Andersen Group (NYSE:ANDG) Price Target Raised to $44.00 at Robert W. Baird

Andersen Group (NYSE:ANDG) had its target price upped by research analysts at Robert W. Baird from $42.00 to $44.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Robert W. Baird’s target price suggests a potential upside of 21.61% from the company’s previous close.

Several other equities analysts have also issued reports on the company. Weiss Ratings started coverage on Andersen Group in a research note on Monday, April 6th. They issued a “sell (e)” rating on the stock. Zacks Research upgraded Andersen Group to a “hold” rating in a research note on Tuesday, January 13th. UBS Group raised their price objective on Andersen Group from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, April 13th. Finally, Morgan Stanley boosted their target price on Andersen Group from $22.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 18th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $34.00.

Andersen Group Stock Performance

ANDG opened at $36.18 on Wednesday. The company has a 50-day moving average of $29.56. Andersen Group has a 1 year low of $18.12 and a 1 year high of $37.75.

Andersen Group (NYSE:ANDG) last posted its earnings results on Tuesday, May 12th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.08). The business had revenue of $240.75 million during the quarter. The firm’s revenue was up 15.7% on a year-over-year basis. Sell-side analysts predict that Andersen Group will post 0.23 EPS for the current fiscal year.

Institutional Investors Weigh In On Andersen Group

A number of large investors have recently modified their holdings of ANDG. Teacher Retirement System of Texas purchased a new stake in shares of Andersen Group during the fourth quarter worth about $4,278,000. PNC Financial Services Group Inc. purchased a new stake in Andersen Group in the fourth quarter valued at approximately $215,000. Royce & Associates LP purchased a new stake in Andersen Group in the fourth quarter valued at approximately $19,948,000. Seven Grand Managers LLC purchased a new stake in Andersen Group in the fourth quarter valued at approximately $12,965,000. Finally, Goldman Sachs Group Inc. purchased a new stake in Andersen Group in the fourth quarter valued at approximately $10,420,000.

About Andersen Group

Our mission is to deliver exceptional client service grounded in integrity, transparency, and excellence. Since our founding in 2002, we have experienced rapid and sustained growth, powered by our people, our values and our relentless commitment to innovative, client-focused solutions. Building on the rich traditions and culture of the former Arthur Andersen, we are driven by a bold vision to lead in a complex global marketplace, creating lasting value for our clients, our people and our investors.