Archer-Daniels-Midland (NYSE:ADM) Price Target Cut to $49.00 by Analysts at BMO Capital Markets

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) had its price objective lowered by equities research analysts at BMO Capital Markets from $51.00 to $49.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a "market perform" rating on the stock. BMO Capital Markets' price target points to a potential upside of 7.74% from the stock's current price.

ADM has been the subject of several other reports. Stephens cut their price target on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday. Barclays lowered their target price on shares of Archer-Daniels-Midland from $56.00 to $50.00 and set an "underweight" rating on the stock in a research report on Tuesday, January 21st. Bank of America lowered shares of Archer-Daniels-Midland from a "neutral" rating to an "underperform" rating and lowered their target price for the stock from $63.00 to $54.00 in a research report on Tuesday, January 14th. Citigroup upped their target price on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a "neutral" rating in a research report on Wednesday, December 4th. Finally, Morgan Stanley lowered their target price on shares of Archer-Daniels-Midland from $57.00 to $52.00 and set an "equal weight" rating on the stock in a research report on Tuesday, November 12th. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to data from MarketBeat, Archer-Daniels-Midland presently has an average rating of "Hold" and an average target price of $56.33.

Archer-Daniels-Midland Stock Performance

Shares of NYSE:ADM traded down $0.97 on Wednesday, reaching $45.48. The company's stock had a trading volume of 5,401,278 shares, compared to its average volume of 3,579,914. The stock's 50-day moving average is $51.08 and its two-hundred day moving average is $55.62. Archer-Daniels-Midland has a 52-week low of $45.01 and a 52-week high of $66.08. 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 $21.76 billion, a P/E ratio of 12.99 and a beta of 0.72.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, beating analysts' consensus estimates of $1.07 by $0.07. Archer-Daniels-Midland had a net margin of 2.07% and a return on equity of 10.96%. The business had revenue of $21.50 billion during the quarter, compared to analysts' expectations of $22.77 billion. During the same period in the prior year, the company earned $1.36 earnings per share. The business's revenue was down 6.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Archer-Daniels-Midland will post 4.72 EPS for the current year.

Archer-Daniels-Midland declared that its Board of Directors has initiated a stock repurchase plan 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 plans are typically a sign that the company's board believes its stock is undervalued.

Hedge Funds Weigh In On Archer-Daniels-Midland

A number of large investors have recently bought and sold shares of ADM. Wellington Management Group LLP raised its stake in 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 purchasing an additional 5,702,451 shares during the period. Pacer Advisors Inc. raised its stake in Archer-Daniels-Midland by 28.4% during the fourth quarter. Pacer Advisors Inc. now owns 10,382,639 shares of the company's stock worth $524,531,000 after purchasing an additional 2,296,193 shares during the period. State Street Corp raised its stake in Archer-Daniels-Midland by 3.3% during the third quarter. State Street Corp now owns 32,045,672 shares of the company's stock worth $1,914,408,000 after purchasing an additional 1,018,256 shares during the period. FMR LLC raised its stake in Archer-Daniels-Midland by 33.9% during the third quarter. FMR LLC now owns 3,979,867 shares of the company's stock worth $237,757,000 after purchasing an additional 1,007,494 shares during the period. Finally, Barclays PLC raised its stake in Archer-Daniels-Midland by 52.0% during the third quarter. Barclays PLC now owns 1,502,158 shares of the company's stock worth $89,738,000 after purchasing an additional 514,005 shares during the period. 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.