Archer-Daniels-Midland (NYSE:ADM) Price Target Increased to $64.00 by Analysts at Citigroup

Archer-Daniels-Midland (NYSE:ADMGet Free Report) had its target price hoisted by investment analysts at Citigroup from $63.00 to $64.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s price target suggests a potential upside of 2.86% from the company’s current price.

Several other equities research analysts have also recently weighed in on ADM. Stifel Nicolaus cut Archer-Daniels-Midland from a “buy” rating to a “hold” rating and cut their target price for the stock from $116.00 to $56.00 in a research note on Monday, January 22nd. TheStreet lowered Archer-Daniels-Midland from a “b-” rating to a “c+” rating in a research report on Monday, February 12th. Argus lowered Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research report on Tuesday, January 23rd. BMO Capital Markets lowered their target price on Archer-Daniels-Midland from $66.00 to $60.00 and set a “market perform” rating for the company in a research report on Wednesday, March 13th. Finally, Roth Capital downgraded Archer-Daniels-Midland from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. One research analyst has rated the stock with a sell rating and fifteen have given a hold rating to the stock. According to MarketBeat.com, Archer-Daniels-Midland presently has an average rating of “Hold” and a consensus target price of $67.50.

Read Our Latest Analysis on ADM

Archer-Daniels-Midland Price Performance

NYSE ADM traded down $0.48 on Wednesday, hitting $62.22. 1,030,658 shares of the company’s stock were exchanged, compared to its average volume of 6,497,452. The stock has a 50-day moving average of $56.09 and a 200-day moving average of $66.87. The company has a current ratio of 1.60, a quick ratio of 0.95 and a debt-to-equity ratio of 0.34. Archer-Daniels-Midland has a 52 week low of $50.72 and a 52 week high of $87.30. The stock has a market cap of $31.72 billion, a price-to-earnings ratio of 9.71 and a beta of 0.77.

Archer-Daniels-Midland (NYSE:ADMGet Free Report) last released its earnings results on Tuesday, March 12th. The company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.43 by ($0.07). Archer-Daniels-Midland had a return on equity of 15.25% and a net margin of 3.71%. The business had revenue of $22.98 billion for the quarter, compared to the consensus estimate of $23.79 billion. During the same quarter in the previous year, the company earned $1.93 earnings per share. The firm’s revenue for the quarter was down 11.4% on a year-over-year basis. Analysts expect that Archer-Daniels-Midland will post 5.58 earnings per share for the current year.

Archer-Daniels-Midland declared that its board has initiated a share repurchase plan on Tuesday, March 12th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the company to buy up to 6.4% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its shares are undervalued.

Hedge Funds Weigh In On Archer-Daniels-Midland

A number of hedge funds have recently added to or reduced their stakes in ADM. PCA Investment Advisory Services Inc. acquired a new position in Archer-Daniels-Midland during the 2nd quarter valued at about $25,000. Orion Capital Management LLC bought a new stake in shares of Archer-Daniels-Midland in the 3rd quarter worth approximately $28,000. Tompkins Financial Corp bought a new stake in shares of Archer-Daniels-Midland in the 3rd quarter worth approximately $28,000. Legacy Financial Group LLC bought a new stake in shares of Archer-Daniels-Midland in the 3rd quarter worth approximately $30,000. Finally, Operose Advisors LLC bought a new stake in shares of Archer-Daniels-Midland in the 3rd quarter worth approximately $30,000. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer-Daniels-Midland Company Profile

(Get Free Report)

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.

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

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