Morgan Stanley Lowers Archer-Daniels-Midland (NYSE:ADM) Price Target to $52.00

Archer-Daniels-Midland (NYSE:ADM) had its target price reduced by research analysts at Morgan Stanley from $57.00 to $52.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s target price indicates a potential upside of 0.25% from the company’s current price.

A number of other brokerages have also issued reports on ADM. UBS Group raised their price objective on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Citigroup lowered their price target on shares of Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating for the company in a report on Monday, July 15th. Finally, JPMorgan Chase & Co. raised their price target on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating and fourteen have given a hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $62.83.

Archer-Daniels-Midland Stock Up 0.9 %

Shares of NYSE ADM opened at $51.87 on Tuesday. The company has a 50 day simple moving average of $57.70 and a 200 day simple moving average of $59.92. The firm has a market cap of $24.80 billion, a PE ratio of 10.43 and a beta of 0.73. Archer-Daniels-Midland has a 1 year low of $48.92 and a 1 year high of $77.35. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.44 and a quick ratio of 0.88.

Insider Transactions at Archer-Daniels-Midland

In related news, CEO Juan R. Luciano sold 3,683 shares of Archer-Daniels-Midland stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $61.00, for a total value of $224,663.00. Following the completion of the sale, the chief executive officer now owns 265,210 shares of the company’s stock, valued at approximately $16,177,810. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Juan R. Luciano sold 3,683 shares of Archer-Daniels-Midland stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $61.00, for a total value of $224,663.00. Following the completion of the sale, the chief executive officer now owns 265,210 shares of the company’s stock, valued at approximately $16,177,810. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Juan R. Luciano sold 45,471 shares of Archer-Daniels-Midland stock in a transaction on Friday, August 30th. The shares were sold at an average price of $61.00, for a total transaction of $2,773,731.00. Following the completion of the sale, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at approximately $16,177,810. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 219,348 shares of company stock valued at $13,296,833 in the last quarter. 1.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Archer-Daniels-Midland

Large investors have recently bought and sold shares of the stock. Empower Advisory Group LLC lifted its stake in Archer-Daniels-Midland by 6.4% during the 3rd quarter. Empower Advisory Group LLC now owns 1,138,455 shares of the company’s stock valued at $68,011,000 after acquiring an additional 68,133 shares in the last quarter. Marathon Asset Management Ltd lifted its stake in Archer-Daniels-Midland by 4.5% during the 3rd quarter. Marathon Asset Management Ltd now owns 303,155 shares of the company’s stock valued at $18,110,000 after acquiring an additional 13,177 shares in the last quarter. Heritage Wealth Management Inc. bought a new position in Archer-Daniels-Midland during the 2nd quarter valued at $974,000. Vest Financial LLC raised its stake in shares of Archer-Daniels-Midland by 8.9% during the 3rd quarter. Vest Financial LLC now owns 782,428 shares of the company’s stock worth $46,742,000 after purchasing an additional 63,716 shares during the period. Finally, nVerses Capital LLC bought a new stake in shares of Archer-Daniels-Midland during the 3rd quarter worth $1,081,000. 78.28% of the stock is currently owned by institutional investors.

About Archer-Daniels-Midland

Archer-Daniels-Midland Company engages in the procurement, transportation, storage, processing, and merchandising of agricultural commodities, ingredients, flavors, and solutions in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally. It operates in three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.