BMO Capital Markets Lowers Archer-Daniels-Midland (NYSE:ADM) Price Target to $51.00

Archer-Daniels-Midland (NYSE:ADM) had its price objective dropped by research analysts at BMO Capital Markets from $55.00 to $51.00 in a report released on Wednesday,Benzinga reports. The firm presently has a “market perform” rating on the stock. BMO Capital Markets’ price target suggests a potential downside of 4.14% from the company’s previous close.

Several other brokerages also recently commented on ADM. UBS Group increased their price objective on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Morgan Stanley dropped their price target 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. Finally, Barclays dropped their price target on shares of Archer-Daniels-Midland from $60.00 to $56.00 and set an “underweight” rating for the company in a research note on Wednesday. One investment analyst has rated the stock with a sell rating and fourteen have assigned a hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $61.75.

Archer-Daniels-Midland Stock Performance

NYSE ADM opened at $53.20 on Wednesday. The firm has a market capitalization of $25.46 billion, a price-to-earnings ratio of 15.20 and a beta of 0.72. 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’s 50 day simple moving average is $55.61 and its 200 day simple moving average is $59.13. Archer-Daniels-Midland has a 1 year low of $48.92 and a 1 year high of $77.35.

Institutional Investors Weigh In On Archer-Daniels-Midland

A number of large investors have recently bought and sold shares of ADM. Pacer Advisors Inc. grew its holdings in Archer-Daniels-Midland by 15,790.1% in the second quarter. Pacer Advisors Inc. now owns 7,596,892 shares of the company’s stock worth $459,232,000 after purchasing an additional 7,549,083 shares during the period. Wellington Management Group LLP grew its holdings in shares of Archer-Daniels-Midland by 41.5% during the third quarter. Wellington Management Group LLP now owns 19,430,111 shares of the company’s stock valued at $1,160,755,000 after buying an additional 5,702,451 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Archer-Daniels-Midland by 73.6% during the second quarter. AQR Capital Management LLC now owns 2,830,927 shares of the company’s stock valued at $170,960,000 after buying an additional 1,199,992 shares during the last quarter. State Street Corp lifted its position in shares of Archer-Daniels-Midland by 3.3% during the third quarter. State Street Corp now owns 32,045,672 shares of the company’s stock valued at $1,914,408,000 after purchasing an additional 1,018,256 shares in the last quarter. Finally, FMR LLC lifted its position in shares of Archer-Daniels-Midland by 33.9% during the third quarter. FMR LLC now owns 3,979,867 shares of the company’s stock valued at $237,757,000 after purchasing an additional 1,007,494 shares in the last quarter. 78.28% of the stock is currently 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.