Bank of America Has Lowered Expectations for Archer-Daniels-Midland (NYSE:ADM) Stock Price

Archer-Daniels-Midland (NYSE:ADM) had its price objective dropped by stock analysts at Bank of America from $54.00 to $48.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an “underperform” rating on the stock. Bank of America‘s price target indicates a potential upside of 4.47% from the stock’s previous close.

Several other analysts have also recently issued reports on the stock. Citigroup increased their price target on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 4th. Morgan Stanley lowered their target price on Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 12th. BMO Capital Markets lowered their price objective on Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating for the company in a research report on Wednesday, February 5th. Stephens dropped their price target on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Finally, Barclays lowered their target price on shares of Archer-Daniels-Midland from $56.00 to $50.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 21st. Two equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $55.67.

Archer-Daniels-Midland Price Performance

NYSE:ADM opened at $45.95 on Tuesday. The company has a market capitalization of $21.99 billion, a P/E ratio of 12.75 and a beta of 0.72. The company has a quick ratio of 0.84, a current ratio of 5.44 and a debt-to-equity ratio of 0.37. Archer-Daniels-Midland has a 52 week low of $45.01 and a 52 week high of $66.08. The stock’s fifty day moving average is $50.56 and its two-hundred day moving average is $55.21.

Archer-Daniels-Midland (NYSE:ADM) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.07. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The business had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $22.77 billion. During the same period in the previous year, the firm earned $1.36 EPS. The business’s revenue was down 6.4% on a year-over-year basis. Equities analysts expect that Archer-Daniels-Midland will post 4.53 EPS for the current year.

Archer-Daniels-Midland announced that its Board of Directors has initiated a stock buyback plan on Wednesday, December 11th that authorizes the company to repurchase 100,000,000 outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Institutional Trading of Archer-Daniels-Midland

Large investors have recently made changes to their positions in the stock. Harbor Capital Advisors Inc. acquired a new stake in shares of Archer-Daniels-Midland during the 3rd quarter worth about $25,000. Fairway Wealth LLC acquired a new position in Archer-Daniels-Midland in the 4th quarter valued at $25,000. Ashton Thomas Securities LLC acquired a new stake in shares of Archer-Daniels-Midland during the third quarter worth $26,000. Peterson Financial Group Inc. acquired a new position in Archer-Daniels-Midland in the third quarter valued at $28,000. Finally, Raleigh Capital Management Inc. increased 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 valued at $28,000 after acquiring an additional 357 shares during the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer-Daniels-Midland Company Profile

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.