Andersons (NASDAQ:ANDE) Downgraded by BidaskClub

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

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

Shares of Andersons stock opened at $24.98 on Thursday. The business’s 50 day simple moving average is $26.31 and its 200 day simple moving average is $30.54. Andersons has a 52-week low of $23.88 and a 52-week high of $41.60. The firm has a market cap of $794.46 million, a PE ratio of 15.04 and a beta of 1.30. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.78 and a current ratio of 1.36.

Andersons (NASDAQ:ANDE) last announced its earnings results on Tuesday, August 6th. The basic materials company reported $0.98 earnings per share (EPS) for the quarter, beating the Zacks’ 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 business had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.37 billion. During the same quarter last year, the firm earned $0.76 EPS. Andersons’s revenue for the quarter was up 155.1% compared to the same quarter last year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Quantamental Technologies LLC bought a new position in shares of Andersons during the 2nd quarter worth approximately $28,000. Resources Investment Advisors Inc. bought a new position in shares of Andersons during the 1st quarter worth approximately $31,000. IndexIQ Advisors LLC boosted its stake in shares of Andersons by 46.7% during the 1st quarter. IndexIQ Advisors LLC now owns 2,697 shares of the basic materials company’s stock worth $87,000 after acquiring an additional 859 shares during the period. Fort Washington Investment Advisors Inc. OH bought a new position in shares of Andersons during the 1st quarter worth approximately $207,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in shares of Andersons during the 1st quarter worth approximately $208,000. Institutional investors 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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