Archer-Daniels-Midland (NYSE:ADM) Price Target Lowered to $47.00 at Morgan Stanley

Archer-Daniels-Midland (NYSE:ADM) had its price target reduced by stock analysts at Morgan Stanley from $52.00 to $47.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s target price suggests a potential upside of 1.66% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. Barclays decreased their price objective 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. Citigroup boosted their price objective on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 4th. Stephens decreased their target price on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Bank of America dropped their price objective on Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating on the stock in a research report on Tuesday. Finally, BMO Capital Markets lowered their price target on Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating on the stock in a report on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, Archer-Daniels-Midland has a consensus rating of “Hold” and an average price target of $55.11.

Archer-Daniels-Midland Stock Performance

Shares of NYSE ADM traded up $0.14 during mid-day trading on Tuesday, hitting $46.23. The company had a trading volume of 820,721 shares, compared to its average volume of 3,533,974. The stock’s 50-day moving average price is $50.56 and its 200-day moving average price is $55.21. The company has a market capitalization of $22.12 billion, a price-to-earnings ratio of 12.81 and a beta of 0.72. Archer-Daniels-Midland has a 1 year low of $45.01 and a 1 year high of $66.08. The company has a current ratio of 5.44, a quick ratio of 0.84 and a debt-to-equity ratio of 0.37.

Archer-Daniels-Midland (NYSE:ADM) last announced its earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.07. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The business had revenue of $21.50 billion during the quarter, compared to analyst estimates of $22.77 billion. During the same period in the previous year, the business posted $1.36 earnings per share. Archer-Daniels-Midland’s revenue for the quarter was down 6.4% on a year-over-year basis. On average, sell-side 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 approved a stock buyback plan on Wednesday, December 11th that allows the company to repurchase 100,000,000 outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Institutional Trading of Archer-Daniels-Midland

Several institutional investors and hedge funds have recently modified their holdings of the stock. CWM LLC increased its holdings in shares of Archer-Daniels-Midland by 12.7% in the 3rd quarter. CWM LLC now owns 28,341 shares of the company’s stock valued at $1,693,000 after acquiring an additional 3,190 shares during the period. Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of Archer-Daniels-Midland by 225.7% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,550 shares of the company’s stock valued at $212,000 after buying an additional 2,460 shares during the last quarter. Exchange Traded Concepts LLC grew its position in shares of Archer-Daniels-Midland by 300.8% in the 3rd quarter. Exchange Traded Concepts LLC now owns 9,598 shares of the company’s stock worth $573,000 after buying an additional 7,203 shares during the last quarter. Wesbanco Bank Inc. raised its stake in shares of Archer-Daniels-Midland by 24.8% during the 3rd quarter. Wesbanco Bank Inc. now owns 5,027 shares of the company’s stock worth $300,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Jamison Private Wealth Management Inc. boosted its stake in Archer-Daniels-Midland by 35.8% in the third quarter. Jamison Private Wealth Management Inc. now owns 3,218 shares of the company’s stock valued at $192,000 after acquiring an additional 848 shares in the last quarter. 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.