Andersen Group (NYSE:ANDG) Stock Price Expected to Rise, UBS Group Analyst Says

Andersen Group (NYSE:ANDG) had its target price increased by equities research analysts at UBS Group from $32.00 to $34.00 in a report released on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s price objective indicates a potential upside of 16.41% from the company’s previous close.

Other equities analysts have also issued research reports about the company. Robert W. Baird lifted their price target on Andersen Group from $40.00 to $42.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 18th. Weiss Ratings initiated coverage on Andersen Group in a research report on Monday, April 6th. They issued a “sell (e)” rating for the company. William Blair upgraded Andersen Group to a “strong-buy” rating in a report on Monday, January 12th. Wells Fargo & Company upgraded Andersen Group to a “hold” rating in a report on Monday, January 12th. Finally, Truist Financial upgraded Andersen Group to a “strong-buy” rating in a report on Monday, January 12th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $33.33.

Andersen Group Price Performance

Shares of ANDG traded up $0.96 during trading hours on Monday, hitting $29.21. The company had a trading volume of 225,090 shares, compared to its average volume of 338,846. The company’s fifty day moving average is $24.25. Andersen Group has a 52-week low of $18.12 and a 52-week high of $30.27.

Andersen Group (NYSE:ANDG) last posted its quarterly earnings results on Tuesday, March 17th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.28) by $0.15. The company had revenue of $170.35 million during the quarter, compared to analysts’ expectations of $152.64 million.

Institutional Investors Weigh In On Andersen Group

Large investors have recently bought and sold shares of the business. Wells Fargo & Company MN bought a new stake in shares of Andersen Group during the 4th quarter valued at about $46,000. PNC Financial Services Group Inc. bought a new stake in shares of Andersen Group during the 4th quarter valued at about $215,000. Barclays PLC bought a new stake in shares of Andersen Group during the 4th quarter valued at about $218,000. Voloridge Investment Management LLC bought a new stake in shares of Andersen Group during the 4th quarter valued at about $259,000. Finally, XTX Topco Ltd bought a new stake in shares of Andersen Group during the 4th quarter valued at about $269,000.

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.