Andersons (NASDAQ:ANDE) Upgraded by StockNews.com to “Buy”

Andersons (NASDAQ:ANDE) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.

Andersons Stock Up 0.2 %

NASDAQ ANDE opened at $46.58 on Thursday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.44 and a current ratio of 2.07. The company has a market capitalization of $1.59 billion, a P/E ratio of 13.16 and a beta of 0.57. Andersons has a one year low of $44.65 and a one year high of $61.46. The stock has a 50 day moving average price of $48.87 and a 200-day moving average price of $50.82.

Andersons (NASDAQ:ANDE) last posted its earnings results on Tuesday, August 6th. The basic materials company reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.04). The firm had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $3.20 billion. Andersons had a net margin of 0.83% and a return on equity of 6.99%. The firm’s revenue was down 30.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.52 earnings per share.

Institutional Trading of Andersons

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Pacer Advisors Inc. raised its holdings in Andersons by 8.8% during the 2nd quarter. Pacer Advisors Inc. now owns 3,737,703 shares of the basic materials company’s stock valued at $185,390,000 after buying an additional 303,711 shares during the period. American Century Companies Inc. raised its holdings in Andersons by 16.8% during the 2nd quarter. American Century Companies Inc. now owns 933,968 shares of the basic materials company’s stock valued at $46,325,000 after buying an additional 134,126 shares during the period. Victory Capital Management Inc. raised its holdings in Andersons by 8.7% during the 2nd quarter. Victory Capital Management Inc. now owns 456,624 shares of the basic materials company’s stock valued at $22,649,000 after buying an additional 36,594 shares during the period. Goldman Sachs Group Inc. raised its holdings in Andersons by 11.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 349,172 shares of the basic materials company’s stock valued at $20,091,000 after buying an additional 36,146 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in Andersons by 1.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 336,714 shares of the basic materials company’s stock valued at $16,701,000 after buying an additional 5,983 shares during the period. Hedge funds and other institutional investors own 87.06% of the company’s stock.

Andersons Company Profile

The Andersons, Inc operates in trade, renewables, and nutrient and industrial sectors in the United States, Canada, Mexico, Egypt, Switzerland, and internationally. It operates through three segments: Trade, Renewables, and Nutrient & Industrial. The company’s Trade segment operates grain elevators; stores commodities; and provides grain marketing, risk management, and origination services, as well as sells commodities, such as corn, soybeans, wheat, oats, ethanol, and corn oil.