The Andersons, Inc. (ANDE) Stock Price & How to Invest

The Andersons, Inc. is a diversified agribusiness founded in Ohio that operates across two main reporting segments. Its Agribusiness segment handles commodity merchandising, terminal grain elevator operations, and the manufacturing and distribution of plant nutrient and specialty agricultural products, while its Renewables segment produces, buys, and sells ethanol and co-products through owned and partly owned plants. The business is asset heavy and volume driven, earning thin margins on very large revenue as it moves grain and inputs through elevators, rail, and logistics networks across North America.

The investment picture is that of a cyclical commodity handler that is increasingly leveraged to renewable fuels. Revenue runs around $10.9 billion on a trailing basis but net income of about $177 million is a small fraction of that (a profit margin near 1.6%), so results hinge on merchandising spreads, harvest size, fertilizer demand, and ethanol economics. In 2026 the Renewables segment has been the standout, helped by record production and biofuels policy benefits including 45Z clean fuel production credits. The second quarter brought revenue of about $3.1 billion and adjusted EPS of $2.15 against a consensus near $1.48, after a first quarter that also beat. The stock is up about 24% in 2026 and about 41% over the past year, though it has given back roughly 15% over the last three months from a 52-week high near $82. Investors weigh a long dividend record and diversification against the inherent volatility of agricultural and energy commodity cycles.

The Andersons operates in highly cyclical agricultural and energy markets, so earnings can swing sharply with crop size, commodity prices, and merchandising spreads. Weather, trade policy, and export demand can materially change grain volumes and margins in a single season. Renewables profitability depends heavily on ethanol economics and on government biofuels credits such as 45Z, which are subject to political and regulatory change; with renewables now carrying so much of the earnings growth, a policy change would hit harder than it once did. Consensus for the third quarter is about $1.11 of EPS and for 2027 implies only about 4% growth, so the record pace of early 2026 is not expected to repeat indefinitely. The business is asset heavy and low margin, so net income is a thin slice of very large revenue and can be volatile quarter to quarter, and trailing free cash flow was negative (about -$109 million). Fertilizer price volatility and input costs add further uncertainty to the nutrient business.

3 analysts publish price targets on ANDE, averaging $86.67 against a $64.93 price as of October 2026, or +33.5%. The published targets run from $80.00 to $90.00, a narrow spread, and the ratings split 3 buy, 0 hold, 0 sell. Over the last six months there have been 2 raises and 0 cuts among the published actions. A price target is what an analyst published on a date, not a prediction, and sell-side ratings skew positive across the whole market.

Read the full ANDE forecast and price target for the target table, the recent rating actions by firm, and how the consensus has shifted.

We give no verdict on The Andersons, Inc.. Both cases are real, which is why the question is contested at all, so here is the strongest version of each.

The case for buying. Renewables and biofuels policy tailwind. The Renewables segment has become the key profit driver, posting record production and strong merchandising in the first half of 2026, and the second quarter was described as a record renewables quarter. The most optimistic published target, $90.00, assumes this works close to its best case.

The case against. The Andersons operates in highly cyclical agricultural and energy markets, so earnings can swing sharply with crop size, commodity prices, and merchandising spreads. The most pessimistic target, $80.00, is roughly what ANDE is worth if this bites instead.

Read the full bull and bear case on ANDE, including what would have to change to break either one. Walnut is not an investment adviser.

No. The Andersons, Inc. (ANDE) has not split its stock in the last 10 years. That is a statement about the window we check rather than about the company’s entire history, so an older split is possible. It also matters less than it once did: fractional shares mean a high price per share no longer keeps smaller investors out, which removed most of the practical reason to split.

A simple financial snapshot. These are approximations and refresh quarterly; for current figures see The Andersons, Inc.'s investor relations page or your broker.

• Revenue (TTM): ~$10.9B (latest quarter ~-1% YoY)
• Net income (TTM): ~$177M (profit margin ~1.6%)
• Q2 2026 adjusted EPS: ~$2.15 vs ~$1.48 expected
• P/E (trailing / forward): ~12.7x / ~10.3x
• Market cap: ~$2.2B
• Dividend yield: ~1.2% ($0.80 annual)
• 2026 EPS consensus: ~$6.15

Two record quarters have reshaped the valuation: trailing EPS is about $5.18, so a stock near $66 trades around 12.7x trailing and about 10x forward earnings, far below the roughly 23x of mid 2026. At about 0.2x sales the market still prices ANDE as a thin-margin merchandiser, and the question for the November 3 report (consensus about $1.11 EPS on $2.9 billion revenue) is how much of the renewables strength persists.

Other names that sit close to ANDE: same theme, named as a direct competitor, or held beside it in the same funds. Each entry says which. Worth a look if you are thinking about diversification within a thesis rather than concentration on one ticker.

There are three common ways to get ANDE exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic portfolio, so ANDE sits alongside other stocks that express the same thesis.

Walnut takes the portfolio route. Describe a thesis where ANDE fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.

New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.

ANDE is a commodity-cyclical agribusiness whose earnings swing with grain volumes, fertilizer margins, and biofuels credits, so the investment case rests on the durability of its trade franchise and the tailwind from renewable fuel policy. Two record quarters in 2026 have pushed trailing earnings sharply higher and the P/E down to about 13x, with third quarter results due on November 3.

Whether ANDE is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is ANDE a buy or a sell?, and where the stock could go from here in the ANDE stock forecast.

For income investors, whether ANDE pays a dividend and how the payout looks is covered in does ANDE pay a dividend? And to weigh ANDE against a peer, read the full side-by-side comparisons: ANDE vs ADM and ANDE vs AREC.