Archer-Daniels-Midland Company (ADM) Given a $45.00 Price Target at Stifel Nicolaus
Several other analysts have also recently issued reports on ADM. Monness Crespi & Hardt began coverage on shares of Archer-Daniels-Midland in a research report on Tuesday, October 24th. They set a sell rating and a $38.00 target price on the stock. Zacks Investment Research upgraded shares of Archer-Daniels-Midland from a sell rating to a hold rating in a research report on Friday, August 4th. Citigroup Inc. cut shares of Archer-Daniels-Midland from a buy rating to a neutral rating and upped their target price for the company from $42.25 to $45.00 in a research report on Thursday, September 28th. BidaskClub upgraded shares of Archer-Daniels-Midland from a sell rating to a hold rating in a research report on Thursday, August 17th. Finally, Piper Jaffray Companies set a $42.00 target price on shares of Archer-Daniels-Midland and gave the company a hold rating in a research report on Sunday, October 1st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $41.53.
Shares of Archer-Daniels-Midland (NYSE:ADM) opened at $39.78 on Wednesday. The company has a current ratio of 1.61, a quick ratio of 0.91 and a debt-to-equity ratio of 0.38. The stock has a market cap of $22,246.96, a PE ratio of 16.78 and a beta of 1.11. Archer-Daniels-Midland has a 1 year low of $39.65 and a 1 year high of $47.88.
Archer-Daniels-Midland (NYSE:ADM) last announced its earnings results on Tuesday, October 31st. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.10). The business had revenue of $14.83 billion for the quarter, compared to analysts’ expectations of $16 billion. Archer-Daniels-Midland had a net margin of 2.01% and a return on equity of 7.86%. The firm’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.59 earnings per share. sell-side analysts anticipate that Archer-Daniels-Midland will post 2.41 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 given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis 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%.
Large investors have recently modified their holdings of the company. Enterprise Financial Services Corp increased its position in shares of Archer-Daniels-Midland by 17.7% during the second quarter. Enterprise Financial Services Corp now owns 2,526 shares of the company’s stock worth $105,000 after acquiring an additional 380 shares during the period. Manchester Capital Management LLC increased its position in shares of Archer-Daniels-Midland by 28.3% during the second quarter. Manchester Capital Management LLC now owns 2,718 shares of the company’s stock worth $112,000 after acquiring an additional 600 shares during the period. Carroll Financial Associates Inc. increased its position in shares of Archer-Daniels-Midland by 24.7% during the second quarter. Carroll Financial Associates Inc. now owns 3,854 shares of the company’s stock worth $159,000 after acquiring an additional 764 shares during the period. V Wealth Management LLC increased its position in shares of Archer-Daniels-Midland by 0.5% during the second quarter. V Wealth Management LLC now owns 4,486 shares of the company’s stock worth $184,000 after acquiring an additional 22 shares during the period. Finally, Exane Derivatives increased its position in shares of Archer-Daniels-Midland by 575.0% during the second quarter. Exane Derivatives now owns 4,509 shares of the company’s stock worth $187,000 after acquiring an additional 3,841 shares during the period. 72.57% of the stock is currently owned by institutional investors and hedge funds.
Archer-Daniels-Midland Company Profile
Receive News & Ratings for Archer-Daniels-Midland Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Archer-Daniels-Midland Company and related companies with Analyst Ratings Network's FREE daily email newsletter.