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

Archer-Daniels-Midland (NYSE:ADM) had its price objective cut by investment analysts at Barclays from $50.00 to $48.00 in a report released on Monday,Benzinga reports. The brokerage currently has an “underweight” rating on the stock. Barclays‘s price target would indicate a potential downside of 0.62% from the company’s previous close.

ADM has been the topic of several other reports. BMO Capital Markets reduced their target price on 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. Morgan Stanley dropped their price objective on shares of 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. Citigroup increased their price target on Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. Bank of America cut their price target on shares of Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating on the stock in a report on Tuesday, February 11th. Finally, Stephens lowered their price target on Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $54.89.

Archer-Daniels-Midland Trading Up 3.8 %

Shares of NYSE:ADM opened at $48.30 on Monday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.84 and a current ratio of 5.44. The stock has a market capitalization of $23.11 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 1.48 and a beta of 0.72. The stock’s 50-day simple moving average is $49.47 and its two-hundred day simple moving average is $54.30. Archer-Daniels-Midland has a 52-week low of $44.92 and a 52-week high of $66.08.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, topping the consensus estimate of $1.07 by $0.07. The firm had revenue of $21.50 billion for 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%. The business’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.36 earnings per share. Analysts expect that Archer-Daniels-Midland will post 4.31 EPS for the current year.

Archer-Daniels-Midland declared that its board has initiated a stock buyback program on Wednesday, December 11th that permits the company to buyback 100,000,000 outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its shares are undervalued.

Institutional Investors Weigh In On Archer-Daniels-Midland

Several hedge funds and other institutional investors have recently bought and sold shares of ADM. Norges Bank acquired a new position in shares of Archer-Daniels-Midland in the fourth quarter valued at approximately $333,521,000. Wellington Management Group LLP increased its stake 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 worth $1,160,755,000 after acquiring an additional 5,702,451 shares during the period. Pacer Advisors Inc. lifted its position in Archer-Daniels-Midland by 28.4% in the fourth quarter. Pacer Advisors Inc. now owns 10,382,639 shares of the company’s stock valued at $524,531,000 after purchasing an additional 2,296,193 shares during the period. Invesco Ltd. boosted its stake in shares of Archer-Daniels-Midland by 24.8% in the fourth quarter. Invesco Ltd. now owns 7,145,818 shares of the company’s stock valued at $361,007,000 after buying an additional 1,420,625 shares in the last quarter. Finally, State Street Corp raised its position in Archer-Daniels-Midland by 3.3% in the third quarter. State Street Corp now owns 32,045,672 shares of the company’s stock worth $1,914,408,000 after acquiring an additional 1,018,256 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.