Stock of The Day: What’s Next for Andersons Inc After Touching 52-Week High?

Stock of The Day: What's Next for Andersons Inc After Touching 52 Week High?

The stock of Andersons Inc (NASDAQ:ANDE) hit a new 52-week high and has $43.12 target or 7.00% above today’s $40.30 share price. The 5 months bullish chart indicates low risk for the $1.13 billion company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $43.12 price target is reached, the company will be worth $79.10 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 132,667 shares traded hands or 5.94% up from the average. Andersons Inc (NASDAQ:ANDE) has risen 14.69% since April 22, 2016 and is uptrending. It has outperformed by 9.28% the S&P500.

Analysts await Andersons Inc (NASDAQ:ANDE) to report earnings on February, 8. They expect $0.72 earnings per share, up 300.00% or $0.54 from last year’s $0.18 per share. ANDE’s profit will be $20.19 million for 13.99 P/E if the $0.72 EPS becomes a reality. After $0.06 actual earnings per share reported by Andersons Inc for the previous quarter, Wall Street now forecasts 1,100.00% EPS growth.

Andersons Inc (NASDAQ:ANDE) Ratings Coverage

Out of 3 analysts covering The Andersons Inc (NASDAQ:ANDE), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. The Andersons Inc has been the topic of 5 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of Andersons Inc (NASDAQ:ANDE) has “Overweight” rating given on Wednesday, May 18 by Stephens. The firm has “Neutral” rating given on Monday, October 19 by Buckingham Research. On Monday, September 26 the stock rating was upgraded by Buckingham Research to “Buy”.

According to Zacks Investment Research, “The Andersons, Inc. is a diversified company operating in three segments. The Agriculture Group engages in grain merchandising, operates grain elevator facilities, distributes wholesale agricultural fertilizer and operates retail farm centers. The Processing and Manufacturing Group includes the processing of lawn and corn-cob based products; the purchase, sale, repair and leasing of railcars; and the operation of automotive service centers.”

Insitutional Activity: The institutional sentiment decreased to 1 in Q2 2016. Its down 0.06, from 1.06 in 2016Q1. The ratio dived, as 20 funds sold all Andersons Inc shares owned while 44 reduced positions. 21 funds bought stakes while 47 increased positions. They now own 20.19 million shares or 6.22% less from 21.52 million shares in 2016Q1.
Goldman Sachs Gp has 0% invested in the company for 29,333 shares. Invesco Ltd reported 167,586 shares or 0% of all its holdings. Auxier Asset Mngmt has 5,890 shares for 0.05% of their US portfolio. Jacobs Levy Equity holds 65,935 shares or 0.05% of its portfolio. Envestnet Asset Mgmt Incorporated holds 0% of its portfolio in Andersons Inc (NASDAQ:ANDE) for 2,926 shares. The British Columbia – Canada-based Pacad has invested 0% in Andersons Inc (NASDAQ:ANDE). Fifth Third Bankshares reported 3,300 shares or 0% of all its holdings. Profund Limited Liability Com holds 0.02% of its portfolio in Andersons Inc (NASDAQ:ANDE) for 8,688 shares. Aqr Cap Management Llc holds 0% or 15,588 shares in its portfolio. State Of Tennessee Treasury Department has 20,995 shares for 0% of their US portfolio. Prudential Financial, a New Jersey-based fund reported 70,765 shares. Blackrock Grp accumulated 38,482 shares or 0% of the stock. The Massachusetts-based State Street has invested 0% in Andersons Inc (NASDAQ:ANDE). Commonwealth Of Pennsylvania School Empls Retrmt reported 275,200 shares or 0.18% of all its holdings. Moreover, Geode Capital Mgmt Ltd Liability Corp has 0% invested in Andersons Inc (NASDAQ:ANDE) for 187,406 shares.

Insider Transactions: Since November 9, 2016, the stock had 0 insider purchases, and 6 sales for $591,213 net activity. $76,350 worth of Andersons Inc (NASDAQ:ANDE) shares were sold by Wolf William J. 10,000 shares with value of $394,500 were sold by SHAH RASESH H on Friday, November 18. 2,395 shares were sold by WOODS JACQUELINE F, worth $86,240 on Tuesday, November 15. Burchinow Naran Uchur also sold $19,723 worth of Andersons Inc (NASDAQ:ANDE) shares.

More important recent Andersons Inc (NASDAQ:ANDE) news were published by: Fool.com which released: “Why The Andersons, Inc. Shares Spiked Today” on May 18, 2016, also Prnewswire.com published article titled: “The Andersons, Inc. Reports Third Quarter Results”, Globenewswire.com published: “HC2 Submits Second Letter to The Andersons, Inc. Regarding Potential Acquisition” on June 02, 2016. More interesting news about Andersons Inc (NASDAQ:ANDE) was released by: Prnewswire.com and their article: “The Andersons, Inc. Reports Fourth-Quarter and Full Year Results” with publication date: February 10, 2016.

ANDE Company Profile

The Andersons, Inc., incorporated on August 19, 1987, is a diversified company. The Firm conducts business across North America in the grain, ethanol, plant nutrient and rail sectors. The Firm also produces turf and cob products, and has a consumer retailing presence. The Firm operates through five divisions: Grain, Ethanol, Rail, Plant Nutrient and Retail. The Firm owns an ethanol facility in Denison, Iowa with a nameplate capacity of approximately 55 million gallons. The Firm owns lawn fertilizer production facilities in Maumee, Ohio, Bowling Green, Ohio, Montgomery, Alabama, and Mocksville, North Carolina. It also owns a corncob processing and storage facility in Delphi, Indiana and over two cob facilities located in Central Illinois. The Firm leases a lawn fertilizer warehouse facility in Toledo, Ohio. The Firm operates approximately 20 railcar repair facilities and over one fabrication shop throughout the country, primarily in the Midwest, South, and West. It also owns an auto service center that is leased to its former venture partner.

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