Andersen Group (NYSE:ANDG) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Andersen Group (NYSE:ANDG) had its price objective hoisted by research analysts at Wells Fargo & Company from $25.00 to $38.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price points to a potential upside of 1.34% from the stock’s previous close.

A number of other brokerages have also recently issued reports on ANDG. Weiss Ratings initiated coverage on shares of Andersen Group in a report on Monday, April 6th. They issued a “sell (e)” rating on the stock. Zacks Research upgraded Andersen Group to a “hold” rating in a research report on Tuesday, January 13th. Robert W. Baird increased their target price on Andersen Group from $42.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday. UBS Group upped their price target on shares of Andersen Group from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, April 13th. Finally, Morgan Stanley upped their target price on shares of Andersen Group from $22.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 18th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $35.00.

Andersen Group Trading Up 3.1%

ANDG opened at $37.50 on Wednesday. The business’s 50-day moving average price is $29.56. Andersen Group has a 12-month low of $18.12 and a 12-month high of $37.75.

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

Hedge Funds Weigh In On Andersen Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC lifted its position in shares of Andersen Group by 1.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 130,856 shares of the company’s stock worth $3,559,000 after acquiring an additional 1,267 shares during the period. Wells Fargo & Company MN acquired a new stake in shares of Andersen Group during the 4th quarter worth about $46,000. Bank of New York Mellon Corp boosted its position in Andersen Group by 47.0% in the first quarter. Bank of New York Mellon Corp now owns 18,636 shares of the company’s stock valued at $507,000 after buying an additional 5,962 shares in the last quarter. PNC Financial Services Group Inc. acquired a new stake in shares of Andersen Group during the fourth quarter worth approximately $215,000. Finally, Barclays PLC acquired a new position in shares of Andersen Group in the 4th quarter worth approximately $218,000.

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.