Stephens Initiates Coverage on Archer-Daniels-Midland (NYSE:ADM)

Stock analysts at Stephens initiated coverage on shares of Archer-Daniels-Midland (NYSE:ADM) in a report issued on Wednesday, MarketBeat reports. The brokerage set an “equal weight” rating and a $55.00 price target on the stock. Stephens’ price objective suggests a potential upside of 3.60% from the company’s current price.

Other equities analysts have also issued research reports about the stock. Morgan Stanley cut their target price on shares of Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 12th. BMO Capital Markets dropped their price target on shares of Archer-Daniels-Midland from $55.00 to $51.00 and set a “market perform” rating on the stock in a research note on Wednesday, December 4th. Citigroup lifted their price objective on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. Barclays dropped their target price on Archer-Daniels-Midland from $60.00 to $56.00 and set an “underweight” rating on the stock in a research report on Wednesday, December 4th. Finally, UBS Group boosted their price objective on Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. One research analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the company’s stock. According to MarketBeat.com, Archer-Daniels-Midland currently has an average rating of “Hold” and an average price target of $60.62.

Archer-Daniels-Midland Stock Up 0.3 %

Shares of NYSE ADM opened at $53.09 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 0.84. The stock has a market capitalization of $25.41 billion, a PE ratio of 15.13 and a beta of 0.72. Archer-Daniels-Midland has a one year low of $48.92 and a one year high of $77.35. The business’s fifty day moving average price is $54.75 and its 200-day moving average price is $58.76.

Archer-Daniels-Midland declared that its board has approved a share 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. Shares repurchase programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Hedge Funds Weigh In On Archer-Daniels-Midland

A number of institutional investors have recently made changes to their positions in ADM. Focused Wealth Management Inc raised its holdings in shares of Archer-Daniels-Midland by 3.3% during the 2nd quarter. Focused Wealth Management Inc now owns 5,338 shares of the company’s stock valued at $323,000 after buying an additional 169 shares in the last quarter. Accordant Advisory Group Inc raised its stake in shares of Archer-Daniels-Midland by 0.8% during the second quarter. Accordant Advisory Group Inc now owns 23,462 shares of the company’s stock worth $1,418,000 after acquiring an additional 176 shares in the last quarter. Legacy Capital Group California Inc. lifted its holdings in shares of Archer-Daniels-Midland by 1.2% in the 2nd quarter. Legacy Capital Group California Inc. now owns 15,327 shares of the company’s stock worth $927,000 after acquiring an additional 181 shares during the last quarter. Lake Street Advisors Group LLC boosted its stake in shares of Archer-Daniels-Midland by 4.8% in the 3rd quarter. Lake Street Advisors Group LLC now owns 4,015 shares of the company’s stock valued at $240,000 after purchasing an additional 183 shares in the last quarter. Finally, OLD National Bancorp IN grew its holdings in shares of Archer-Daniels-Midland by 0.9% during the 3rd quarter. OLD National Bancorp IN now owns 20,648 shares of the company’s stock valued at $1,234,000 after purchasing an additional 189 shares during the last quarter. Institutional investors own 78.28% of the company’s stock.

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.