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

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) had its price target decreased by equities researchers at Citigroup from $51.00 to $49.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a "neutral" rating on the stock. Citigroup's target price indicates a potential upside of 2.39% from the company's current price.

ADM has been the topic of a number of other reports. Barclays reduced their target price on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating on the stock in a research report on Monday, February 24th. Morgan Stanley dropped their price target on Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 11th. Bank of America upgraded Archer-Daniels-Midland from an "underperform" rating to a "neutral" rating and reduced their price objective for the stock from $48.00 to $47.00 in a research report on Tuesday. Stephens decreased their price objective on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Finally, BMO Capital Markets cut their target price 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. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $52.75.

Archer-Daniels-Midland Stock Performance

NYSE:ADM traded up $1.72 during trading hours on Tuesday, reaching $47.85. 3,503,095 shares of the company's stock were exchanged, compared to its average volume of 3,648,314. The company has a quick ratio of 0.81, a current ratio of 1.39 and a debt-to-equity ratio of 0.34. Archer-Daniels-Midland has a 1-year low of $40.98 and a 1-year high of $66.08. The company has a 50-day moving average of $46.60 and a 200 day moving average of $50.59. The firm has a market capitalization of $22.96 billion, a price-to-earnings ratio of 13.26, a P/E/G ratio of 1.54 and a beta of 0.66.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.07. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. 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 firm posted $1.36 earnings per share. Archer-Daniels-Midland's revenue was down 6.4% on a year-over-year basis. Research analysts anticipate that Archer-Daniels-Midland will post 4.31 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ADM. Fairway Wealth LLC acquired a new position in Archer-Daniels-Midland in the fourth quarter valued at about $25,000. Raleigh Capital Management Inc. grew its stake in shares of Archer-Daniels-Midland by 179.4% in the fourth quarter. Raleigh Capital Management Inc. now owns 556 shares of the company's stock valued at $28,000 after buying an additional 357 shares in the last quarter. Stonebridge Financial Group LLC acquired a new stake in Archer-Daniels-Midland in the 4th quarter valued at about $28,000. ST Germain D J Co. Inc. lifted its stake in shares of Archer-Daniels-Midland by 724.6% during the 4th 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 during the last quarter. Finally, Crews Bank & Trust acquired a new position in Archer-Daniels-Midland in the 4th quarter valued at $30,000. 78.28% of the stock is currently 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.