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Analysts Set Archer-Daniels-Midland Company (NYSE:ADM) PT at $60.62

Archer-Daniels-Midland logo with Consumer Staples background

Shares of Archer-Daniels-Midland Company (NYSE:ADM - Get Free Report) have received a consensus recommendation of "Reduce" from the fifteen brokerages that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation and thirteen have given a hold recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $59.08.

Several analysts recently commented on ADM shares. Bank of America downgraded shares of Archer-Daniels-Midland from a "neutral" rating to an "underperform" rating and reduced their target price for the stock from $63.00 to $54.00 in a report on Tuesday. Stephens initiated coverage on Archer-Daniels-Midland in a research report on Wednesday, December 11th. They issued an "equal weight" rating and a $55.00 target price on the stock. Barclays dropped their price target on Archer-Daniels-Midland from $60.00 to $56.00 and set an "underweight" rating for the company in a report on Wednesday, December 4th. Citigroup upped their price objective 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, Morgan Stanley reduced their target price on shares of 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.

Get Our Latest Stock Report on Archer-Daniels-Midland

Archer-Daniels-Midland Stock Performance

Archer-Daniels-Midland stock traded down $0.14 during mid-day trading on Monday, hitting $51.00. 2,050,404 shares of the company's stock traded hands, compared to its average volume of 2,842,112. 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 firm has a 50 day simple moving average of $51.78 and a two-hundred day simple moving average of $56.98. Archer-Daniels-Midland has a fifty-two week low of $48.40 and a fifty-two week high of $69.51. The stock has a market cap of $24.40 billion, a price-to-earnings ratio of 14.57 and a beta of 0.72.

Archer-Daniels-Midland Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date of this dividend was Thursday, November 21st. Archer-Daniels-Midland's dividend payout ratio is presently 57.14%.

Archer-Daniels-Midland announced that its board has authorized a share repurchase plan on Wednesday, December 11th that authorizes the company to repurchase 100,000,000 outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company's management believes its stock is undervalued.

Hedge Funds Weigh In On Archer-Daniels-Midland

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Lake Street Advisors Group LLC increased its holdings in shares of Archer-Daniels-Midland by 4.8% during the third quarter. Lake Street Advisors Group LLC now owns 4,015 shares of the company's stock worth $240,000 after buying an additional 183 shares in the last quarter. OLD National Bancorp IN increased its holdings in Archer-Daniels-Midland by 0.9% in the 3rd quarter. OLD National Bancorp IN now owns 20,648 shares of the company's stock worth $1,234,000 after purchasing an additional 189 shares in the last quarter. UMB Bank n.a. raised its position in Archer-Daniels-Midland by 3.4% in the third quarter. UMB Bank n.a. now owns 5,830 shares of the company's stock valued at $348,000 after purchasing an additional 194 shares during the last quarter. NorthCrest Asset Manangement LLC boosted its stake in shares of Archer-Daniels-Midland by 4.1% during the third quarter. NorthCrest Asset Manangement LLC now owns 5,125 shares of the company's stock valued at $306,000 after purchasing an additional 201 shares in the last quarter. Finally, West Financial Advisors LLC increased its stake in shares of Archer-Daniels-Midland by 10.1% in the fourth 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 during the period. Institutional investors own 78.28% of the company's stock.

About Archer-Daniels-Midland

(Get Free Report

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.

Further Reading

Analyst Recommendations for Archer-Daniels-Midland (NYSE:ADM)

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