Andersen Group (NYSE:ANDG) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Andersen Group (NYSE:ANDG) had its target price lifted by stock analysts at Robert W. Baird from $64.00 to $71.00 in a report released on Friday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Robert W. Baird‘s price objective suggests a potential upside of 8.18% from the stock’s previous close.

A number of other brokerages also recently issued reports on ANDG. Wells Fargo & Company upped their price objective on Andersen Group from $38.00 to $49.00 and gave the company an “equal weight” rating in a research note on Thursday, August 13th. BMO Capital Markets assumed coverage on Andersen Group in a research note on Tuesday, September 8th. They set a “market perform” rating and a $58.00 target price on the stock. Deutsche Bank reissued a “buy” rating and issued a $56.00 price target on shares of Andersen Group in a report on Friday, August 14th. Morgan Stanley increased their price target on shares of Andersen Group from $27.00 to $54.00 and gave the company an “equal weight” rating in a research report on Thursday, August 13th. Finally, Truist Financial raised their price objective on shares of Andersen Group from $55.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, September 25th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Andersen Group presently has a consensus rating of “Moderate Buy” and an average target price of $57.14.

Andersen Group Stock Performance

Shares of NYSE ANDG opened at $65.63 on Friday. Andersen Group has a twelve month low of $18.12 and a twelve month high of $68.41. The stock’s 50 day moving average price is $58.87 and its 200-day moving average price is $41.07. The company has a debt-to-equity ratio of 7.82, a quick ratio of 2.19 and a current ratio of 2.19.

Andersen Group (NYSE:ANDG) last issued its quarterly earnings results on Wednesday, August 12th. The company reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.07. The business had revenue of $217.66 million for the quarter. As a group, equities analysts predict that Andersen Group will post 0.73 EPS for the current year.

Hedge Funds Weigh In On Andersen Group

Several institutional investors and hedge funds have recently bought and sold shares of ANDG. First Trust Advisors LP lifted its position in shares of Andersen Group by 334.7% during the 3rd quarter. First Trust Advisors LP now owns 186,858 shares of the company’s stock valued at $10,165,000 after buying an additional 143,869 shares during the last quarter. Global Retirement Partners LLC increased its holdings in Andersen Group by 454.0% in the 3rd quarter. Global Retirement Partners LLC now owns 554 shares of the company’s stock worth $30,000 after acquiring an additional 454 shares during the last quarter. Bridges Investment Management Inc. purchased a new stake in Andersen Group in the 3rd quarter worth about $221,000. Vise Technologies Inc. purchased a new stake in Andersen Group in the 3rd quarter worth about $528,000. Finally, GAMMA Investing LLC raised its stake in Andersen Group by 353.9% in the 3rd quarter. GAMMA Investing LLC now owns 1,498 shares of the company’s stock valued at $81,000 after acquiring an additional 1,168 shares during the period.

About Andersen Group

Andersen Group is a professional services firm providing tax, legal, valuation, financial advisory and consulting services to individuals, families and businesses. Its work includes tax planning and compliance, business and transaction advisory, and legal and valuation support. The firm traces its origins to WTAS, established in 2002 by former Arthur Andersen professionals. It later adopted the Andersen name and developed an international presence through the Andersen network of affiliated firms.