Stephens Issues Pessimistic Forecast for Archer-Daniels-Midland (NYSE:ADM) Stock Price

Archer-Daniels-Midland (NYSE:ADM) had its price objective decreased by equities researchers at Stephens from $55.00 to $52.00 in a note issued to investors on Tuesday. Stephens’ price objective points to a potential upside of 11.97% from the stock’s current price.

Other research analysts have also issued reports about the company. Barclays dropped their price target on Archer-Daniels-Midland from $56.00 to $50.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 21st. 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. BMO Capital Markets lowered their price objective on shares of Archer-Daniels-Midland from $55.00 to $51.00 and set a “market perform” rating on the stock in a research report on Wednesday, December 4th. Citigroup increased their target price on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 4th. Finally, Bank of America cut shares of Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $63.00 to $54.00 in a report on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $56.33.

Archer-Daniels-Midland Stock Down 2.2 %

Shares of Archer-Daniels-Midland stock opened at $46.44 on Tuesday. 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 has a 12-month low of $45.14 and a 12-month high of $66.08. The firm has a market capitalization of $22.22 billion, a PE ratio of 13.27 and a beta of 0.72. The stock’s fifty day moving average is $51.24 and its 200-day moving average is $55.69.

Archer-Daniels-Midland (NYSE:ADM) last announced its earnings results on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, topping the consensus estimate of $1.07 by $0.07. Archer-Daniels-Midland had a net margin of 2.07% and a return on equity of 10.96%. The company had revenue of $21.50 billion during the quarter, compared to analysts’ expectations of $22.77 billion. During the same period last year, the company posted $1.36 earnings per share. The business’s revenue for the quarter was down 6.4% on a year-over-year basis. Equities analysts anticipate that Archer-Daniels-Midland will post 4.72 earnings per share for the current year.

Archer-Daniels-Midland announced that its Board of Directors has authorized a share repurchase 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. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Harbor Capital Advisors Inc. acquired a new position in Archer-Daniels-Midland during the third quarter valued at approximately $25,000. Ashton Thomas Securities LLC bought a new stake in shares of Archer-Daniels-Midland during the 3rd quarter worth $26,000. Peterson Financial Group Inc. bought a new position in Archer-Daniels-Midland in the 3rd quarter worth $28,000. Raleigh Capital Management Inc. lifted its position in Archer-Daniels-Midland by 179.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 556 shares of the company’s stock worth $28,000 after acquiring an additional 357 shares during the last quarter. Finally, Stonebridge Financial Group LLC bought a new stake in Archer-Daniels-Midland during the fourth quarter valued at about $28,000. Institutional investors and hedge funds 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.