Archer-Daniels-Midland Company (NYSE:ADM) Receives Consensus Rating of “Hold” from Brokerages

Archer-Daniels-Midland Company (NYSE:ADMGet Rating) has received an average rating of “Hold” from the fourteen research firms that are presently covering the company, MarketBeat reports. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $85.25.

A number of analysts have weighed in on ADM shares. Bank of America lowered shares of Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and raised their target price for the company from $80.00 to $100.00 in a research report on Tuesday, April 19th. Stifel Nicolaus raised their target price on shares of Archer-Daniels-Midland from $80.00 to $100.00 in a research report on Wednesday, April 6th. Zacks Investment Research lowered shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating and set a $98.00 target price on the stock. in a research report on Tuesday, March 29th. StockNews.com lowered shares of Archer-Daniels-Midland from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 26th. Finally, The Goldman Sachs Group raised their target price on shares of Archer-Daniels-Midland from $79.00 to $91.00 and gave the company a “buy” rating in a research report on Wednesday, March 16th.

NYSE ADM opened at $85.39 on Friday. The company has a current ratio of 1.42, a quick ratio of 0.81 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $48.05 billion, a price-to-earnings ratio of 15.73, a P/E/G ratio of 2.22 and a beta of 0.75. The firm’s 50 day simple moving average is $89.64 and its 200 day simple moving average is $76.54. Archer-Daniels-Midland has a 1 year low of $56.91 and a 1 year high of $98.88.

Archer-Daniels-Midland (NYSE:ADMGet Rating) last posted its quarterly earnings results on Tuesday, April 26th. The company reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.55. Archer-Daniels-Midland had a net margin of 3.42% and a return on equity of 14.40%. The business had revenue of $23.65 billion for the quarter, compared to analyst estimates of $20.61 billion. During the same quarter last year, the business posted $1.39 EPS. The firm’s revenue for the quarter was up 25.2% on a year-over-year basis. On average, equities research analysts forecast that Archer-Daniels-Midland will post 5.99 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 8th. Stockholders of record on Wednesday, May 18th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.87%. The ex-dividend date is Tuesday, May 17th. Archer-Daniels-Midland’s payout ratio is currently 29.47%.

In related news, SVP Gregory A. Morris sold 20,000 shares of Archer-Daniels-Midland stock in a transaction on Friday, March 18th. The shares were sold at an average price of $83.37, for a total transaction of $1,667,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Vincent F. Macciocchi sold 93,110 shares of Archer-Daniels-Midland stock in a transaction on Tuesday, February 15th. The stock was sold at an average price of $76.70, for a total transaction of $7,141,537.00. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the business. CIBC Asset Management Inc grew its holdings in Archer-Daniels-Midland by 2.9% in the fourth quarter. CIBC Asset Management Inc now owns 99,268 shares of the company’s stock worth $6,710,000 after purchasing an additional 2,768 shares during the period. Community Trust & Investment Co. grew its holdings in Archer-Daniels-Midland by 5.0% in the fourth quarter. Community Trust & Investment Co. now owns 44,401 shares of the company’s stock worth $3,001,000 after purchasing an additional 2,130 shares during the period. Strategic Capital Advisers Inc. acquired a new position in shares of Archer-Daniels-Midland during the fourth quarter valued at about $2,357,000. Alps Advisors Inc. grew its holdings in shares of Archer-Daniels-Midland by 73.0% during the fourth quarter. Alps Advisors Inc. now owns 10,414 shares of the company’s stock valued at $704,000 after buying an additional 4,394 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its holdings in shares of Archer-Daniels-Midland by 267.0% during the third quarter. Rockefeller Capital Management L.P. now owns 32,824 shares of the company’s stock valued at $1,969,000 after buying an additional 23,881 shares during the last quarter. Institutional investors and hedge funds own 75.38% of the company’s stock.

Archer-Daniels-Midland Company Profile (Get Rating)

Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States, Switzerland, Cayman Islands, Brazil, Mexico, the United Kingdom, and internationally. The company operates through three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.

Further Reading

Analyst Recommendations for Archer-Daniels-Midland (NYSE:ADM)

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