BMO Capital took its Andersons [ANDE] rating to the equivalent of Market Perform from Outperform, and the price target to $26.0 from $24, in a research note dated 2021-01-11. That figure represents around a 3.26% premium from where the company’s shares closed on Friday. Other analysts also revised their coverage, with BMO Capital Markets’s analysts upgrading the shares from “a Market perform” rating to “an Outperform” rating in a research note to investors issued in mid September. Meanwhile, National Securities had launched its coverage on ANDE with “Buy”, in a research note produced for clients August 26, 2020. In addition, Seaport Global Securities launched coverage on July 28, 2020. The research firm rated ANDE “a Neutral”.
Is The Andersons Inc. [NASDAQ:ANDE] a Good Buy Right Now?
It should be noted that ANDE technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 100% Buy in the last week and compares with 100% Buy in the past month. Data from The Andersons Inc.’s Trend Spotter indicated that the signals were Weakest. The stock current average is 0.21 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 0.21 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 0.22 million shares.
ANDE Price Performance
On Wall Street, The Andersons Inc. [NASDAQ:ANDE] finished Friday’s session down -1.45% at $25.18. The stock went up to $25.75 at the same session while its lowest single day price was $24.85. In the last five days, it saw a rise of about 2.73%, The Andersons Inc. shares gained by almost 2.73% since the beginning of the year. However, the share price has dropped to as low as -3.19% below its one year high. On 01/06/21, the company shares recorded $26.01, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $23.69. The company’s shares have inclined by 1.00% in the past year. The 50-day SMA achieved is $22.79 while the 200-day SMA is $17.94. Volume dropped to 0.15 million from 0.2 million in the previous session.
ANDE Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 24.77 level, and in case of violation of this particular level, it will cause more drop to 24.36 level. On the upper level, 26.16 is still the key resistance. The stock may increase to the subsequent resistance at 25.67. The Relative Strength Index (RSI) pinned on the 14-day chart is 60.34, implying a neutral technical stance while the MACD stands at 1.11, meaning price will increase in the next trading period. Percent R indicator moved to 17.81%, implying bullish price movement. Stochastic %K at 82.98% suggest selling the stock.
What is the short interest in The Andersons Inc.?
Short interest in the The Andersons Inc. stock has surged, increasing by 0.12 million shares to total 0.47 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 0.6 million, data from Yahoo Finance shows. The decrease of -26.42% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 2.12% of the overall float for the stock.
The Andersons Inc.’s Biggest Shareholders: Who Owns The Andersons Inc. [ANDE]?
Filings by BlackRock Fund Advisors showed that the firm now holds a total of 4,206,950 shares or roughly 12.76% of the outstanding ANDE shares. This means their shares have reduced by -333,934 from the 4,206,950 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, The Vanguard Group, Inc. updated stake is worth $75,309,741. Details in the latest 13F filings reveal that Dimensional Fund Advisors LP disposed off their -0.57% stake valued at $56,013,153 while Northern Trust Investments, Inc. cut theirs at $26,351,025. During the last quarter, Dimensional Fund Advisors LP liquidated -14,145 of its shares in The Andersons Inc. while Northern Trust Investments, Inc. sold -25,438 shares. The SSgA Funds Management, Inc.’s holdings currently number 1,094,915 shares at $27569959.7. According to the firm’s last 13F report, Private Management Group, Inc. shares in the company at filing stood at 951,714 shares, roughly $21,632,459.
ANDE Earnings Forecast For The Current Quarter
The Andersons Inc. [ANDE] is expected to report strong earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $1.94B and an earnings per share of $0.55 for Dec 2020. Looking further ahead, the company is expected to report revenue of $1.83B at an EPS of -$0.18 for Mar 2021. The estimates represent upside of 2.00% and 961.54% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
ANDE Earnings Estimates For The Current Year
For the financial year, The Andersons Inc. [NASDAQ:ANDE] is expected to bring in revenue of $7.61B. The returns are nearly $-560.0 million lower than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at 0.13, lower than that of FY19 by -$1.17. Estimates put this year’s earnings growth at -90.00%, 961.50% for the next, and at an annual 8.00% over the next 5-year period. As for sales, forecasts are for a decrease of -6.90% in the current fiscal year and a further 2.00% over the following year.