Barclays Lowers Archer-Daniels-Midland (NYSE:ADM) Price Target to $48.00

Archer-Daniels-Midland (NYSE:ADM) had its target price dropped by stock analysts at Barclays from $50.00 to $48.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has an “underweight” rating on the stock. Barclays‘s price objective would indicate a potential downside of 1.63% from the stock’s previous close.

ADM has been the subject of a number of other research reports. Morgan Stanley dropped their price target on Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 11th. Bank of America dropped their price target on Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating for the company in a research note on Tuesday, February 11th. BMO Capital Markets lowered their target price on Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating for the company in a research note on Wednesday, February 5th. Citigroup boosted their target price on Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 4th. Finally, Stephens lowered their target price on Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Two analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $54.89.

Archer-Daniels-Midland Stock Up 0.8 %

ADM opened at $48.80 on Monday. Archer-Daniels-Midland has a fifty-two week low of $44.92 and a fifty-two week high of $66.08. 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 has a market capitalization of $23.41 billion, a P/E ratio of 13.52, a P/E/G ratio of 1.54 and a beta of 0.72. The stock has a fifty day moving average of $49.35 and a 200-day moving average of $54.16.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.07. The business had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $22.77 billion. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. Archer-Daniels-Midland’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.36 earnings per share. On average, equities analysts expect that Archer-Daniels-Midland will post 4.31 EPS for the current year.

Archer-Daniels-Midland declared that its Board of Directors has initiated 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 repurchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Hedge Funds Weigh In On Archer-Daniels-Midland

Several institutional investors have recently added to or reduced their stakes in the business. Challenger Wealth Management acquired a new position in Archer-Daniels-Midland in the fourth quarter valued at approximately $309,000. Forum Financial Management LP raised its position in shares of Archer-Daniels-Midland by 9.2% during the fourth quarter. Forum Financial Management LP now owns 7,349 shares of the company’s stock worth $371,000 after purchasing an additional 617 shares during the period. Toronto Dominion Bank raised its position in shares of Archer-Daniels-Midland by 0.3% during the fourth quarter. Toronto Dominion Bank now owns 255,893 shares of the company’s stock worth $12,928,000 after purchasing an additional 745 shares during the period. CTC Alternative Strategies Ltd. acquired a new position in shares of Archer-Daniels-Midland during the fourth quarter worth approximately $382,000. Finally, Public Employees Retirement System of Ohio raised its position in shares of Archer-Daniels-Midland by 9.2% during the fourth quarter. Public Employees Retirement System of Ohio now owns 280,080 shares of the company’s stock worth $14,150,000 after purchasing an additional 23,559 shares during the period. 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.