Piper Jaffray Companies Analysts Give Archer-Daniels-Midland Company (ADM) a $39.00 Price Target
Several other analysts also recently weighed in on ADM. Stifel Nicolaus set a $45.00 price target on shares of Archer-Daniels-Midland and gave the stock a hold rating in a research note on Wednesday. Monness Crespi & Hardt assumed coverage on shares of Archer-Daniels-Midland in a research note on Tuesday, October 24th. They issued a sell rating and a $38.00 price target for the company. Zacks Investment Research raised shares of Archer-Daniels-Midland from a sell rating to a hold rating in a research note on Friday, August 4th. Citigroup Inc. downgraded shares of Archer-Daniels-Midland from a buy rating to a neutral rating and boosted their price target for the stock from $42.25 to $45.00 in a research note on Thursday, September 28th. 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 investment analysts have rated the stock with a sell rating, eight have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of Hold and an average target price of $41.53.
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). Archer-Daniels-Midland had a return on equity of 7.86% and a net margin of 2.01%. The company had revenue of $14.83 billion for the quarter, compared to the consensus estimate of $16 billion. During the same period in the prior year, the firm posted $0.59 earnings per share. The business’s revenue was down 6.3% on a year-over-year basis.
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The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Thursday, November 16th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 3.19%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 59.81%.
Several large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Archer-Daniels-Midland by 2.3% during the second quarter. Vanguard Group Inc. now owns 44,408,946 shares of the company’s stock valued at $1,837,642,000 after acquiring an additional 1,011,097 shares during the last quarter. BlackRock Inc. raised its stake in shares of Archer-Daniels-Midland by 6.0% during the second quarter. BlackRock Inc. now owns 41,607,665 shares of the company’s stock valued at $1,721,723,000 after acquiring an additional 2,359,196 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Archer-Daniels-Midland by 14.2% during the third quarter. Victory Capital Management Inc. now owns 7,364,262 shares of the company’s stock valued at $313,054,000 after acquiring an additional 916,285 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Archer-Daniels-Midland by 0.5% during the second quarter. Dimensional Fund Advisors LP now owns 5,396,427 shares of the company’s stock valued at $223,276,000 after acquiring an additional 24,589 shares during the last quarter. Finally, Aristotle Capital Management LLC raised its stake in shares of Archer-Daniels-Midland by 6.9% during the first quarter. Aristotle Capital Management LLC now owns 4,706,865 shares of the company’s stock valued at $216,704,000 after acquiring an additional 303,423 shares during the last quarter. 72.57% of the stock is owned by hedge funds and other institutional investors.
Archer-Daniels-Midland Company Profile
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