Archer-Daniels-Midland Company (NYSE:ADM) Receives $53.63 Average Price Target from Brokerages

Shares of Archer-Daniels-Midland Company (NYSE:ADM) have been assigned a consensus rating of “Reduce” from the eight research firms that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating and six have given a hold rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $53.63.

Several brokerages have issued reports on ADM. BMO Capital Markets reduced their price target on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating on the stock in a report on Wednesday, February 5th. Bank of America lowered their price target on Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating for the company in a research report on Tuesday, February 11th. Barclays decreased their price target on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating for the company in a research report on Monday, February 24th. Morgan Stanley dropped their target price on Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 11th. Finally, Stephens cut their price target on Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th.

Archer-Daniels-Midland Trading Up 0.3 %

Shares of Archer-Daniels-Midland stock opened at $48.02 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.39. The company’s fifty day moving average is $47.83 and its two-hundred day moving average is $52.06. Archer-Daniels-Midland has a 1 year low of $44.92 and a 1 year high of $66.08. The company has a market capitalization of $23.04 billion, a P/E ratio of 13.30, a PEG ratio of 1.54 and a beta of 0.67.

Archer-Daniels-Midland (NYSE:ADM) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $22.77 billion. During the same quarter last year, the firm posted $1.36 EPS. The business’s revenue was down 6.4% compared to the same quarter last year. Analysts forecast that Archer-Daniels-Midland will post 4.31 earnings per share for the current year.

Archer-Daniels-Midland declared that its board has initiated a share repurchase plan on Wednesday, December 11th that permits the company to buyback 100,000,000 shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

Archer-Daniels-Midland Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were paid a $0.51 dividend. This is an increase from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. This represents a $2.04 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date was Tuesday, February 18th. Archer-Daniels-Midland’s payout ratio is presently 56.51%.

Institutional Investors Weigh In On Archer-Daniels-Midland

Several large investors have recently made changes to their positions in the company. AustralianSuper Pty Ltd increased its stake in shares of Archer-Daniels-Midland by 26.4% during the fourth quarter. AustralianSuper Pty Ltd now owns 1,730,182 shares of the company’s stock valued at $87,409,000 after acquiring an additional 360,844 shares during the period. Amundi grew its stake in Archer-Daniels-Midland by 56.7% during the 4th quarter. Amundi now owns 2,473,393 shares of the company’s stock valued at $123,340,000 after acquiring an additional 894,562 shares in the last quarter. Hickory Point Bank & Trust purchased a new stake in Archer-Daniels-Midland in the 4th quarter worth approximately $1,217,000. Semanteon Capital Management LP purchased a new position in Archer-Daniels-Midland in the fourth quarter valued at about $614,000. Finally, Aigen Investment Management LP lifted its stake in Archer-Daniels-Midland by 127.7% in the fourth quarter. Aigen Investment Management LP now owns 46,950 shares of the company’s stock valued at $2,372,000 after acquiring an additional 26,329 shares during 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.