Archer-Daniels-Midland (NYSE:ADM) Price Target Cut to $47.00 by Analysts at Morgan Stanley

Archer-Daniels-Midland (NYSE:ADM) had its target price dropped by equities researchers at Morgan Stanley from $52.00 to $47.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s price target would indicate a potential upside of 3.94% from the company’s current price.

Several other equities analysts also recently commented on ADM. Bank of America lowered their price objective on Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating on the stock in a research report on Tuesday. Citigroup boosted 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. BMO Capital Markets cut their price objective on shares of 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. Barclays lowered their target price on shares of Archer-Daniels-Midland from $56.00 to $50.00 and set an “underweight” rating on the stock in a report on Tuesday, January 21st. Finally, Stephens cut their target price on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Two analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Based on data from MarketBeat.com, Archer-Daniels-Midland has a consensus rating of “Hold” and an average target price of $55.11.

Archer-Daniels-Midland Stock Down 2.6 %

ADM stock opened at $45.22 on Tuesday. The business’s 50-day moving average price is $50.42 and its 200-day moving average price is $55.08. The stock has a market cap of $21.64 billion, a P/E ratio of 12.53 and a beta of 0.72. Archer-Daniels-Midland has a twelve month low of $45.01 and a twelve month high of $66.08. The company has a quick ratio of 0.84, a current ratio of 5.44 and a debt-to-equity ratio of 0.37.

Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.07. The business had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $22.77 billion. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The company’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.36 earnings per share. On average, equities research analysts forecast that Archer-Daniels-Midland will post 4.53 EPS for the current year.

Archer-Daniels-Midland declared that its board has approved a stock buyback program on Wednesday, December 11th that authorizes the company to repurchase 100,000,000 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Institutional Investors Weigh In On Archer-Daniels-Midland

Several large investors have recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in shares of Archer-Daniels-Midland in the 4th quarter worth approximately $333,521,000. Wellington Management Group LLP boosted its stake in Archer-Daniels-Midland by 41.5% during the third quarter. Wellington Management Group LLP now owns 19,430,111 shares of the company’s stock worth $1,160,755,000 after buying an additional 5,702,451 shares during the period. Pacer Advisors Inc. increased its position 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 acquiring an additional 2,296,193 shares during the last quarter. State Street Corp raised its stake in shares of Archer-Daniels-Midland by 3.3% in the third quarter. State Street Corp now owns 32,045,672 shares of the company’s stock valued at $1,914,408,000 after acquiring an additional 1,018,256 shares during the period. Finally, FMR LLC lifted its holdings in shares of Archer-Daniels-Midland by 33.9% in the 3rd quarter. FMR LLC now owns 3,979,867 shares of the company’s stock worth $237,757,000 after acquiring an additional 1,007,494 shares during the last quarter. 78.28% of the stock is owned by 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.