Andersen Group Inc. (NYSE:ANDG) Receives $39.00 Average PT from Brokerages

Shares of Andersen Group Inc. (NYSE:ANDG) have been given an average recommendation of “Moderate Buy” by the nine research firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $39.00.

Several research firms have weighed in on ANDG. Robert W. Baird boosted their price objective on Andersen Group from $42.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $41.00 target price on shares of Andersen Group in a research note on Wednesday, May 13th. Wells Fargo & Company boosted their price target on shares of Andersen Group from $25.00 to $38.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 13th. Morgan Stanley increased their price target on shares of Andersen Group from $24.00 to $27.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 13th. Finally, Truist Financial lifted their price objective on shares of Andersen Group from $32.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th.

Andersen Group Trading Up 0.5%

Andersen Group stock opened at $38.71 on Wednesday. Andersen Group has a 52 week low of $18.12 and a 52 week high of $40.11. The business’s 50 day moving average price is $32.15.

Andersen Group (NYSE:ANDG) last released 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 firm had revenue of $240.75 million during the quarter. The firm’s quarterly revenue was up 15.7% compared to the same quarter last year. As a group, sell-side analysts expect that Andersen Group will post 0.23 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Robert V. Gunderson, Jr. purchased 2,367 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was bought at an average price of $35.82 per share, for a total transaction of $84,785.94. Following the purchase, the director directly owned 15,000 shares in the company, valued at approximately $537,300. This trade represents a 18.74% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Hedge Funds Weigh In On Andersen Group

Institutional investors and hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. purchased a new stake in Andersen Group in the fourth quarter worth $45,987,000. J. Goldman & Co LP purchased a new position in shares of Andersen Group during the 4th quarter valued at $30,079,000. Brown Advisory Inc. bought a new position in shares of Andersen Group during the 4th quarter worth $29,365,000. Franklin Resources Inc. bought a new position in shares of Andersen Group during the 4th quarter worth $25,864,000. Finally, Royce & Associates LP purchased a new stake in Andersen Group in the 4th quarter worth about $19,948,000.

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.