Andersen Group (NYSE:ANDG) Given New $42.00 Price Target at Truist Financial

Andersen Group (NYSE:ANDG) had its price objective upped by research analysts at Truist Financial from $32.00 to $42.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s target price points to a potential upside of 17.77% from the company’s previous close.

Several other analysts also recently issued reports on ANDG. Wells Fargo & Company boosted their price objective on Andersen Group from $25.00 to $38.00 and gave the stock an “equal weight” rating in a report on Wednesday. Weiss Ratings initiated coverage on shares of Andersen Group in a research report on Monday, April 6th. They issued a “sell (e)” rating on the stock. Morgan Stanley boosted their price target on shares of Andersen Group from $22.00 to $24.00 and gave the company an “equal weight” rating in a report on Wednesday, March 18th. UBS Group raised their price objective on shares of Andersen Group from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Monday, April 13th. Finally, Zacks Research upgraded shares of Andersen Group to a “hold” rating in a research report on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $36.40.

Andersen Group Stock Performance

Shares of NYSE:ANDG traded down $0.72 on Wednesday, reaching $35.66. 118,413 shares of the company traded hands, compared to its average volume of 314,609. The firm has a 50 day simple moving average of $29.56. Andersen Group has a fifty-two week low of $18.12 and a fifty-two week high of $39.54.

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

Institutional Trading of Andersen Group

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