Archer Daniels Midland (NYSE:ADM) Stock Price Expected to Rise, Barclays Analyst Says

Archer Daniels Midland (NYSE:ADM) had its price target hoisted by Barclays from $48.00 to $50.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an underweight rating on the stock.

Several other analysts have also weighed in on the company. UBS Group raised Archer Daniels Midland from a “neutral” rating to a “buy” rating and raised their price objective for the company from $55.00 to $60.00 in a research note on Monday, May 19th. Bank of America lowered Archer Daniels Midland from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $47.00 to $45.00 in a research note on Thursday, May 8th. Finally, Citigroup reduced their price objective on Archer Daniels Midland from $51.00 to $49.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 15th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, Archer Daniels Midland has an average rating of “Hold” and an average price target of $52.25.

Archer Daniels Midland Stock Performance

ADM opened at $54.90 on Wednesday. The firm has a market cap of $26.37 billion, a P/E ratio of 19.61, a price-to-earnings-growth ratio of 3.07 and a beta of 0.69. Archer Daniels Midland has a 52-week low of $40.98 and a 52-week 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 1.38. The business’s fifty day moving average is $50.09 and its 200-day moving average is $48.80.

Archer Daniels Midland (NYSE:ADM) last released its earnings results on Tuesday, May 6th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.01. The company had revenue of $20.18 billion for the quarter, compared to analyst estimates of $22.05 billion. Archer Daniels Midland had a return on equity of 8.71% and a net margin of 1.63%. Archer Daniels Midland’s quarterly revenue was down 7.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.46 EPS. Sell-side analysts expect that Archer Daniels Midland will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 21st were paid a $0.51 dividend. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $2.04 dividend on an annualized basis and a yield of 3.72%. Archer Daniels Midland’s dividend payout ratio (DPR) is presently 72.86%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ADM. Trust Co of the South purchased a new position in shares of Archer Daniels Midland during the 2nd quarter valued at $503,000. Central Pacific Bank Trust Division lifted its position in shares of Archer Daniels Midland by 15.9% during the 2nd quarter. Central Pacific Bank Trust Division now owns 12,400 shares of the company’s stock valued at $654,000 after buying an additional 1,700 shares during the last quarter. AG2R LA Mondiale Gestion D Actifs purchased a new stake in Archer Daniels Midland during the 1st quarter worth about $1,008,000. Swedbank AB lifted its holdings in Archer Daniels Midland by 3.1% during the 1st quarter. Swedbank AB now owns 406,626 shares of the company’s stock worth $19,522,000 after purchasing an additional 12,345 shares in the last quarter. Finally, Voya Investment Management LLC lifted its holdings in Archer Daniels Midland by 1.2% during the 1st quarter. Voya Investment Management LLC now owns 149,169 shares of the company’s stock worth $7,162,000 after purchasing an additional 1,739 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.