Andersen Group (NYSE:ANDG) Sets New 52-Week High – What’s Next?

Andersen Group Inc. (NYSE:ANDG) reached a new 52-week high on Tuesday. The company traded as high as $58.21 and last traded at $58.1120, with a volume of 6,767 shares traded. The stock had previously closed at $57.66.

Analysts Set New Price Targets

ANDG has been the subject of a number of recent research reports. Morgan Stanley raised their target price on Andersen Group from $27.00 to $54.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 13th. Truist Financial lifted their price target on Andersen Group from $55.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, September 25th. Weiss Ratings raised shares of Andersen Group from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Thursday, September 24th. Wells Fargo & Company boosted their price target on shares of Andersen Group from $38.00 to $49.00 and gave the company an “equal weight” rating in a research report on Thursday, August 13th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $56.00 price objective on shares of Andersen Group in a report on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $56.14.

Andersen Group Price Performance

The stock’s fifty day moving average price is $53.60 and its 200-day moving average price is $42.96. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 7.82.

Andersen Group (NYSE:ANDG) last released its quarterly earnings results on Wednesday, August 12th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.07. The firm had revenue of $217.66 million for the quarter. On average, sell-side analysts expect that Andersen Group Inc. will post 0.73 EPS for the current fiscal year.

Institutional Investors Weigh In On Andersen Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ANDG. Allspring Global Investments Holdings LLC lifted its stake in shares of Andersen Group by 1.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 130,856 shares of the company’s stock valued at $3,559,000 after purchasing an additional 1,267 shares during the last quarter. Sei Investments Co. increased its position in shares of Andersen Group by 96.3% during the 1st quarter. Sei Investments Co. now owns 121,649 shares of the company’s stock worth $3,309,000 after purchasing an additional 59,693 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Andersen Group during the 1st quarter worth about $1,686,000. Corient Private Wealth LP increased its position in shares of Andersen Group by 67.2% during the 2nd quarter. Corient Private Wealth LP now owns 23,005 shares of the company’s stock worth $868,000 after purchasing an additional 9,245 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Andersen Group by 47.0% in the 1st quarter. Bank of New York Mellon Corp now owns 18,636 shares of the company’s stock valued at $507,000 after buying an additional 5,962 shares during the period.

Andersen Group Company Profile

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.