We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Andersons (ANDE) Hits 52-Week Low: What's Taking It Down?
Read MoreHide Full Article
The Andersons, Inc. (ANDE - Free Report) touched a new 52-week low during trading session on Aug 21. The company’s stock fell to as low as $31.15, eventually closing at $31.25.
Andersons' shares have declined 13.5% for the last year against the industry’s gain of 8.5%.
Notably, Andersons’ Ethanol Group continues to be affected by lower distillers dried grains (DDG) margins due to problems with vomitoxin in the vicinities of the group's three eastern facilities. Lower international demand for DDG also continued to pressure pricing and margins.
Further, the company’s Plant Nutrient Group continues to be impacted by an unfavorable combination of oversupply, low prices and margins. Also, conservative purchasing decisions of a lower customer base are affecting revenues.
Meanwhile, Andersons’ Rail Group continues to be impacted by an oversupplied market, so far this year. Additionally, recovery of its utilization rates may be a little later and somewhat more gradual than earlier in the year. Increases in interest rates could also have a significant impact on its profitability.
Additionally, this Zacks Rank #5 (Strong Sell) company’s stretched valuation is a concern. In case of Andersons, the trailing 12-month price earnings (P/E) ratio is 30.34, while the industry's average trailing 12-month P/E ratio is lower at 25.10. This implies that the stock is overvalued.
Chemours Company has delivered an average positive earnings surprise of 12.07% in the last four quarters.
Golden Kronos Worldwide has pulled off an average positive earnings surprise of 76.05% in the last four quarters.
Kraton Corporation has come up with an average positive earnings surprise of 16.54% in the last four quarters.
Zacks' 10-Minute Stock-Picking Secret
Since 1988, the Zacks system has more than doubled the S&P 500 with an average gain of +25% per year. With compounding, rebalancing, and exclusive of fees, it can turn thousands into millions of dollars.
But here's something even more remarkable: You can master this proven system without going to a single class or seminar. And then you can apply it to your portfolio in as little as 10 minutes a month.
Image: Bigstock
Andersons (ANDE) Hits 52-Week Low: What's Taking It Down?
The Andersons, Inc. (ANDE - Free Report) touched a new 52-week low during trading session on Aug 21. The company’s stock fell to as low as $31.15, eventually closing at $31.25.
Andersons' shares have declined 13.5% for the last year against the industry’s gain of 8.5%.
Notably, Andersons’ Ethanol Group continues to be affected by lower distillers dried grains (DDG) margins due to problems with vomitoxin in the vicinities of the group's three eastern facilities. Lower international demand for DDG also continued to pressure pricing and margins.
Further, the company’s Plant Nutrient Group continues to be impacted by an unfavorable combination of oversupply, low prices and margins. Also, conservative purchasing decisions of a lower customer base are affecting revenues.
The Andersons, Inc. Price
The Andersons, Inc. Price | The Andersons, Inc. Quote
Meanwhile, Andersons’ Rail Group continues to be impacted by an oversupplied market, so far this year. Additionally, recovery of its utilization rates may be a little later and somewhat more gradual than earlier in the year. Increases in interest rates could also have a significant impact on its profitability.
Additionally, this Zacks Rank #5 (Strong Sell) company’s stretched valuation is a concern. In case of Andersons, the trailing 12-month price earnings (P/E) ratio is 30.34, while the industry's average trailing 12-month P/E ratio is lower at 25.10. This implies that the stock is overvalued.
Stocks to Consider
Better-ranked stocks in the sector include The Chemours Company (CC - Free Report) , Kronos Worldwide, Inc. (KRO - Free Report) and Kraton Corporation sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Chemours Company has delivered an average positive earnings surprise of 12.07% in the last four quarters.
Golden Kronos Worldwide has pulled off an average positive earnings surprise of 76.05% in the last four quarters.
Kraton Corporation has come up with an average positive earnings surprise of 16.54% in the last four quarters.
Zacks' 10-Minute Stock-Picking Secret
Since 1988, the Zacks system has more than doubled the S&P 500 with an average gain of +25% per year. With compounding, rebalancing, and exclusive of fees, it can turn thousands into millions of dollars.
But here's something even more remarkable: You can master this proven system without going to a single class or seminar. And then you can apply it to your portfolio in as little as 10 minutes a month.
Learn the secret >>