Archer-Daniels-Midland Company (ADM) Price Target Lowered to $42.00 at Credit Suisse Group
Archer-Daniels-Midland Company (NYSE:ADM) had its price objective trimmed by Credit Suisse Group from $45.00 to $42.00 in a research report report published on Thursday morning. The firm currently has a neutral rating on the stock.
ADM has been the subject of a number of other reports. Zacks Investment Research raised Archer-Daniels-Midland from a strong sell rating to a hold rating in a research note on Tuesday, July 4th. Vetr raised Archer-Daniels-Midland from a buy rating to a strong-buy rating and set a $46.76 price objective for the company in a research note on Monday, May 22nd. BMO Capital Markets reaffirmed a hold rating and issued a $41.00 price objective on shares of Archer-Daniels-Midland in a research note on Tuesday, June 27th. Piper Jaffray Companies set a $42.00 price objective on Archer-Daniels-Midland and gave the company a hold rating in a research note on Friday, August 25th. Finally, Argus cut Archer-Daniels-Midland from a buy rating to a hold rating in a research note on Thursday, June 1st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $43.39.
Shares of Archer-Daniels-Midland (NYSE:ADM) traded up 2.156% during midday trading on Thursday, hitting $42.211. The company’s stock had a trading volume of 1,371,988 shares. The firm has a 50-day moving average of $41.82 and a 200 day moving average of $43.08. Archer-Daniels-Midland has a 12-month low of $40.22 and a 12-month high of $47.88. The firm has a market cap of $23.75 billion, a price-to-earnings ratio of 17.848 and a beta of 1.11.
Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings data on Tuesday, August 1st. The company reported $0.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.05. Archer-Daniels-Midland had a return on equity of 8.40% and a net margin of 2.22%. The business had revenue of $14.94 billion during the quarter, compared to analysts’ expectations of $15.86 billion. During the same period in the previous year, the firm posted $0.41 earnings per share. The company’s revenue was down 4.4% on a year-over-year basis. On average, equities research analysts predict that Archer-Daniels-Midland will post $2.60 EPS for the current fiscal year.
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The business also recently announced a quarterly dividend, which will be paid on Thursday, September 7th. Investors of record on Thursday, August 17th will be issued a $0.32 dividend. The ex-dividend date is Tuesday, August 15th. This represents a $1.28 dividend on an annualized basis and a yield of 3.10%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 53.78%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Barings LLC raised its position in Archer-Daniels-Midland by 43.2% in the first quarter. Barings LLC now owns 184,204 shares of the company’s stock worth $8,481,000 after buying an additional 55,566 shares during the period. Dupont Capital Management Corp raised its position in Archer-Daniels-Midland by 34.5% in the second quarter. Dupont Capital Management Corp now owns 57,903 shares of the company’s stock worth $2,396,000 after buying an additional 14,849 shares during the period. Prudential Financial Inc. raised its position in Archer-Daniels-Midland by 86.5% in the second quarter. Prudential Financial Inc. now owns 2,082,100 shares of the company’s stock worth $86,157,000 after buying an additional 965,900 shares during the period. Morgan Stanley raised its position in Archer-Daniels-Midland by 4.0% in the first quarter. Morgan Stanley now owns 2,363,520 shares of the company’s stock worth $108,815,000 after buying an additional 90,834 shares during the period. Finally, Vanguard Group Inc. raised its position in Archer-Daniels-Midland by 4.0% in the first quarter. Vanguard Group Inc. now owns 43,397,849 shares of the company’s stock worth $1,998,037,000 after buying an additional 1,672,627 shares during the period. Hedge funds and other institutional investors own 72.85% of the company’s stock.
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