Andersons (NASDAQ:ANDE) Insider Neill Mckinstray sold 1,000 shares of the stock on the open market in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $67.00, for a total transaction of $67,000.00. Following the transaction, the insider now directly owns 2,470 shares in the company. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on ANDE shares. Analysts at BMO Capital Markets raised their price target on shares of Andersons from $52.00 to $70.00 in a research note to investors on Thursday, August 8th. They now have a “market perform” rating on the stock. Separately, analysts at Feltl & Co. raised their price target on shares of Andersons from $57.00 to $68.00 in a research note to investors on Thursday, August 8th. They now have a “buy” rating on the stock. Finally, analysts at Scotiabank raised their price target on shares of Andersons from $51.50 to $57.00 in a research note to investors on Monday, July 22nd.
Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $62.20.
Shares of Andersons (NASDAQ:ANDE) opened at 65.66 on Monday. Andersons has a one year low of $35.45 and a one year high of $69.73. The stock’s 50-day moving average is $62. and its 200-day moving average is $54.84. The company has a market cap of $1.225 billion and a P/E ratio of 17.05.
Andersons (NASDAQ:ANDE) last announced its earnings results on Tuesday, August 6th. The company reported $1.57 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.54 by $0.03. The company had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the prior year, the company posted $1.56 earnings per share. The company’s quarterly revenue was up 19.1% on a year-over-year basis. Analysts expect that Andersons will post $4.16 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, October 22nd. Investors of record on Tuesday, October 1st will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 0.97%. The ex-dividend date is Friday, September 27th.
The Andersons, Inc is a diversified company engaged in agriculture business. The Company conducts business across North America in the grain, ethanol, and plant nutrient sectors, railcar leasing, turf and cob products, and consumer retailing.
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