Archer-Daniels-Midland (NYSE:ADM) Upgraded by UBS Group to Buy Rating

UBS Group upgraded shares of Archer-Daniels-Midland (NYSE:ADM) from a neutral rating to a buy rating in a report issued on Monday, MarketBeat reports. The brokerage currently has $60.00 target price on the stock, up from their prior target price of $55.00.

Other equities analysts also recently issued reports about the stock. Citigroup decreased their price objective on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a “neutral” rating on the stock in a report on Tuesday, April 15th. BMO Capital Markets decreased their price objective on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating on the stock in a report on Wednesday, February 5th. Morgan Stanley decreased their price objective on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 11th. Stephens decreased their price objective on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Finally, Bank of America downgraded shares of Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $47.00 to $45.00 in a report on Thursday, May 8th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $52.00.

Archer-Daniels-Midland Stock Performance

Shares of NYSE ADM opened at $50.00 on Monday. The company’s fifty day moving average price is $47.20 and its 200 day moving average price is $49.24. Archer-Daniels-Midland has a 1 year low of $40.98 and a 1 year high of $66.08. The company has a market capitalization of $24.02 billion, a PE ratio of 13.85, a price-to-earnings-growth ratio of 1.54 and a beta of 0.69. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.39.

Archer-Daniels-Midland (NYSE:ADM) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The firm had revenue of $20.18 billion for the quarter, compared to the consensus estimate of $22.05 billion. During the same period in the prior year, the firm posted $1.46 earnings per share. The firm’s quarterly revenue was down 7.7% compared to the same quarter last year. On average, research analysts predict that Archer-Daniels-Midland will post 4.31 earnings per share for the current year.

Archer-Daniels-Midland Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 21st will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 4.08%. The ex-dividend date of this dividend is Wednesday, May 21st. Archer-Daniels-Midland’s payout ratio is currently 72.86%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Fairway Wealth LLC acquired a new position in Archer-Daniels-Midland in the 4th quarter valued at $25,000. S.A. Mason LLC acquired a new position in Archer-Daniels-Midland in the 1st quarter valued at $25,000. Headlands Technologies LLC acquired a new position in Archer-Daniels-Midland in the 1st quarter valued at $25,000. Raleigh Capital Management Inc. grew its stake in shares of 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 purchasing an additional 357 shares during the period. Finally, Stonebridge Financial Group LLC acquired a new position in shares of Archer-Daniels-Midland during the 4th quarter worth $28,000. Hedge funds and other institutional investors 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.