Boenning & Scattergood Analysts Initiate Coverage on The Andersons, Inc. (ANDE)
Friday, June 24, 2021 1:10 PM

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Equities research analysts at Boenning & Scattergood initiated coverage on shares of The Andersons, Inc. (NASDAQ: ANDE) in a research note to investors on Friday. The analysts set an "outperform" rating and a $50.00 price target on the stock.

Separately, analysts at Feltl & Co. upgraded shares of The Andersons, Inc. from a "strong buy" rating to a "buy" rating in a research note to investors on Friday, May 6th.

Shares of The Andersons, Inc. traded down 0.20% during mid-day trading on Monday, hitting $40.16. The Andersons, Inc. has a 52 week low of $29.90 and a 52 week high of $51.23. The stock's 50-day moving average is $41.73 and its 200-day moving average is $42.90. The company has a market cap of $747.0 million and a price-to-earnings ratio of 10.73.

The Andersons, Inc. last announced its quarterly results on Thursday, May 5th. The company reported $0.93 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.77 EPS by $0.16. During the same quarter in the prior year, the company posted $0.66 earnings per share. The company’s quarterly revenue was up 38.50% on a year-over-year basis. On average, analysts predict that The Andersons, Inc. will post $0.17 EPS next quarter.

The Andersons, Inc. is an entrepreneurial, customer-focused company with interests in the agriculture and transportation markets. The Company operates in five business segments: Grain & Ethanol, Rail Group, Plant Nutrient Group, Turf & Specialty Group, and Retail Group. In August 2009, the Company completed the acquisition of the assets of the fertilizer division of Hartung Brothers, Inc. (HBI).

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