Andersons (NASDAQ:ANDE – Get Free Report) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday.
Andersons Stock Down 3.0 %
Andersons stock opened at $47.05 on Wednesday. The firm has a 50 day simple moving average of $48.12 and a 200 day simple moving average of $49.80. The company has a current ratio of 1.98, a quick ratio of 1.44 and a debt-to-equity ratio of 0.36. Andersons has a 1-year low of $41.76 and a 1-year high of $61.46. The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of 13.44 and a beta of 0.60.
Andersons (NASDAQ:ANDE – Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The basic materials company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.37. Andersons had a return on equity of 8.21% and a net margin of 1.06%. The company had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same period in the previous year, the business earned $0.13 earnings per share. The firm’s quarterly revenue was down 27.9% compared to the same quarter last year.
Hedge Funds Weigh In On Andersons
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.
See Also
- Five stocks we like better than Andersons
- Using the MarketBeat Dividend Yield Calculator
- Home Depot Stock: Targeting 12% in 2024 and 25% More in 2025
- Want to Profit on the Downtrend? Downtrends, Explained.
- Is Tesla’s Valuation a Bubble or Backed by Real Growth?
- Unveiling The Power Of VWAP: A Key Indicator For Traders
- Trucking Stocks Led the Pack Last Week: Can They Keep Rolling?
Receive News & Ratings for Andersons Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Andersons and related companies with MarketBeat.com's FREE daily email newsletter.