Andersons (NASDAQ:ANDE - Get Free Report) was upgraded by stock analysts at StockNews.com from a "hold" rating to a "buy" rating in a research report issued on Wednesday.
Andersons Price Performance
Andersons stock traded down $0.19 on Wednesday, reaching $46.86. The company's stock had a trading volume of 253,325 shares, compared to its average volume of 171,649. The business's fifty day moving average price is $48.12 and its 200 day moving average price is $49.80. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.23 and a current ratio of 1.98. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 13.52 and a beta of 0.60. Andersons has a twelve month low of $41.76 and a twelve month high of $61.46.
Andersons (NASDAQ:ANDE - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The basic materials company reported $0.80 EPS for the quarter, topping analysts' consensus estimates of $0.43 by $0.37. The firm had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.90 billion. Andersons had a net margin of 1.06% and a return on equity of 8.21%. The company's revenue was down 27.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.13 EPS.
Hedge Funds Weigh In On Andersons
A number of hedge funds and other institutional investors have recently bought and sold shares of ANDE. nVerses Capital LLC acquired a new stake in Andersons during the 2nd quarter worth $25,000. Innealta Capital LLC acquired a new stake in Andersons during the 2nd quarter worth approximately $57,000. EverSource Wealth Advisors LLC lifted its stake in Andersons by 323.4% in the first quarter. EverSource Wealth Advisors LLC now owns 1,084 shares of the basic materials company's stock valued at $60,000 after buying an additional 828 shares in the last quarter. Truvestments Capital LLC acquired a new position in shares of Andersons in the third quarter valued at approximately $98,000. Finally, SG Americas Securities LLC bought a new stake in shares of Andersons during the first quarter worth $193,000. 87.06% of the stock is owned by institutional investors.
About Andersons
(
Get Free Report)
The Andersons, Inc operates in trade, renewables, and nutrient and industrial sectors in the United States, Canada, Mexico, Egypt, Switzerland, and internationally. It operates through three segments: Trade, Renewables, and Nutrient & Industrial. The company's Trade segment operates grain elevators; stores commodities; and provides grain marketing, risk management, and origination services, as well as sells commodities, such as corn, soybeans, wheat, oats, ethanol, and corn oil.
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