The Andersons Rating Lowered to Buy at Feltl & Co. (ANDE)

By admin | 7 years ago

The Andersons (NASDAQ: ANDE) was downgraded by research analysts at Feltl & Co. from a “strong-buy” rating to a “buy” rating in a report released on Tuesday. They currently have a $52.82 target price on the stock.

The Andersons traded down 1.96% on Tuesday, hitting $46.90. The Andersons has a 1-year low of $30.04 and a 1-year high of $51.50. The company has a market cap of $872.0 million and a price-to-earnings ratio of 9.31.

The Andersons last released its earnings data on Monday, May 7th. The company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.12. The company’s revenue for the quarter was up 13.5% on a year-over-year basis. Analysts expect that The Andersons will post $0.54 EPS next quarter.

Several other analysts have also recently commented on the stock. Analysts at Stephens downgraded shares of The Andersons from an “overweight” rating to an “equal weight” rating in a research note to investors on Wednesday, April 18th. Separately, analysts at Piper Jaffray (NYSE: PJC) raised their price target on shares of The Andersons from $45.00 to $50.00 in a research note to investors on Thursday, April 5th. Finally, analysts at BMO Capital Markets initiated coverage on shares of The Andersons in a research note to investors on Thursday, March 1st. They set a “market perform” rating on the stock.

The Andersons, Inc. is an entrepreneurial, customer-focused company with interests in the agriculture and transportation markets.

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