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

Archer-Daniels-Midland (NYSE:ADM) had its target price reduced by research analysts at Morgan Stanley from $57.00 to $52.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s price target suggests a potential upside of 0.25% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. JPMorgan Chase & Co. boosted their price objective on Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. UBS Group boosted their price objective on Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Finally, Citigroup lowered their price objective on Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating on the stock in a research note on Monday, July 15th. One investment analyst has rated the stock with a sell rating and fourteen have issued a hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $62.83.

Archer-Daniels-Midland Trading Up 0.9 %

NYSE ADM opened at $51.87 on Tuesday. Archer-Daniels-Midland has a one year low of $48.92 and a one year high of $77.35. The business’s fifty day moving average is $57.70 and its 200-day moving average is $59.92. The stock has a market capitalization of $24.80 billion, a price-to-earnings ratio of 10.43 and a beta of 0.73. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.44 and a quick ratio of 0.88.

Insider Transactions at Archer-Daniels-Midland

In other news, CEO Juan R. Luciano sold 45,471 shares of the business’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $61.00, for a total transaction of $2,773,731.00. Following the completion of the transaction, the chief executive officer now owns 265,210 shares of the company’s stock, valued at approximately $16,177,810. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Juan R. Luciano sold 3,683 shares of the business’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $61.00, for a total transaction of $224,663.00. Following the completion of the transaction, the chief executive officer now owns 265,210 shares of the company’s stock, valued at approximately $16,177,810. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Juan R. Luciano sold 45,471 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $61.00, for a total value of $2,773,731.00. Following the completion of the sale, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at approximately $16,177,810. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 219,348 shares of company stock valued at $13,296,833. 1.20% of the stock is owned by corporate insiders.

Institutional Trading of Archer-Daniels-Midland

Hedge funds and other institutional investors have recently bought and sold shares of the company. Harbor Capital Advisors Inc. purchased a new stake in Archer-Daniels-Midland in the third quarter worth approximately $25,000. Ashton Thomas Securities LLC purchased a new stake in Archer-Daniels-Midland in the third quarter worth approximately $26,000. Riverview Trust Co purchased a new stake in Archer-Daniels-Midland in the second quarter worth approximately $27,000. Altshuler Shaham Ltd purchased a new stake in Archer-Daniels-Midland in the second quarter worth approximately $28,000. Finally, Peterson Financial Group Inc. purchased a new stake in Archer-Daniels-Midland in the third quarter worth approximately $28,000. 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.