Andersons ANDE Downgraded to Hold by StockNews.com Amidst Varied Analyst Opinions

Andersons ( ANDE – Get Free Report) has seen a recent change in its stock rating. The company was downgraded from 'buy' to 'hold' by investment analysts at StockNews.com, reflecting a shift in market sentiment about the agricultural company's near-term prospects.

Other Analysts' Ratings for Andersons

Despite the downgrade, Andersons has received varying opinions from other brokerages. Roth Mkm previously upgraded their price target on ANDE from $55 to $65 with a 'buy' rating, while Stephens had also raised their target from $55 to $60 and maintained an 'overweight' rating. Additionally, Lake Street Capital bumped up their price target for Andersons from $50 to $60, reiterating a 'buy' rating.

Financial Performance and Stock Movements

On Friday, shares of ANDE started trading at $49.23. The company has a market cap of $1.66 billion, a price-to-earnings ratio of 28.79, and a beta coefficient of 0.75. With a 50-day moving average of $50.62 and a 200-day moving average of $47.40, the stock shows robust performance indicators. However, Andersons reported a recent earnings miss with a quarterly EPS of $0.13, falling short of the $0.52 consensus estimate. The firm’s quarterly revenue also saw a decrease compared to the previous year.

Insider Transactions at Andersons

Insider sales are often examined for insights into a company’s health. At Andersons, various transactions involving company stock were disclosed, including sales by insiders such as VP Brian K. Walz and COO William E. Krueger, who offloaded substantial shares, albeit maintaining a proportion of holdings indicative of continued commitment to the company's future.

Institutional Interest in Andersons

Institutions have shown a dynamic interest in ANDE with multiple funds adjusting their positions. Entities like Covestor Ltd and US Bancorp DE made significant increases in their holdings, alongside Federated Hermes Inc. FHI, highlighting a continued institutional confidence in Andersons.

About Andersons and Federated Hermes

ANDE, headquartered in Maumee, Ohio, operates across various sectors, including trade, renewables, plant nutrients, and railroads. FHI, on the other hand, is a prominent asset management firm based in Pittsburgh, Pennsylvania, with additional offices in significant financial centers.

Andersons, Downgrade, Hold