National Securities Corp Maintains a Buy Rating on The Andersons (ANDE)

By Ryan Adsit

National Securities Corp analyst Ben Klieve maintained a Buy rating on The Andersons (ANDEResearch Report) on September 17 and set a price target of $24.00. The company’s shares closed last Thursday at $22.63.

Klieve has an average return of 22.2% when recommending The Andersons.

According to, Klieve is ranked #1196 out of 7018 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for The Andersons with a $24.67 average price target, a 12.3% upside from current levels. In a report issued on September 14, BMO Capital also upgraded the stock to Buy with a $24.00 price target.

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The company has a one-year high of $25.93 and a one-year low of $10.00. Currently, The Andersons has an average volume of 213.7K.

Based on the recent corporate insider activity of 94 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ANDE in relation to earlier this year.

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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.