Brokerage firm Buckingham Research Upgrades its rating on Andersons Inc(NASDAQ:ANDE). The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by Buckingham Research was issued on Sep 26, 2016.
Andersons Inc (ANDE) made into the market gainers list on Thursdays trading session with the shares advancing 0.69% or 0.24 points. Due to strong positive momentum, the stock ended at $34.96, which is also near the day’s high of $35.01. The stock began the session at $34.98 and the volume stood at 1,06,169 shares. The 52-week high of the shares is $38.74 and the 52 week low is $23.25. The company has a current market capitalization of $986 M and it has 2,82,00,000 shares in outstanding.
Andersons Inc has also declared a cash dividend of $0.1550 on Aug 26, 2016. The shares will quote ex-dividend on Sep 29, 2016 and the record date has been fixed on Oct 3, 2016. The dividend payable date has been fixed on Oct 24, 2016.
Andersons Inc(ANDE) last announced its earnings results on Aug 3, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.06B. Analysts had an estimated revenue of $1.24B. Earnings per share were $0.51. Analysts had estimated an EPS of $0.58.
Several Insider Transactions has been reported to the SEC. On Jun 21, 2016, William J Wolf (President, Plant Nutrients Grp) sold 1 shares at $66.31 per share price.Also, On Jun 21, 2016, Tamara Sue Sparks (VP,Corp.Relations/BusinessAnal) sold 0 shares at $62.46 per share price.On Jan 27, 2016, Donald L Mennel (director) sold 7,000 shares at $21.69 per share price, according to the Form-4 filing with the securities and exchange commission.
The Andersons Inc. is an agriculture-focused diversified company. The Company conducts business in the grain ethanol plant nutrient and rail sectors. It also produces turf and cob products and has a consumer retailing presence. It operates in six segments: Grain Ethanol Rail Plant Nutrient Turf & Specialty and Retail. Its grain business operates grain elevators and offers various grain marketing and corn origination services. It purchases and sells ethanol and markets distillers dried grains (DDG) and corn oil. It also manufactures distributes and retails agricultural and related plant nutrients and pelleted lime and gypsum products. Its Rail Group leases repairs and sells various types of railcars locomotives and barges. Its Turf & Specialty Group produces granular fertilizer and control products. Its retail stores focus on providing products in home improvement and other mass merchandise categories as well as specialty foods wine and indoor and outdoor garden centers.