morgan Stanley increased their price objective on shares of Andersen Group from $27.00 to $54.00 and gave the company an “equal weight” rating in a research report on Thursday, August 13th. Deutsche Bank reiterated a “buy” rating and set a $56.00 price objective on shares of Andersen Group in a research note on Friday, August 14th. Finally, Truist Financial boosted their target price on shares of Andersen Group from $55.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Andersen Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.86.

Andersen Group Stock Performance

NYSE:ANDG traded down $4.16 during mid-day trading on Friday, reaching $61.27. The stock had a trading volume of 415,428 shares, compared to its average volume of 383,087. The company has a debt-to-equity ratio of 7.82, a quick ratio of 2.19 and a current ratio of 2.19. The firm has a market capitalization of $6.92 billion and a price-to-earnings ratio of -115.60. Andersen Group has a twelve month low of $18.12 and a twelve month high of $68.41. The business has a 50 day simple moving average of $58.87 and a 200 day simple moving average of $41.07.

Andersen Group (NYSE:ANDG) last released its quarterly earnings results on Wednesday, August 12th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.07. The firm had revenue of $217.66 million for the quarter. On average, analysts expect that Andersen Group will post 0.73 earnings per share for the current fiscal year.

Institutional Trading of Andersen Group

Several institutional investors and hedge funds have recently bought and sold shares of ANDG. First Trust Advisors LP lifted its holdings in Andersen Group by 334.7% during the 3rd quarter. First Trust Advisors LP now owns 186,858 shares of the company’s stock worth $10,165,000 after buying an additional 143,869 shares during the last quarter. Global Retirement Partners LLC increased its holdings in shares of Andersen Group by 454.0% in the 3rd quarter. Global Retirement Partners LLC now owns 554 shares of the company’s stock valued at $30,000 after acquiring an additional 454 shares during the last quarter. Bridges Investment Management Inc. acquired a new stake in shares of Andersen Group during the 3rd quarter valued at approximately $221,000. Vise Technologies Inc. acquired a new stake in shares of Andersen Group during the 3rd quarter valued at approximately $528,000. Finally, GAMMA Investing LLC lifted its stake in Andersen Group by 353.9% during the third quarter. GAMMA Investing LLC now owns 1,498 shares of the company’s stock worth $81,000 after purchasing an additional 1,168 shares during the last quarter.

Andersen Group News Roundup

Investors following ANDG have been watching these news items:

• Positive Sentiment: Andersen reported third-quarter revenue of $337.3 million, up 18.7% year over year. It also reported EPS of $7.13, well above the $0.90 consensus, although the size of the beat may warrant investors checking the earnings materials for details. Andersen Group Reports Third Quarter Revenue Growth of 18.7% to $337.3 Million
• Positive Sentiment: The company’s 2027 revenue outlook of roughly $1.275 billion–$1.325 billion is above the cited FactSet estimate of $1.17 billion. Andersen also raised its 2026 adjusted EBITDA guidance to $255 million–$275 million, signaling management expects continued growth. Andersen projects 2027 revenue and raises 2026 EBITDA guidance
• Negative Sentiment: Leverage remains a potential concern: the supplied company background reports a debt-to-equity ratio of 7.82. That may temper enthusiasm for the growth outlook, particularly if investors question the quality or durability of the reported EPS beat.

About Andersen Group

Andersen Group is a professional services firm providing tax, legal, valuation, financial advisory and consulting services to individuals, families and businesses. Its work includes tax planning and compliance, business and transaction advisory, and legal and valuation support. The firm traces its origins to WTAS, established in 2002 by former Arthur Andersen professionals. It later adopted the Andersen name and developed an international presence through the Andersen network of affiliated firms.