Archer-Daniels-Midland (NYSE:ADM) Cut to "Underperform" at Bank of America

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) was downgraded by research analysts at Bank of America from a "neutral" rating to an "underperform" rating in a research report issued on Tuesday, MarketBeat reports. They presently have a $54.00 price target on the stock, down from their previous price target of $63.00. Bank of America's price target indicates a potential upside of 5.35% from the stock's previous close.

Several other research analysts have also recently commented on ADM. Morgan Stanley reduced their price target 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. 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. BMO Capital Markets dropped their price target on shares of Archer-Daniels-Midland from $55.00 to $51.00 and set a "market perform" rating on the stock in a research report on Wednesday, December 4th. Barclays decreased their price objective on shares of Archer-Daniels-Midland from $60.00 to $56.00 and set an "underweight" rating for the company in a research report on Wednesday, December 4th. Finally, Stephens began coverage on Archer-Daniels-Midland in a report on Wednesday, December 11th. They set an "equal weight" rating and a $55.00 price target for the company. Two research analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $59.08.

Archer-Daniels-Midland Stock Down 1.7 %

ADM stock traded down $0.86 during midday trading on Tuesday, hitting $51.26. The company's stock had a trading volume of 3,063,745 shares, compared to its average volume of 2,949,705. The company's fifty day moving average price is $51.82 and its 200 day moving average price is $57.02. Archer-Daniels-Midland has a twelve month low of $48.40 and a twelve month high of $69.85. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 0.84. The stock has a market capitalization of $24.53 billion, a P/E ratio of 14.65 and a beta of 0.72.

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 outstanding shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its stock is undervalued.

Institutional Trading of Archer-Daniels-Midland

Several large investors have recently modified their holdings of the stock. West Financial Advisors LLC raised its position in shares of Archer-Daniels-Midland by 10.1% in the 4th quarter. West Financial Advisors LLC now owns 2,201 shares of the company's stock valued at $111,000 after buying an additional 201 shares in the last quarter. Stolper Co raised its position in Archer-Daniels-Midland by 1.5% during the fourth quarter. Stolper Co now owns 33,416 shares of the company's stock valued at $1,688,000 after purchasing an additional 483 shares in the last quarter. Park Avenue Securities LLC lifted its stake in Archer-Daniels-Midland by 9.0% during the fourth quarter. Park Avenue Securities LLC now owns 9,016 shares of the company's stock worth $455,000 after purchasing an additional 744 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Archer-Daniels-Midland by 21.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 445,589 shares of the company's stock valued at $22,511,000 after purchasing an additional 79,230 shares in the last quarter. Finally, Rockland Trust Co. increased its stake in shares of Archer-Daniels-Midland by 27.7% in the 4th quarter. Rockland Trust Co. now owns 14,561 shares of the company's stock valued at $736,000 after purchasing an additional 3,161 shares during the last quarter. 78.28% of the stock is 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.