BMO Capital Markets Has Lowered Expectations for Archer-Daniels-Midland (NYSE:ADM) Stock Price

Archer-Daniels-Midland (NYSE:ADM) had its price target reduced by analysts at BMO Capital Markets from $51.00 to $49.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “market perform” rating on the stock. BMO Capital Markets’ price target would indicate a potential upside of 7.74% from the company’s previous close.

ADM has been the subject of a number of other research reports. Barclays reduced their price objective on Archer-Daniels-Midland from $56.00 to $50.00 and set an “underweight” rating for the company in a research note on Tuesday, January 21st. Stephens dropped their target price on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday. Citigroup increased their price objective on Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. Bank of America cut Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $63.00 to $54.00 in a report on Tuesday, January 14th. Finally, Morgan Stanley reduced their price target on Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 12th. Two analysts have rated the stock with a sell rating and seven have given a hold rating to the company. Based on data from MarketBeat, Archer-Daniels-Midland has a consensus rating of “Hold” and a consensus target price of $56.33.

Archer-Daniels-Midland Trading Down 2.1 %

Shares of NYSE:ADM opened at $45.48 on Wednesday. The business’s 50-day moving average is $51.08 and its 200 day moving average is $55.62. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 0.84. Archer-Daniels-Midland has a 1 year low of $45.01 and a 1 year high of $66.08. The firm has a market capitalization of $21.76 billion, a P/E ratio of 12.99 and a beta of 0.72.

Archer-Daniels-Midland (NYSE:ADM) last released its earnings results on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.07. Archer-Daniels-Midland had a net margin of 2.07% and a return on equity of 10.96%. The company had revenue of $21.50 billion during the quarter, compared to analysts’ expectations of $22.77 billion. During the same period last year, the business earned $1.36 EPS. Archer-Daniels-Midland’s revenue for the quarter was down 6.4% on a year-over-year basis. On average, research analysts predict that Archer-Daniels-Midland will post 4.72 earnings per share for the current fiscal year.

Archer-Daniels-Midland announced that its board has approved a stock repurchase program on Wednesday, December 11th that allows the company to repurchase 100,000,000 outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Harbor Capital Advisors Inc. acquired a new stake in shares of Archer-Daniels-Midland in the third quarter worth approximately $25,000. Ashton Thomas Securities LLC purchased a new position in shares of Archer-Daniels-Midland in the 3rd quarter worth $26,000. Peterson Financial Group Inc. purchased a new stake in Archer-Daniels-Midland during the third quarter valued at about $28,000. Raleigh Capital Management Inc. increased its stake in Archer-Daniels-Midland by 179.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 556 shares of the company’s stock worth $28,000 after acquiring an additional 357 shares during the last quarter. Finally, Stonebridge Financial Group LLC acquired a new position in shares of Archer-Daniels-Midland in the 4th quarter valued at about $28,000. 78.28% of the stock is currently owned by institutional investors and hedge funds.

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.