Barclays Has Lowered Expectations for Archer-Daniels-Midland (NYSE:ADM) Stock Price

Archer-Daniels-Midland (NYSE:ADM) had its price target lowered by investment analysts at Barclays from $56.00 to $50.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an “underweight” rating on the stock. Barclays‘s price objective indicates a potential downside of 2.40% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. Stephens started coverage on shares of Archer-Daniels-Midland in a research report on Wednesday, December 11th. They set an “equal weight” rating and a $55.00 price objective on the stock. Citigroup increased their price target on Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. Bank of America downgraded shares of Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $63.00 to $54.00 in a report on Tuesday, January 14th. BMO Capital Markets decreased their price objective on Archer-Daniels-Midland from $55.00 to $51.00 and set a “market perform” rating for the company in a report on Wednesday, December 4th. Finally, Morgan Stanley dropped their target price on Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating and fourteen have given a hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $58.62.

Archer-Daniels-Midland Stock Performance

NYSE:ADM opened at $51.23 on Tuesday. The firm has a market capitalization of $24.52 billion, a P/E ratio of 14.64 and a beta of 0.72. Archer-Daniels-Midland has a twelve month low of $48.40 and a twelve month high of $68.85. The company has a fifty day moving average of $51.71 and a 200-day moving average of $56.71. The company has a quick ratio of 0.84, a current ratio of 1.40 and a debt-to-equity ratio of 0.34.

Archer-Daniels-Midland declared that its board has authorized a share buyback plan on Wednesday, December 11th that authorizes the company to buyback 100,000,000 shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Institutional Investors Weigh In On Archer-Daniels-Midland

Hedge funds have recently modified their holdings of the stock. Harbor Capital Advisors Inc. purchased a new stake in Archer-Daniels-Midland in the third quarter worth $25,000. Ashton Thomas Securities LLC purchased a new stake in shares of Archer-Daniels-Midland during the 3rd quarter valued at approximately $26,000. Peterson Financial Group Inc. purchased a new position in Archer-Daniels-Midland in the 3rd quarter valued at approximately $28,000. Raleigh Capital Management Inc. raised its holdings in Archer-Daniels-Midland by 179.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 556 shares of the company’s stock valued at $28,000 after acquiring an additional 357 shares during the period. Finally, ST Germain D J Co. Inc. lifted its position in shares of Archer-Daniels-Midland by 724.6% during the fourth 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 in the last quarter. Institutional investors own 78.28% of the company’s stock.

About Archer-Daniels-Midland

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.