Archer-Daniels-Midland (NYSE:ADM) Price Target Lowered to $47.00 at Morgan Stanley

Archer-Daniels-Midland (NYSE:ADM) had its price objective reduced by equities research analysts at Morgan Stanley from $52.00 to $47.00 in a report released on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s price target suggests a potential upside of 1.66% from the company’s previous close.

Several other research firms have also recently weighed in on ADM. BMO Capital Markets cut their price objective on Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating for the company in a research report on Wednesday, February 5th. Citigroup lifted their price objective on Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th. Stephens lowered their price target on Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. Barclays cut their price objective on Archer-Daniels-Midland from $56.00 to $50.00 and set an “underweight” rating for the company in a report on Tuesday, January 21st. Finally, Bank of America lowered their target price on shares of Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating on the stock in a report on Tuesday. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $55.11.

Archer-Daniels-Midland Stock Performance

ADM traded up $0.14 during trading on Tuesday, reaching $46.23. 820,721 shares of the company were exchanged, compared to its average volume of 3,533,974. The firm has a 50 day moving average of $50.56 and a 200 day moving average of $55.21. The stock has a market cap of $22.12 billion, a P/E ratio of 12.81 and a beta of 0.72. The company has a current ratio of 5.44, a quick ratio of 0.84 and a debt-to-equity ratio of 0.37. Archer-Daniels-Midland has a 52 week low of $45.01 and a 52 week high of $66.08.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.07. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The firm had revenue of $21.50 billion for the quarter, compared to analysts’ expectations of $22.77 billion. During the same period in the previous year, the company posted $1.36 EPS. The company’s quarterly revenue was down 6.4% compared to the same quarter last year. On average, sell-side analysts forecast that Archer-Daniels-Midland will post 4.53 EPS for the current fiscal year.

Archer-Daniels-Midland announced that its Board of Directors has approved a stock repurchase program on Wednesday, December 11th that authorizes the company to buyback 100,000,000 shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

Hedge Funds Weigh In On Archer-Daniels-Midland

Institutional investors and hedge funds have recently made changes to their positions in the company. State Street Corp raised its position in shares of Archer-Daniels-Midland by 3.3% in the third quarter. State Street Corp now owns 32,045,672 shares of the company’s stock valued at $1,914,408,000 after buying an additional 1,018,256 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Archer-Daniels-Midland by 41.5% during the third quarter. Wellington Management Group LLP now owns 19,430,111 shares of the company’s stock valued at $1,160,755,000 after acquiring an additional 5,702,451 shares during the last quarter. Pacer Advisors Inc. increased its stake in shares of Archer-Daniels-Midland by 28.4% in the fourth quarter. Pacer Advisors Inc. now owns 10,382,639 shares of the company’s stock valued at $524,531,000 after buying an additional 2,296,193 shares during the period. FMR LLC boosted its stake in shares of Archer-Daniels-Midland by 33.9% in the 3rd quarter. FMR LLC now owns 3,979,867 shares of the company’s stock valued at $237,757,000 after purchasing an additional 1,007,494 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Archer-Daniels-Midland by 7.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,875,945 shares of the company’s stock worth $195,813,000 after acquiring an additional 268,102 shares in the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer-Daniels-Midland Company Profile

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.