Archer-Daniels-Midland (NYSE:ADM) Research Coverage Started at StockNews.com

Research analysts at StockNews.com assumed coverage on shares of Archer-Daniels-Midland (NYSE:ADM – Get Rating) in a report issued on Thursday. The brokerage set a “hold” rating on the stock.

A number of other equities analysts have also recently weighed in on ADM. Morgan Stanley reduced their price target on shares of Archer-Daniels-Midland from $94.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 13th. Barclays dropped their price target on Archer-Daniels-Midland from $105.00 to $99.00 in a research report on Wednesday, April 26th. JPMorgan Chase & Co. lowered their price objective on shares of Archer-Daniels-Midland from $87.00 to $85.00 and set a “neutral” rating for the company in a research report on Wednesday, April 12th. 92 Resources reissued a “maintains” rating on shares of Archer-Daniels-Midland in a research report on Thursday, April 27th. Finally, BMO Capital Markets started coverage on Archer-Daniels-Midland in a research report on Thursday, April 13th. They set an “outperform” rating and a $100.00 price objective for the company. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Archer-Daniels-Midland presently has a consensus rating of “Moderate Buy” and an average price target of $100.78.

Archer-Daniels-Midland Stock Down 0.1 %

NYSE:ADM opened at $73.05 on Thursday. The stock’s fifty day moving average price is $77.85 and its two-hundred day moving average price is $84.97. The company has a market cap of $39.79 billion, a price-to-earnings ratio of 9.17, a P/E/G ratio of 1.72 and a beta of 0.80. Archer-Daniels-Midland has a 52-week low of $70.02 and a 52-week high of $98.28. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.86 and a current ratio of 1.51.

Archer-Daniels-Midland (NYSE:ADM – Get Rating) last posted its earnings results on Tuesday, April 25th. The company reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.71 by $0.38. The company had revenue of $24.07 billion during the quarter, compared to analyst estimates of $24.09 billion. Archer-Daniels-Midland had a return on equity of 18.39% and a net margin of 4.36%. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.90 EPS. On average, analysts anticipate that Archer-Daniels-Midland will post 6.85 EPS for the current year.

Institutional Investors Weigh In On Archer-Daniels-Midland

Hedge funds have recently bought and sold shares of the company. Allworth Financial LP lifted its stake in Archer-Daniels-Midland by 46.3% in the 4th quarter. Allworth Financial LP now owns 1,696 shares of the company’s stock valued at $158,000 after purchasing an additional 537 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in Archer-Daniels-Midland by 3.2% in the 3rd quarter. Daiwa Securities Group Inc. now owns 40,141 shares of the company’s stock valued at $3,230,000 after acquiring an additional 1,261 shares during the period. Blueshift Asset Management LLC bought a new stake in Archer-Daniels-Midland in the 3rd quarter valued at $237,000. Los Angeles Capital Management LLC grew its stake in Archer-Daniels-Midland by 1,066.1% in the 4th quarter. Los Angeles Capital Management LLC now owns 239,910 shares of the company’s stock valued at $22,276,000 after buying an additional 219,337 shares during the last quarter. Finally, Exchange Traded Concepts LLC lifted its position in Archer-Daniels-Midland by 655.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 393 shares of the company’s stock worth $36,000 after acquiring an additional 341 shares during the last quarter. 78.23% of the stock is currently owned by institutional investors and hedge funds.

Archer-Daniels-Midland Company Profile

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Archer-Daniels-Midland Co engages in the production of oilseeds, corn, wheat, cocoa, and other agricultural commodities. It operates through the following segments: Ag Services and Oilseeds, Carbohydrate Solutions, Nutrition, and Other. The Ag Services and Oilseeds segment includes activities related to the origination, merchandising, transportation, and storage of agricultural raw materials, and the crushing and further processing of oilseeds such as soybeans and soft seeds cottonseed, sunflower seed, canola, rapeseed, and flaxseed into vegetable oils and protein meals.