Archer-Daniels-Midland (NYSE:ADM) Upgraded to Buy at UBS Group

UBS Group upgraded shares of Archer-Daniels-Midland (NYSE:ADM) from a neutral rating to a buy rating in a research note published on Monday morning, MarketBeat Ratings reports. The firm currently has $60.00 price objective on the stock, up from their prior price objective of $55.00.

A number of other brokerages have also recently issued reports on ADM. Stephens decreased their target price on Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. Morgan Stanley lowered their price objective on Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 11th. Bank of America lowered Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $47.00 to $45.00 in a research report on Thursday, May 8th. Citigroup decreased their price target on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a “neutral” rating for the company in a research note on Tuesday, April 15th. Finally, Barclays decreased their target price on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating for the company in a research note on Monday, February 24th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $52.00.

Archer-Daniels-Midland Trading Down 0.3%

NYSE ADM opened at $50.00 on Monday. The firm has a market capitalization of $24.02 billion, a price-to-earnings ratio of 13.85, a PEG ratio of 1.54 and a beta of 0.69. The company’s 50 day moving average price is $47.20 and its 200 day moving average price is $49.24. Archer-Daniels-Midland has a one year low of $40.98 and a one year high of $66.08. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.39.

Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.69 by $0.01. The firm had revenue of $20.18 billion for the quarter, compared to analysts’ expectations of $22.05 billion. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. Archer-Daniels-Midland’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.46 earnings per share. On average, sell-side analysts predict that Archer-Daniels-Midland will post 4.31 EPS for the current year.

Archer-Daniels-Midland Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date of this dividend is Wednesday, May 21st. Archer-Daniels-Midland’s dividend payout ratio is currently 72.86%.

Institutional Investors Weigh In On Archer-Daniels-Midland

Hedge funds and other institutional investors have recently modified their holdings of the company. Fairway Wealth LLC acquired a new position in Archer-Daniels-Midland in the fourth quarter valued at about $25,000. S.A. Mason LLC acquired a new position in Archer-Daniels-Midland in the first quarter valued at about $25,000. Headlands Technologies LLC acquired a new position in Archer-Daniels-Midland in the first quarter valued at about $25,000. Raleigh Capital Management Inc. raised its stake in 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 purchasing an additional 357 shares in the last quarter. Finally, Stonebridge Financial Group LLC acquired a new position in Archer-Daniels-Midland in the fourth quarter valued at about $28,000. Institutional investors and hedge funds 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.