Andersons Expects To Invest In Additional Growth Projects; Says Remain Well Below Its Long-term Debt To EBITDA Target Of Less Than 2.5 Times
Portfolio Pulse from Benzinga Newsdesk
Andersons Inc. (ANDE) plans to invest in additional growth projects while maintaining a debt to EBITDA ratio well below its long-term target of less than 2.5 times.
August 06, 2024 | 8:35 pm
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Andersons Inc. (ANDE) plans to invest in additional growth projects while maintaining a debt to EBITDA ratio well below its long-term target of less than 2.5 times.
The announcement of new growth projects indicates potential for increased revenues and expansion. Maintaining a debt to EBITDA ratio below the target suggests strong financial management, which is likely to positively impact investor sentiment and the stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100