Wells Fargo & Company Forecasts Strong Price Appreciation for Andersen Group (NYSE:ANDG) Stock

Andersen Group (NYSE:ANDG) had its target price increased by equities researchers at Wells Fargo & Company from $38.00 to $49.00 in a report released on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective suggests a potential upside of 7.33% from the company’s previous close.

Several other research analysts have also recently commented on ANDG. Robert W. Baird boosted their target price on Andersen Group from $44.00 to $57.00 and gave the stock an “outperform” rating in a research note on Thursday. Truist Financial lifted their price objective on Andersen Group from $42.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday. Morgan Stanley boosted their price objective on Andersen Group from $24.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $41.00 target price on shares of Andersen Group in a research note on Wednesday, May 13th. Finally, UBS Group lifted their price target on shares of Andersen Group from $34.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $45.17.

Andersen Group Price Performance

Andersen Group stock opened at $45.65 on Thursday. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 9.72. Andersen Group has a 52-week low of $18.12 and a 52-week high of $50.76. The firm has a market cap of $5.16 billion and a PE ratio of 268.62. The company’s 50 day moving average is $41.47 and its two-hundred day moving average is $33.14.

Andersen Group (NYSE:ANDG) last posted its quarterly earnings results on Wednesday, August 12th. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.07. The business had revenue of $217.66 million during the quarter. On average, research analysts expect that Andersen Group will post 0.73 EPS for the current fiscal year.

Insider Activity

In other Andersen Group news, Director Robert V. Gunderson, Jr. purchased 2,367 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was purchased at an average cost of $35.82 per share, with a total value of $84,785.94. Following the completion of the acquisition, the director directly owned 15,000 shares of the company’s stock, valued at $537,300. This trade represents a 18.74% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Durable Capital Partners Lp sold 336,736 shares of the firm’s stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $40.01, for a total transaction of $13,472,807.36. Following the sale, the insider directly owned 1,333,749 shares in the company, valued at approximately $53,363,297.49. The trade was a 20.16% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 13.00% of the company’s stock.

Institutional Trading of Andersen Group

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

Key Andersen Group News

Here are the key news stories impacting Andersen Group this week:

• Positive Sentiment: Strong Q2 performance: Andersen reported record second-quarter revenue of $217.66 million and an adjusted loss of $0.09 per share, beating the consensus estimate of a $0.16 loss by $0.07. Andersen Group Q2 earnings report
• Positive Sentiment: Guidance reaffirmed: Management maintained its 2026 revenue outlook of $980 million to $1 billion and adjusted EBITDA margin target of 22% to 23%, signaling confidence in profitability and demand despite a slowdown in inorganic revenue growth. Andersen reaffirms 2026 guidance
• Positive Sentiment: Analyst upgrades: Robert W. Baird raised its price target from $44 to $57 and assigned an “outperform” rating. Truist Financial raised its target from $42 to $55 and rated the shares “buy,” providing additional support for the stock’s bullish outlook. Benzinga analyst price-target updates
• Positive Sentiment: Expansion through acquisitions: Andersen is adding six firms across Mexico and the United States, along with two strategic acquisitions in the U.K. and U.S., expanding its geographic reach and future revenue base. Andersen Group acquisition announcement
• Neutral Sentiment: Valuation remains demanding: ANDG has a price-to-earnings ratio of roughly 295 and trades close to its 52-week high, leaving the shares sensitive to any earnings or growth disappointment.

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.