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Archer Daniels Midland (NYSE:ADM) PT Lowered to $47.00

Posted on Tuesday, June 30th, 2020 by MarketBeat

Archer Daniels Midland (NYSE:ADM) had its price objective reduced by investment analysts at Stifel Nicolaus from $48.00 to $47.00 in a report released on Tuesday, BenzingaRatingsTable reports. The firm currently has a "buy" rating on the stock. Stifel Nicolaus' target price would suggest a potential upside of 18.60% from the stock's current price.

Other analysts have also recently issued research reports about the company. Zacks Investment Research cut Archer Daniels Midland from a "buy" rating to a "hold" rating and set a $37.00 price objective for the company. in a research report on Monday, April 6th. Monness Crespi & Hardt raised Archer Daniels Midland from a "sell" rating to a "neutral" rating and set a $38.00 price objective for the company in a research report on Monday, March 2nd. Robert W. Baird lifted their price objective on Archer Daniels Midland from $38.00 to $41.00 and gave the company an "outperform" rating in a research report on Tuesday, March 31st. Credit Suisse Group reduced their price objective on Archer Daniels Midland from $42.00 to $40.00 and set a "neutral" rating for the company in a research report on Tuesday, May 5th. Finally, Morgan Stanley reduced their price target on Archer Daniels Midland from $47.00 to $40.00 and set an "equal weight" rating for the company in a research report on Monday, March 30th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. Archer Daniels Midland currently has a consensus rating of "Hold" and a consensus price target of $44.00.

Shares of ADM stock opened at $39.63 on Tuesday. Archer Daniels Midland has a 1-year low of $28.92 and a 1-year high of $47.20. The company has a current ratio of 1.51, a quick ratio of 1.00 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $21.63 billion, a price-to-earnings ratio of 14.52 and a beta of 0.95. The stock's fifty day simple moving average is $38.44 and its 200-day simple moving average is $39.99.

Archer Daniels Midland (NYSE:ADM) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.64 earnings per share for the quarter, beating analysts' consensus estimates of $0.55 by $0.09. The business had revenue of $14.97 billion for the quarter, compared to the consensus estimate of $15.71 billion. Archer Daniels Midland had a return on equity of 10.15% and a net margin of 2.39%. Archer Daniels Midland's revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 earnings per share. On average, sell-side analysts predict that Archer Daniels Midland will post 2.91 EPS for the current year.

In related news, SVP Christopher M. Cuddy sold 1,929 shares of the business's stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $42.76, for a total transaction of $82,484.04. Following the completion of the transaction, the senior vice president now owns 169,264 shares of the company's stock, valued at approximately $7,237,728.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Pierre Dufour acquired 1,070 shares of the business's stock in a transaction that occurred on Tuesday, May 12th. The shares were acquired at an average cost of $35.20 per share, with a total value of $37,664.00. Following the transaction, the director now directly owns 7,700 shares in the company, valued at approximately $271,040. The disclosure for this purchase can be found here. 1.27% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of ADM. Key Financial Inc bought a new position in Archer Daniels Midland during the first quarter valued at about $28,000. FinTrust Capital Advisors LLC increased its stake in Archer Daniels Midland by 62.5% during the first quarter. FinTrust Capital Advisors LLC now owns 853 shares of the company's stock valued at $30,000 after acquiring an additional 328 shares during the period. Farmers & Merchants Investments Inc. increased its stake in Archer Daniels Midland by 53.8% during the first quarter. Farmers & Merchants Investments Inc. now owns 900 shares of the company's stock valued at $32,000 after acquiring an additional 315 shares during the period. Procyon Private Wealth Partners LLC bought a new position in Archer Daniels Midland during the fourth quarter valued at about $33,000. Finally, Tower Research Capital LLC TRC bought a new position in Archer Daniels Midland during the first quarter valued at about $33,000. Hedge funds and other institutional investors own 76.40% of the company's stock.

About Archer Daniels Midland

Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States and internationally. The company operates through four segments: Origination, Oilseeds, Carbohydrate Solutions, and Nutrition. It buys, stores, cleans, and transports agricultural commodities, such as oilseeds, corn, wheat, milo, oats, rice, and barley, as well as resells these commodities primarily as food and feed ingredients and as raw materials for the agricultural processing industry.

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Analyst Recommendations for Archer Daniels Midland (NYSE:ADM)

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