Stock On Watch: What’s in Andersons Inc After Achieving 52-Week High?

Stock On Watch: What's in Andersons Inc After Achieving 52 Week High?

The stock of Andersons Inc (NASDAQ:ANDE) hit a new 52-week high and has $58.18 target or 49.00% above today’s $39.05 share price. The 8 months bullish chart indicates low risk for the $1.13 billion company. The 1-year high was reported on Nov, 2 by Barchart.com. If the $58.18 price target is reached, the company will be worth $553.70 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 20,970 shares traded hands. Andersons Inc (NASDAQ:ANDE) has risen 24.64% since March 31, 2016 and is uptrending. It has outperformed by 22.12% the S&P500.

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. $43 is the highest target while $36 is the lowest. The $39.33 average target is 0.72% above today’s ($39.05) stock price. 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) earned “Buy” rating by Buckingham Research on Monday, September 26. The stock of Andersons Inc (NASDAQ:ANDE) earned “Overweight” rating by Stephens on Wednesday, May 18. The stock has “Neutral” rating given by Buckingham Research on Monday, October 19.

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 1.06 in Q2 2016. Its down 0.26, from 1.32 in 2016Q1. The ratio fall, 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.
Deutsche Comml Bank Ag holds 0.01% or 416,564 shares in its portfolio. Blackrock Institutional Trust Co Na has 673,285 shares for 0% of their US portfolio. Creative Planning last reported 0% of its portfolio in the stock. Aperio Gp Ltd Liability Com holds 0% or 6,456 shares in its portfolio. Natixis Asset Mgmt owns 2,182 shares or 0.01% of their US portfolio. New York State Common Retirement Fund accumulated 0% or 28,000 shares. Meeder Asset Management holds 0% of its portfolio in Andersons Inc (NASDAQ:ANDE) for 1,503 shares. Swiss Savings Bank holds 0% of its portfolio in Andersons Inc (NASDAQ:ANDE) for 43,950 shares. Wells Fargo Company Mn has 11,851 shares for 0% of their US portfolio. Jupiter Asset Mngmt Ltd has 0.24% invested in the company for 178,707 shares. Commonwealth Equity Services owns 8,214 shares or 0% of their US portfolio. First Wilshire Securities Mgmt has 137,982 shares for 1.57% of their US portfolio. Dimensional Fund Lp, a Texas-based fund reported 2.02M shares. Qs Invsts Limited Co, a New York-based fund reported 1,317 shares. Asset Management accumulated 0.01% or 10,238 shares.

More notable recent Andersons Inc (NASDAQ:ANDE) news were published by: Benzinga.com which released: “Earnings Scheduled For November 2, 2016” on November 02, 2016, also Fool.com with their article: “Why The Andersons, Inc. Shares Spiked Today” published on May 18, 2016, Prnewswire.com published: “The Andersons, Inc. Reports Fourth-Quarter and Full Year Results” on February 10, 2016. More interesting news about Andersons Inc (NASDAQ:ANDE) were released by: Globenewswire.com and their article: “HC2 Submits Second Letter to The Andersons, Inc. Regarding Potential Acquisition” published on June 02, 2016 as well as Seekingalpha.com‘s news article titled: “The Andersons’ Second Half Looking Ever Brighter” with publication date: October 26, 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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