Bank of America Has Lowered Expectations for Archer-Daniels-Midland (NYSE:ADM) Stock Price

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) had its target price reduced by equities research analysts at Bank of America from $54.00 to $48.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an "underperform" rating on the stock. Bank of America's price objective would indicate a potential upside of 4.17% from the stock's previous close.

A number of other analysts have also recently commented on ADM. Citigroup lifted their price target on Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a "neutral" rating in a research report on Wednesday, December 4th. Barclays lowered their price target on Archer-Daniels-Midland from $56.00 to $50.00 and set an "underweight" rating for the company in a research report on Tuesday, January 21st. BMO Capital Markets lowered their price target on Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating for the company in a research report on Wednesday, February 5th. Morgan Stanley lowered 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. Finally, Stephens lowered their price target on Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $55.11.

Archer-Daniels-Midland Stock Up 0.8 %

Shares of Archer-Daniels-Midland stock traded up $0.37 during trading on Tuesday, reaching $46.08. The company's stock had a trading volume of 1,823,416 shares, compared to its average volume of 3,611,057. The company has a quick ratio of 0.84, a current ratio of 5.44 and a debt-to-equity ratio of 0.37. The company has a market cap of $22.05 billion, a price-to-earnings ratio of 12.75 and a beta of 0.72. Archer-Daniels-Midland has a 1-year low of $44.92 and a 1-year high of $66.08. The company has a 50-day simple moving average of $50.16 and a two-hundred day simple moving average of $54.95.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last posted 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. The firm had revenue of $21.50 billion during the quarter, compared to analysts' expectations 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 quarterly revenue was down 6.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.36 EPS. As a group, equities analysts forecast that Archer-Daniels-Midland will post 4.53 earnings per share for the current year.

Archer-Daniels-Midland declared that its Board of Directors has authorized a stock buyback plan on Wednesday, December 11th that allows the company to repurchase 100,000,000 shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.

Hedge Funds Weigh In On Archer-Daniels-Midland

Several institutional investors and hedge funds have recently modified their holdings of ADM. Harbor Capital Advisors Inc. purchased a new position in shares of Archer-Daniels-Midland in the 3rd quarter valued at about $25,000. Fairway Wealth LLC purchased a new position in shares of Archer-Daniels-Midland in the 4th quarter valued at about $25,000. Ashton Thomas Securities LLC purchased a new stake in Archer-Daniels-Midland during the 3rd quarter worth approximately $26,000. Peterson Financial Group Inc. purchased a new stake in Archer-Daniels-Midland during the 3rd quarter worth approximately $28,000. Finally, Raleigh Capital Management Inc. increased 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 worth $28,000 after buying 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.