Archer-Daniels-Midland (NYSE:ADM) Cut to "Underperform" at Bank of America

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) was downgraded by stock analysts at Bank of America from a "neutral" rating to an "underperform" rating in a research report issued on Thursday,Briefing.com Automated Import reports. They presently have a $45.00 price objective on the stock. Bank of America's target price indicates a potential downside of 6.11% from the company's previous close.

A number of other research analysts have also weighed in on the stock. Barclays dropped their price objective on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating on the stock in a research note on Monday, February 24th. BMO Capital Markets cut their price target on 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. 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 note on Tuesday, February 11th. Stephens decreased their price target on Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Finally, Citigroup dropped 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 and six have issued a hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $52.50.

Archer-Daniels-Midland Price Performance

Shares of NYSE ADM opened at $47.93 on Thursday. The company has a current ratio of 1.39, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34. The firm's 50-day moving average price is $46.93 and its 200-day moving average price is $49.69. The firm has a market capitalization of $22.99 billion, a P/E ratio of 13.28, a P/E/G ratio of 1.54 and a beta of 0.69. Archer-Daniels-Midland has a 1-year low of $40.98 and a 1-year high of $66.08.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.70 EPS for the quarter, beating analysts' consensus estimates of $0.69 by $0.01. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The firm had revenue of $20.18 billion during the quarter, compared to analysts' expectations of $22.05 billion. During the same quarter last year, the firm posted $1.46 earnings per share. The company's revenue for the quarter was down 7.7% compared to the same quarter last year. Equities research analysts anticipate that Archer-Daniels-Midland will post 4.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Archer-Daniels-Midland

A number of hedge funds and other institutional investors have recently made changes to their positions in ADM. Vanguard Group Inc. raised its position in Archer-Daniels-Midland by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 62,359,269 shares of the company's stock worth $3,150,390,000 after acquiring an additional 706,567 shares during the period. Wellington Management Group LLP raised its stake in shares of Archer-Daniels-Midland by 8.9% in the fourth quarter. Wellington Management Group LLP now owns 21,152,539 shares of the company's stock valued at $1,068,626,000 after buying an additional 1,722,428 shares during the period. Geode Capital Management LLC grew its stake in shares of Archer-Daniels-Midland by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 11,715,040 shares of the company's stock worth $590,305,000 after acquiring an additional 247,647 shares during the period. Northern Trust Corp increased its holdings in Archer-Daniels-Midland by 2.6% in the 4th quarter. Northern Trust Corp now owns 11,035,011 shares of the company's stock worth $557,489,000 after acquiring an additional 275,792 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its holdings in Archer-Daniels-Midland by 28.4% during the fourth quarter. Pacer Advisors Inc. now owns 10,382,639 shares of the company's stock valued at $524,531,000 after purchasing an additional 2,296,193 shares during the last quarter. 78.28% of the stock is owned by hedge funds and other institutional investors.

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.

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