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

Shares of Archer-Daniels-Midland Company (NYSE:ADM - Get Free Report) have been assigned an average recommendation of "Reduce" from the fifteen analysts that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation and fourteen have issued a hold recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $60.62.

Several equities analysts have recently weighed in on the stock. Stephens started coverage on shares of Archer-Daniels-Midland in a research report on Wednesday, December 11th. They issued an "equal weight" rating and a $55.00 price objective on the stock. Citigroup increased their price target on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a "neutral" rating in a report on Wednesday, December 4th. BMO Capital Markets decreased their target price on Archer-Daniels-Midland from $55.00 to $51.00 and set a "market perform" rating on the stock in a research report on Wednesday, December 4th. 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. Finally, Morgan Stanley lowered their price objective on Archer-Daniels-Midland from $57.00 to $52.00 and set an "equal weight" rating on the stock in a research report on Tuesday, November 12th.

Hedge Funds Weigh In On Archer-Daniels-Midland

Several institutional investors have recently modified their holdings of ADM. Harbor Capital Advisors Inc. purchased a new position in Archer-Daniels-Midland during the 3rd quarter valued at $25,000. Ashton Thomas Securities LLC purchased a new position in Archer-Daniels-Midland in the 3rd quarter worth about $26,000. Altshuler Shaham Ltd purchased a new stake in Archer-Daniels-Midland during the second quarter valued at $28,000. Peterson Financial Group Inc. bought a new stake in shares of Archer-Daniels-Midland during the 3rd quarter valued at $28,000. Finally, ST Germain D J Co. Inc. raised its stake in 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 acquiring an additional 500 shares during the period. 78.28% of the stock is currently owned by institutional investors.

Archer-Daniels-Midland Stock Performance

NYSE ADM traded up $1.01 during trading on Monday, reaching $52.10. 4,101,725 shares of the company's stock were exchanged, compared to its average volume of 2,921,779. 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 business has a 50 day moving average price of $51.90 and a 200-day moving average price of $57.15. The stock has a market capitalization of $24.93 billion, a P/E ratio of 14.89 and a beta of 0.72. Archer-Daniels-Midland has a fifty-two week low of $48.40 and a fifty-two week high of $69.85.

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 given a dividend of $0.50 per share. The ex-dividend date was Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a yield of 3.84%. Archer-Daniels-Midland's dividend payout ratio is presently 57.14%.

Archer-Daniels-Midland announced that its board has authorized a share buyback program on Wednesday, December 11th that permits the company to buyback 100,000,000 outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company's management believes its stock is undervalued.

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.