Andersen Group (NYSE:ANDG) Hits New 1-Year High – What’s Next?

Shares of Andersen Group Inc. (NYSE:ANDG) hit a new 52-week high during trading on Tuesday . The stock traded as high as $40.00 and last traded at $36.7490, with a volume of 227 shares. The stock had previously closed at $37.30.

Wall Street Analyst Weigh In

Several analysts have commented on ANDG shares. UBS Group raised their target price on shares of Andersen Group from $34.00 to $42.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Weiss Ratings began coverage on shares of Andersen Group in a report on Monday, April 6th. They issued a “sell (e)” rating on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $41.00 price objective on shares of Andersen Group in a report on Wednesday, May 13th. Wells Fargo & Company lifted their price objective on shares of Andersen Group from $25.00 to $38.00 and gave the company an “equal weight” rating in a report on Wednesday, May 13th. Finally, Morgan Stanley raised their target price on shares of Andersen Group from $24.00 to $27.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $39.00.

Andersen Group Trading Up 8.0%

The business has a 50-day simple moving average of $30.96.

Andersen Group (NYSE:ANDG) last released its quarterly earnings data on Tuesday, May 12th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.08). The business had revenue of $240.75 million for the quarter. The company’s quarterly revenue was up 15.7% compared to the same quarter last year. As a group, equities analysts predict that Andersen Group Inc. will post 0.23 EPS for the current fiscal year.

Institutional Investors Weigh In On Andersen Group

Hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. acquired a new stake in shares of Andersen Group in the fourth quarter valued at approximately $45,987,000. J. Goldman & Co LP acquired a new stake in Andersen Group during the fourth quarter worth approximately $30,079,000. Brown Advisory Inc. acquired a new stake in Andersen Group during the fourth quarter worth approximately $29,365,000. Franklin Resources Inc. acquired a new position in Andersen Group in the fourth quarter valued at about $25,864,000. Finally, Royce & Associates LP bought a new stake in Andersen Group during the fourth quarter worth about $19,948,000.

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.