Andersen Group Inc. (NYSE:ANDG) Stock Has Average Price Target of $56.14 According to Brokerages

Shares of Andersen Group Inc. (NYSE:ANDG) have been assigned an average recommendation of “Moderate Buy” from the ten brokerages that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $56.14.

A number of research analysts have recently commented on ANDG shares. BMO Capital Markets assumed coverage on Andersen Group in a report on Tuesday, September 8th. They set a “market perform” rating and a $58.00 price target on the stock. Morgan Stanley upped their price target on shares of 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 increased their price objective on shares of Andersen Group from $55.00 to $70.00 and gave the company a “buy” rating in a report on Friday, September 25th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $56.00 price objective on shares of Andersen Group in a research note on Friday, August 14th. Finally, Robert W. Baird boosted their target price on Andersen Group from $57.00 to $64.00 and gave the stock an “outperform” rating in a report on Monday, August 31st.

Hedge Funds Weigh In On Andersen Group

Hedge funds have recently modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its holdings in shares of Andersen Group by 1.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 130,856 shares of the company’s stock valued at $3,559,000 after buying an additional 1,267 shares during the period. Sei Investments Co. raised its position in Andersen Group by 96.3% in the first quarter. Sei Investments Co. now owns 121,649 shares of the company’s stock worth $3,309,000 after acquiring an additional 59,693 shares in the last quarter. Renaissance Technologies LLC bought a new stake in Andersen Group in the first quarter worth about $1,686,000. Corient Private Wealth LP raised its position in Andersen Group by 67.2% in the second quarter. Corient Private Wealth LP now owns 23,005 shares of the company’s stock worth $868,000 after acquiring an additional 9,245 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted 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 acquiring an additional 5,962 shares during the last quarter.

Andersen Group Stock Down 0.5%

ANDG opened at $65.46 on Wednesday. The stock’s 50 day moving average price is $58.49 and its 200 day moving average price is $40.64. The company has a debt-to-equity ratio of 7.82, a current ratio of 2.19 and a quick ratio of 2.19. The stock has a market cap of $7.40 billion and a P/E ratio of -123.52. Andersen Group has a 12 month low of $18.12 and a 12 month high of $68.41.

Andersen Group (NYSE:ANDG) last announced its quarterly earnings results on Wednesday, August 12th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.07. The business had revenue of $217.66 million for the quarter. As a group, research analysts predict that Andersen Group will post 0.73 earnings per share for the current year.

About Andersen Group

Andersen Group is a professional services firm providing tax, legal, valuation, financial advisory and consulting services to individuals, families and businesses. Its work includes tax planning and compliance, business and transaction advisory, and legal and valuation support. The firm traces its origins to WTAS, established in 2002 by former Arthur Andersen professionals. It later adopted the Andersen name and developed an international presence through the Andersen network of affiliated firms.