In a report released today, Ben Klieve from Lake Street reiterated a Buy rating on The Andersons (ANDE – Research Report), with a price target of $60.00. The company’s shares closed last Thursday at $51.57.
Klieve has an average return of 53.9% when recommending The Andersons.
According to TipRanks.com, Klieve is ranked #355 out of 7923 analysts.
The Andersons has an analyst consensus of Moderate Buy, with a price target consensus of $50.00.
The Andersons’ market cap is currently $1.68B and has a P/E ratio of 16.09.
Based on the recent corporate insider activity of 109 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ANDE in relation to earlier this year. Last month, Bowe Patrick E., the President & CEO of ANDE sold 25,693 shares for a total of $1,062,600.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
The Andersons, Inc. is an agricultural rooted diversified company, which engages in railcar leasing and repair, turf products production, and consumer retailing. It operates through the following business segments: Trade, Ethanol, Plant Nutrient, and Rail. The Trade segment specializes in the movement of physical commodities such as whole grains, grains products, feed ingredients, frac sand, domestic fuel products, and other agricultural commodities. The Ethanol segment purchases and sells ethanol; offers facility operations, risk management, and ethanol and corn oil marketing services. The Plant Nutrient segment manufactures, distributes, and retails agricultural plant nutrients; corncob-based products; and pelleted lime and gympsum products. The Retail segment leases, repairs, and sells various types of railcars, locomotives and barges. The company was founded by Harold Anderson and Margaret Anderson in 1947 and is headquartered in Maumee, OH.
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