Lake Street analyst Ben Klieve reiterated a Buy rating on The Andersons (NASDAQ:ANDE) on Wednesday, setting a price target of $42, which is approximately 22.84% above the present share price of $34.19.
Klieve expects The Andersons to post earnings per share (EPS) of $1.31 for the fourth quarter of 2021.
The current consensus among 3 TipRanks analysts is for a Moderate Buy rating of shares in The Andersons, with an average price target of $40.
The analysts price targets range from a high of $45 to a low of $33.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $3.27 billion and a net profit of $64.07 million. The company's market cap is $1.14 billion.
According to TipRanks.com, Lake Street analyst Ben Klieve is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 24.9% and a 55.87% success rate.
The Andersons, Inc. is an agricultural rooted diversified company, which engages in railcar leasing and repair, turf products production, and consumer retailing. It operates through the following business segments: Trade, Ethanol, Plant Nutrient, and Rail. The Trade segment specializes in the movement of physical commodities such as whole grains, grains products, feed ingredients, frac sand, domestic fuel products, and other agricultural commodities. The Ethanol segment purchases and sells ethanol; offers facility operations, risk management, and ethanol and corn oil marketing services. The Plant Nutrient segment manufactures, distributes, and retails agricultural plant nutrients; corncob-based products; and pelleted lime and gympsum products. The Retail segment leases, repairs, and sells various types of railcars, locomotives and barges. The company was founded by Harold Anderson and Margaret Anderson in 1947 and is headquartered in Maumee, OH.