Andersons (NASDAQ:ANDE) Upgraded to Buy at StockNews.com

StockNews.com upgraded shares of Andersons (NASDAQ:ANDE) from a hold rating to a buy rating in a research report sent to investors on Wednesday.

Andersons Stock Up 2.6 %

Shares of Andersons stock opened at $48.27 on Wednesday. The business’s 50 day simple moving average is $48.05 and its 200 day simple moving average is $49.70. Andersons has a 52-week low of $41.76 and a 52-week high of $61.46. The firm has a market cap of $1.64 billion, a PE ratio of 13.79 and a beta of 0.60. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.23 and a current ratio of 1.98.

Andersons (NASDAQ:ANDE) last announced its earnings results on Monday, November 4th. The basic materials company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.37. Andersons had a return on equity of 8.21% and a net margin of 1.06%. The business had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same quarter last year, the firm earned $0.13 EPS. Andersons’s revenue for the quarter was down 27.9% compared to the same quarter last year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ANDE. nVerses Capital LLC acquired a new position in shares of Andersons during the 2nd quarter worth approximately $25,000. Innealta Capital LLC acquired a new position in shares of Andersons during the 2nd quarter worth approximately $57,000. EverSource Wealth Advisors LLC increased its position in shares of Andersons by 323.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,084 shares of the basic materials company’s stock worth $60,000 after purchasing an additional 828 shares during the last quarter. Truvestments Capital LLC bought a new position in shares of Andersons during the 3rd quarter worth approximately $98,000. Finally, SG Americas Securities LLC bought a new position in shares of Andersons during the 1st quarter worth approximately $193,000. Institutional investors and hedge funds own 87.06% of the company’s stock.

About Andersons

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.