Analysts Set Archer-Daniels-Midland Company (NYSE:ADM) Target Price at $60.62

Archer-Daniels-Midland Company (NYSE:ADM) has earned a consensus rating of “Reduce” from the fifteen brokerages that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating and fourteen have issued a hold rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $60.62.

Several research analysts have recently commented on ADM shares. Morgan Stanley decreased their target price on Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 12th. UBS Group lifted their price objective on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. Stephens assumed coverage on shares of Archer-Daniels-Midland in a report on Wednesday, December 11th. They set an “equal weight” rating and a $55.00 target price on the stock. Barclays decreased 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 report on Wednesday, December 4th. Finally, BMO Capital Markets cut their target price on shares of Archer-Daniels-Midland from $55.00 to $51.00 and set a “market perform” rating on the stock in a report on Wednesday, December 4th.

Archer-Daniels-Midland Stock Up 0.4 %

NYSE:ADM opened at $50.63 on Thursday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.84 and a current ratio of 1.40. The company has a market capitalization of $24.23 billion, a price-to-earnings ratio of 14.47 and a beta of 0.72. Archer-Daniels-Midland has a one year low of $48.92 and a one year high of $74.02. The stock has a 50-day simple moving average of $53.34 and a 200 day simple moving average of $58.06.

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.

Archer-Daniels-Midland Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Thursday, November 21st were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.95%. The ex-dividend date of this dividend was Thursday, November 21st. Archer-Daniels-Midland’s dividend payout ratio is currently 57.14%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ADM. Harbor Capital Advisors Inc. bought a new stake in Archer-Daniels-Midland during the third quarter worth approximately $25,000. Ashton Thomas Securities LLC acquired a new position in Archer-Daniels-Midland during the third quarter worth about $26,000. Altshuler Shaham Ltd acquired a new stake in Archer-Daniels-Midland in the 2nd quarter valued at about $28,000. Peterson Financial Group Inc. bought a new position in shares of Archer-Daniels-Midland during the 3rd quarter valued at about $28,000. Finally, Sachetta LLC increased its holdings in shares of Archer-Daniels-Midland by 39.8% in the second quarter. Sachetta LLC now owns 737 shares of the company’s stock valued at $46,000 after buying an additional 210 shares in the last quarter. 78.28% of the stock is owned by institutional investors and hedge funds.

About Archer-Daniels-Midland

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.