Archer-Daniels-Midland (NYSE:ADM) Coverage Initiated at Stephens

Analysts at Stephens assumed coverage on shares of Archer-Daniels-Midland (NYSE:ADM) in a research report issued to clients and investors on Wednesday, Marketbeat Ratings reports. The firm set an “equal weight” rating and a $55.00 price target on the stock. Stephens’ price target indicates a potential upside of 3.60% from the company’s current price.

Other equities analysts have also issued reports about the company. Barclays cut their price objective on Archer-Daniels-Midland from $60.00 to $56.00 and set an “underweight” rating on the stock in a research note on Wednesday, December 4th. Citigroup upped their price objective on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. BMO Capital Markets dropped their target price on shares of Archer-Daniels-Midland from $55.00 to $51.00 and set a “market perform” rating on the stock in a report on Wednesday, December 4th. UBS Group increased their price target on Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. Finally, Morgan Stanley dropped their price objective on Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating and fifteen have given a hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $60.62.

Archer-Daniels-Midland Stock Performance

NYSE ADM opened at $53.09 on Wednesday. The company has a market capitalization of $25.41 billion, a price-to-earnings ratio of 15.13 and a beta of 0.72. The company has a quick ratio of 0.84, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. Archer-Daniels-Midland has a twelve month low of $48.92 and a twelve month high of $77.35. The stock has a fifty day simple moving average of $54.75 and a 200 day simple moving average of $58.76.

Archer-Daniels-Midland declared that its Board of Directors has authorized a stock buyback plan on Wednesday, December 11th that allows the company to repurchase 100,000,000 outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ADM. Harbor Capital Advisors Inc. purchased a new stake in Archer-Daniels-Midland in the 3rd quarter valued at about $25,000. Ashton Thomas Securities LLC purchased a new stake in shares of Archer-Daniels-Midland during the third quarter valued at approximately $26,000. Altshuler Shaham Ltd bought a new stake in Archer-Daniels-Midland during the second quarter worth $28,000. Peterson Financial Group Inc. purchased a new position in Archer-Daniels-Midland in the third quarter worth $28,000. Finally, Sachetta LLC grew its stake in Archer-Daniels-Midland by 39.8% in the 2nd quarter. Sachetta LLC now owns 737 shares of the company’s stock valued at $46,000 after purchasing an additional 210 shares during the period. Hedge funds and other institutional investors 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.