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

Archer-Daniels-Midland (NYSE:ADM) had its price objective decreased by Barclays from $50.00 to $48.00 in a report published on Monday morning,Benzinga reports. Barclays currently has an underweight rating on the stock.

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

Archer-Daniels-Midland Price Performance

Shares of NYSE ADM opened at $47.01 on Monday. The company has a current ratio of 1.39, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34. The company’s 50-day moving average price is $49.29 and its 200 day moving average price is $54.11. Archer-Daniels-Midland has a 52 week low of $44.92 and a 52 week high of $66.08. The stock has a market cap of $22.55 billion, a price-to-earnings ratio of 13.02, a PEG ratio of 1.54 and a beta of 0.72.

Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.07. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The business had revenue of $21.50 billion during the quarter, compared to analysts’ expectations of $22.77 billion. During the same period last year, the company posted $1.36 EPS. The company’s revenue was down 6.4% on a year-over-year basis. As a group, research analysts forecast that Archer-Daniels-Midland will post 4.31 earnings per share for the current fiscal year.

Archer-Daniels-Midland Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th will be given a $0.51 dividend. This is an increase from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. The ex-dividend date is Tuesday, February 18th. This represents a $2.04 annualized dividend and a dividend yield of 4.34%. Archer-Daniels-Midland’s dividend payout ratio is presently 56.51%.

Archer-Daniels-Midland announced that its Board of Directors has approved a stock repurchase plan on Wednesday, December 11th that authorizes the company to buyback 100,000,000 outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Hedge Funds Weigh In On Archer-Daniels-Midland

Institutional investors and hedge funds have recently bought and sold shares of the stock. Harbor Capital Advisors Inc. acquired a new position in shares of Archer-Daniels-Midland during the third quarter worth $25,000. Ashton Thomas Securities LLC acquired a new stake in shares of Archer-Daniels-Midland during the third quarter valued at about $26,000. Peterson Financial Group Inc. purchased a new stake in shares of Archer-Daniels-Midland during the third quarter worth about $28,000. Fairway Wealth LLC purchased a new position in Archer-Daniels-Midland in the fourth quarter valued at about $25,000. Finally, Raleigh Capital Management Inc. grew its stake in Archer-Daniels-Midland by 179.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 556 shares of the company’s stock valued at $28,000 after purchasing an additional 357 shares in the last quarter. 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.