Andersen Group (NYSE:ANDG) Price Target Raised to $42.00

Andersen Group (NYSE:ANDG) had its price objective upped by Truist Financial from $32.00 to $42.00 in a research note released on Wednesday, MarketBeat.com reports. The firm currently has a buy rating on the stock.

Other analysts have also issued reports about the company. Morgan Stanley increased their target price on Andersen Group from $22.00 to $24.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 18th. Robert W. Baird raised their price objective on Andersen Group from $42.00 to $44.00 and gave the company an “outperform” rating in a research note on Wednesday. Wells Fargo & Company raised their price objective on Andersen Group from $25.00 to $38.00 and gave the company an “equal weight” rating in a research note on Wednesday. UBS Group raised their price objective on Andersen Group from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Monday, April 13th. Finally, Weiss Ratings started coverage on Andersen Group in a research report on Monday, April 6th. They issued a “sell (e)” rating for the company. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Andersen Group presently has an average rating of “Moderate Buy” and a consensus target price of $39.00.

Andersen Group Trading Up 0.1%

ANDG opened at $35.03 on Wednesday. Andersen Group has a 52-week low of $18.12 and a 52-week high of $39.54. The stock’s fifty day moving average is $30.20.

Andersen Group (NYSE:ANDG) last released its earnings results on Tuesday, May 12th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.08). The firm had revenue of $240.75 million during the quarter. The company’s revenue for the quarter was up 15.7% compared to the same quarter last year. Equities analysts forecast that Andersen Group will post 0.23 earnings per share for the current year.

Hedge Funds Weigh In On Andersen Group

A number of hedge funds have recently made changes to their positions in ANDG. Wells Fargo & Company MN bought a new position in shares of Andersen Group during the fourth quarter worth about $46,000. PNC Financial Services Group Inc. bought a new position in shares of Andersen Group during the fourth quarter worth about $215,000. Barclays PLC bought a new position in shares of Andersen Group during the fourth quarter worth about $218,000. Voloridge Investment Management LLC bought a new position in shares of Andersen Group during the fourth quarter worth about $259,000. Finally, XTX Topco Ltd bought a new position in shares of Andersen Group during the fourth quarter worth about $269,000.

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.