Archer-Daniels-Midland Company (ADM) Earns Buy Rating from Robert W. Baird
Robert W. Baird restated their buy rating on shares of Archer-Daniels-Midland Company (NYSE:ADM) in a research note released on Wednesday morning. They currently have a $47.00 target price on the stock.
A number of other research firms also recently issued reports on ADM. Zacks Investment Research raised shares of Archer-Daniels-Midland from a sell rating to a hold rating in a report on Tuesday, October 24th. Monness Crespi & Hardt initiated coverage on shares of Archer-Daniels-Midland in a report on Tuesday, October 24th. They set a sell rating and a $38.00 price target on the stock. Citigroup Inc downgraded shares of Archer-Daniels-Midland from a buy rating to a neutral rating and lifted their price target for the company from $42.25 to $45.00 in a report on Thursday, September 28th. Piper Jaffray Companies set a $42.00 price target on shares of Archer-Daniels-Midland and gave the company a hold rating in a report on Sunday, October 1st. Finally, BidaskClub raised shares of Archer-Daniels-Midland from a strong sell rating to a sell rating in a report on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of Hold and an average price target of $41.53.
Archer-Daniels-Midland (NYSE ADM) opened at $39.78 on Wednesday. The firm has a market capitalization of $22.46 billion, a PE ratio of 16.94 and a beta of 1.11. The company has a current ratio of 1.61, a quick ratio of 0.91 and a debt-to-equity ratio of 0.38.
Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings data on Tuesday, October 31st. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.10). The business had revenue of $14.83 billion during the quarter, compared to analysts’ expectations of $16 billion. Archer-Daniels-Midland had a return on equity of 7.86% and a net margin of 2.01%. The business’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.59 EPS. analysts anticipate that Archer-Daniels-Midland will post 2.46 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Thursday, November 16th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend is Wednesday, November 15th. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 59.81%.
A number of institutional investors and hedge funds have recently made changes to their positions in ADM. BlackRock Inc. increased its position in Archer-Daniels-Midland by 6.0% in the second quarter. BlackRock Inc. now owns 41,607,665 shares of the company’s stock worth $1,721,723,000 after purchasing an additional 2,359,196 shares during the last quarter. Canada Pension Plan Investment Board increased its position in Archer-Daniels-Midland by 333.5% in the third quarter. Canada Pension Plan Investment Board now owns 2,270,430 shares of the company’s stock worth $96,516,000 after purchasing an additional 1,746,628 shares during the last quarter. Victory Capital Management Inc. increased its position in Archer-Daniels-Midland by 23.1% in the second quarter. Victory Capital Management Inc. now owns 6,447,977 shares of the company’s stock worth $266,817,000 after purchasing an additional 1,208,413 shares during the last quarter. Vanguard Group Inc. increased its position in Archer-Daniels-Midland by 2.3% in the second quarter. Vanguard Group Inc. now owns 44,408,946 shares of the company’s stock worth $1,837,642,000 after purchasing an additional 1,011,097 shares during the last quarter. Finally, Hexavest Inc. bought a new stake in Archer-Daniels-Midland in the second quarter worth $40,385,000. Institutional investors own 72.57% of the company’s stock.
Archer-Daniels-Midland Company Profile
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