Andersen Group Inc. (NYSE:ANDG) Stock Rated “Moderate Buy” by Sell-Side Analysts

Andersen Group Inc. (NYSE:ANDG) has been assigned a consensus recommendation of “Moderate Buy” from the ten research firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $56.14.

ANDG has been the subject of several research reports. Truist Financial boosted their price objective on shares of Andersen Group from $55.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, September 25th. Weiss Ratings raised shares of Andersen Group from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Thursday, September 24th. Wells Fargo & Company raised their target price on shares of Andersen Group from $38.00 to $49.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 13th. BMO Capital Markets started coverage on shares of Andersen Group in a research note on Tuesday, September 8th. They set a “market perform” rating and a $58.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $56.00 price target on shares of Andersen Group in a report on Friday, August 14th.

Andersen Group Trading Down 0.9%

Shares of ANDG traded down $0.53 during trading hours on Friday, reaching $58.42. 250,280 shares of the company traded hands, compared to its average volume of 482,118. The firm has a market cap of $6.60 billion and a price-to-earnings ratio of -110.24. Andersen Group has a 12-month low of $18.12 and a 12-month high of $60.15. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 7.82. The stock’s fifty day moving average price is $53.97 and its 200 day moving average price is $43.30.

Andersen Group (NYSE:ANDG) last posted its quarterly earnings results on Wednesday, August 12th. The company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.07. The company had revenue of $217.66 million during the quarter. Sell-side analysts forecast that Andersen Group will post 0.73 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its holdings in shares of Andersen Group by 1.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 130,856 shares of the company’s stock worth $3,559,000 after buying an additional 1,267 shares during the period. Sei Investments Co. grew its position in shares of Andersen Group by 96.3% during the 1st quarter. Sei Investments Co. now owns 121,649 shares of the company’s stock worth $3,309,000 after buying an additional 59,693 shares in the last quarter. Renaissance Technologies LLC purchased a new position in shares of Andersen Group during the first quarter valued at $1,686,000. Corient Private Wealth LP increased its stake in shares of Andersen Group by 67.2% during the second quarter. Corient Private Wealth LP now owns 23,005 shares of the company’s stock valued at $868,000 after buying an additional 9,245 shares during the period. Finally, Squarepoint Ops LLC purchased a new position in shares of Andersen Group during the second quarter valued at $592,000.

About Andersen Group

Our mission is to deliver exceptional client service grounded in integrity, transparency, and excellence. Since our founding in 2002, we have experienced rapid and sustained growth, powered by our people, our values and our relentless commitment to innovative, client-focused solutions. Building on the rich traditions and culture of the former Arthur Andersen, we are driven by a bold vision to lead in a complex global marketplace, creating lasting value for our clients, our people and our investors.