Archer-Daniels-Midland (NYSE:ADM) Given New $49.00 Price Target at Citigroup

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) had its price target reduced by research analysts at Citigroup from $51.00 to $49.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a "neutral" rating on the stock. Citigroup's target price suggests a potential upside of 2.39% from the company's previous close.

Other equities research analysts also recently issued reports about the stock. Barclays lowered their target price 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. Stephens reduced their target price on Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. BMO Capital Markets cut their price objective on Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating for the company in a report on Wednesday, February 5th. Bank of America upgraded Archer-Daniels-Midland from an "underperform" rating to a "neutral" rating and dropped their target price for the stock from $48.00 to $47.00 in a research report on Tuesday, April 15th. Finally, Morgan Stanley lowered their price objective on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating for the company in a report on Tuesday, February 11th. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $52.75.

Archer-Daniels-Midland Price Performance

Shares of ADM stock traded up $1.72 during trading hours on Tuesday, reaching $47.85. The stock had a trading volume of 3,503,095 shares, compared to its average volume of 3,630,877. The stock's fifty day simple moving average is $46.60 and its 200 day simple moving average is $50.53. 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 has a market capitalization of $22.96 billion, a PE ratio of 13.26, a PEG ratio of 1.54 and a beta of 0.66. Archer-Daniels-Midland has a 12 month low of $40.98 and a 12 month high of $66.08.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.07 by $0.07. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The company had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $22.77 billion. During the same quarter last year, the business posted $1.36 earnings per share. The firm's revenue was down 6.4% compared to the same quarter last year. On average, equities research analysts predict that Archer-Daniels-Midland will post 4.31 EPS for the current year.

Hedge Funds Weigh In On Archer-Daniels-Midland

Hedge funds have recently made changes to their positions in the business. Norges Bank bought a new stake in Archer-Daniels-Midland in the fourth quarter valued at $333,521,000. Pacer Advisors Inc. boosted its stake in shares of Archer-Daniels-Midland by 28.4% during the 4th 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 in the last quarter. Wellington Management Group LLP raised its stake in 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 worth $1,068,626,000 after buying an additional 1,722,428 shares in the last quarter. Invesco Ltd. lifted its holdings in Archer-Daniels-Midland by 24.8% in the fourth quarter. Invesco Ltd. now owns 7,145,818 shares of the company's stock worth $361,007,000 after buying an additional 1,420,625 shares during the period. Finally, Amundi grew its holdings in shares of Archer-Daniels-Midland by 56.7% during the 4th quarter. Amundi now owns 2,473,393 shares of the company's stock worth $123,340,000 after acquiring an additional 894,562 shares during the period. 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.