BMO Capital Markets Trims Archer-Daniels-Midland Company (ADM) Target Price to $36.00
Archer-Daniels-Midland Company (NYSE:ADM) had its target price cut by BMO Capital Markets from $41.00 to $36.00 in a research note issued to investors on Wednesday. They currently have a market perform rating on the stock.
A number of other brokerages have also issued reports on ADM. Piper Jaffray Companies set a $39.00 price objective on shares of Archer-Daniels-Midland and gave the company a hold rating in a report on Tuesday, October 31st. Citigroup Inc. reissued a buy rating on shares of Archer-Daniels-Midland in a report on Wednesday, July 12th. Monness Crespi & Hardt initiated coverage on shares of Archer-Daniels-Midland in a research note on Tuesday, October 24th. They set a sell rating and a $38.00 target price for the company. Zacks Investment Research lowered shares of Archer-Daniels-Midland from a hold rating to a sell rating in a research note on Wednesday, July 12th. Finally, BidaskClub raised shares of Archer-Daniels-Midland from a sell rating to a hold rating in a research note on Thursday, August 17th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $41.53.
Shares of Archer-Daniels-Midland (NYSE:ADM) traded down $0.38 during mid-day trading on Wednesday, reaching $39.78. 2,735,089 shares of the company traded hands, compared to its average volume of 2,954,133. The firm has a market cap of $22,246.96, a P/E ratio of 16.78 and a beta of 1.11. The company has a quick ratio of 0.91, a current ratio of 1.61 and a debt-to-equity ratio of 0.38. Archer-Daniels-Midland has a 12-month low of $39.65 and a 12-month high of $47.88.
Archer-Daniels-Midland (NYSE:ADM) last issued its earnings results on Tuesday, October 31st. The company reported $0.45 EPS for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.10). Archer-Daniels-Midland had a net margin of 2.01% and a return on equity of 7.86%. The business had revenue of $14.83 billion during the quarter, compared to analyst estimates of $16 billion. During the same quarter last year, the company earned $0.59 earnings per share. Archer-Daniels-Midland’s quarterly revenue was down 6.3% on a year-over-year basis. sell-side analysts predict that Archer-Daniels-Midland will post 2.41 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 7th. Shareholders of record on Thursday, November 16th will be issued a dividend of $0.32 per share. The ex-dividend date is Wednesday, November 15th. This represents a $1.28 dividend on an annualized basis and a yield of 3.22%. Archer-Daniels-Midland’s payout ratio is currently 59.81%.
Hedge funds have recently added to or reduced their stakes in the business. Enterprise Financial Services Corp raised its holdings in 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 purchasing an additional 380 shares in the last quarter. Manchester Capital Management LLC raised its holdings in 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 purchasing an additional 600 shares in the last quarter. Carroll Financial Associates Inc. raised its holdings in 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 purchasing an additional 764 shares in the last quarter. V Wealth Management LLC raised its holdings in 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 purchasing an additional 22 shares in the last quarter. Finally, Exane Derivatives grew 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 last quarter. 72.57% of the stock is currently owned by institutional investors.
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