Archer-Daniels-Midland Company (NYSE:ADM) Receives $53.63 Consensus PT from Brokerages

Shares of Archer-Daniels-Midland Company (NYSE:ADM - Get Free Report) have earned a consensus recommendation of "Reduce" from the eight brokerages that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $53.63.

Several equities analysts have weighed in on the company. Bank of America cut their target price on Archer-Daniels-Midland from $54.00 to $48.00 and set an "underperform" rating on the stock in a report on Tuesday, February 11th. Stephens reduced their target price on Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Morgan Stanley lowered their price target on Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 11th. BMO Capital Markets reduced their price objective on shares of 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. Finally, Citigroup raised their target price on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a "neutral" rating in a research note on Wednesday, December 4th.

Archer-Daniels-Midland Stock Down 1.3 %

Shares of ADM traded down $0.62 during mid-day trading on Friday, reaching $47.59. The company's stock had a trading volume of 186,649 shares, compared to its average volume of 4,550,550. Archer-Daniels-Midland has a 1 year low of $44.92 and a 1 year high of $66.08. The company has a quick ratio of 0.81, a current ratio of 1.39 and a debt-to-equity ratio of 0.34. The company has a market cap of $22.83 billion, a price-to-earnings ratio of 13.18, a price-to-earnings-growth ratio of 1.54 and a beta of 0.67. The business has a fifty day moving average of $47.77 and a 200 day moving average of $51.97.

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Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $21.50 billion during the quarter, compared to analysts' expectations of $22.77 billion. During the same period in the previous year, the company earned $1.36 earnings per share. The company's revenue was down 6.4% compared to the same quarter last year. As a group, 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 declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were issued a $0.51 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This is an increase from Archer-Daniels-Midland's previous quarterly dividend of $0.50. This represents a $2.04 dividend on an annualized basis and a yield of 4.29%. Archer-Daniels-Midland's dividend payout ratio is 56.51%.

Archer-Daniels-Midland announced that its Board of Directors has authorized 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 buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company's management believes its shares are undervalued.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ADM. Fairway Wealth LLC bought a new stake in Archer-Daniels-Midland in the fourth quarter valued at about $25,000. Raleigh Capital Management Inc. lifted its holdings 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 during the last quarter. Stonebridge Financial Group LLC acquired a new position in Archer-Daniels-Midland in the fourth quarter valued at about $28,000. ST Germain D J Co. Inc. increased its holdings in shares of Archer-Daniels-Midland by 724.6% during the fourth quarter. ST Germain D J Co. Inc. now owns 569 shares of the company's stock worth $29,000 after buying an additional 500 shares in the last quarter. Finally, CoreFirst Bank & Trust bought a new position in shares of Archer-Daniels-Midland in the fourth quarter valued at approximately $30,000. 78.28% of the stock is currently 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.