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

Archer-Daniels-Midland (NYSE:ADM) had its target price reduced by analysts at Stephens from $55.00 to $52.00 in a note issued to investors on Tuesday. Stephens’ price target indicates a potential upside of 11.97% from the company’s current price.

Other research analysts have also issued research reports about the company. Barclays decreased their target price on Archer-Daniels-Midland from $56.00 to $50.00 and set an “underweight” rating for the company in a research report on Tuesday, January 21st. Morgan Stanley lowered their target price on shares of 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. BMO Capital Markets decreased their price target on shares of Archer-Daniels-Midland from $55.00 to $51.00 and set a “market perform” rating for the company in a report on Wednesday, December 4th. Bank of America lowered shares of Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $63.00 to $54.00 in a research note on Tuesday, January 14th. Finally, Citigroup upped their target price on Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th. Two analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $56.33.

Archer-Daniels-Midland Stock Down 2.2 %

ADM stock opened at $46.44 on Tuesday. The company has a current ratio of 1.40, a quick ratio of 0.84 and a debt-to-equity ratio of 0.34. The firm has a 50 day simple moving average of $51.24 and a 200-day simple moving average of $55.69. The company has a market capitalization of $22.22 billion, a P/E ratio of 13.27 and a beta of 0.72. Archer-Daniels-Midland has a twelve month low of $45.14 and a twelve month high of $66.08.

Archer-Daniels-Midland (NYSE:ADM) last announced 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. The company had revenue of $21.50 billion during the quarter, compared to analyst estimates of $22.77 billion. Archer-Daniels-Midland had a net margin of 2.07% and a return on equity of 10.96%. The firm’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same period last year, the business earned $1.36 EPS. On average, equities research analysts predict that Archer-Daniels-Midland will post 4.72 earnings per share for the current fiscal year.

Archer-Daniels-Midland declared that its Board of Directors has initiated a share buyback program on Wednesday, December 11th that allows the company to buyback 100,000,000 shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board believes its stock is undervalued.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Hickory Point Bank & Trust bought a new stake in Archer-Daniels-Midland during the fourth quarter worth approximately $1,217,000. Sherman Asset Management Inc. acquired a new stake in shares of Archer-Daniels-Midland in the fourth quarter valued at $47,000. John G Ullman & Associates Inc. grew its holdings in Archer-Daniels-Midland by 15.6% during the fourth quarter. John G Ullman & Associates Inc. now owns 5,200 shares of the company’s stock worth $263,000 after acquiring an additional 700 shares during the period. Metis Global Partners LLC raised its position in Archer-Daniels-Midland by 3.9% in the fourth quarter. Metis Global Partners LLC now owns 51,987 shares of the company’s stock worth $2,626,000 after acquiring an additional 1,972 shares in the last quarter. Finally, SVB Wealth LLC acquired a new stake in Archer-Daniels-Midland in the 4th quarter valued at about $409,000. 78.28% of the stock is owned by institutional investors and hedge funds.

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.