Barclays Issues Pessimistic Forecast for Archer-Daniels-Midland (NYSE:ADM) Stock Price

Archer-Daniels-Midland (NYSE:ADM) had its price target lowered by analysts at Barclays from $56.00 to $50.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has an “underweight” rating on the stock. Barclays‘s target price would suggest a potential downside of 1.09% from the stock’s previous close.

Several other brokerages also recently issued reports on ADM. Stephens initiated coverage on shares of Archer-Daniels-Midland in a report on Wednesday, December 11th. They set an “equal weight” rating and a $55.00 price target for the company. BMO Capital Markets dropped their target price on Archer-Daniels-Midland from $55.00 to $51.00 and set a “market perform” rating for the company in a research report on Wednesday, December 4th. Morgan Stanley lowered their price objective on Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 12th. Bank of America cut shares of Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $63.00 to $54.00 in a research report on Tuesday, January 14th. Finally, Citigroup lifted their price target on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. Two research analysts have rated the stock with a sell rating and eight 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 $56.89.

Archer-Daniels-Midland Trading Down 1.3 %

Shares of Archer-Daniels-Midland stock opened at $50.55 on Tuesday. The firm’s 50 day moving average is $51.70 and its 200 day moving average is $56.64. The firm has a market capitalization of $24.19 billion, a PE ratio of 14.44 and a beta of 0.72. Archer-Daniels-Midland has a 1 year low of $48.40 and a 1 year high of $66.08. The company has a current ratio of 1.40, a quick ratio of 0.84 and a debt-to-equity ratio of 0.34.

Archer-Daniels-Midland announced that its board has authorized a stock repurchase plan on Wednesday, December 11th that authorizes the company to repurchase 100,000,000 shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Hedge Funds Weigh In On Archer-Daniels-Midland

Institutional investors have recently made changes to their positions in the stock. Harbor Capital Advisors Inc. bought a new position in shares of Archer-Daniels-Midland in the 3rd quarter worth $25,000. Ashton Thomas Securities LLC acquired a new position in shares of Archer-Daniels-Midland during the third quarter valued at about $26,000. Peterson Financial Group Inc. bought a new stake in shares of Archer-Daniels-Midland during the third quarter worth about $28,000. Raleigh Capital Management Inc. raised its holdings in shares of Archer-Daniels-Midland by 179.4% in the 4th 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, ST Germain D J Co. Inc. lifted its position in Archer-Daniels-Midland by 724.6% in the 4th quarter. ST Germain D J Co. Inc. now owns 569 shares of the company’s stock valued at $29,000 after acquiring an additional 500 shares in the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

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.