Archer-Daniels-Midland Company (NYSE:ADM) Given Consensus Recommendation of “Reduce” by Brokerages

Shares of Archer-Daniels-Midland Company (NYSE:ADM) have been given an average recommendation of “Reduce” by the eight ratings firms that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $52.00.

ADM has been the topic of several analyst reports. Barclays lowered their target price on Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating on the stock in a research note on Monday, February 24th. UBS Group upgraded Archer-Daniels-Midland from a “neutral” rating to a “buy” rating and lifted their target price for the company from $55.00 to $60.00 in a research note on Monday, May 19th. Citigroup lowered their target price on Archer-Daniels-Midland from $51.00 to $49.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 15th. Finally, Bank of America downgraded Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $47.00 to $45.00 in a research note on Thursday, May 8th.

Archer-Daniels-Midland Trading Up 4.3%

NYSE:ADM opened at $54.21 on Thursday. The stock’s 50 day moving average price is $48.15 and its 200 day moving average price is $48.62. The company has a market capitalization of $26.05 billion, a PE ratio of 15.02, a P/E/G ratio of 1.54 and a beta of 0.67. The company has a quick ratio of 0.81, a current ratio of 1.39 and a debt-to-equity ratio of 0.34. Archer-Daniels-Midland has a 52-week low of $40.98 and a 52-week high of $66.08.

Archer-Daniels-Midland (NYSE:ADM) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. The firm had revenue of $20.18 billion for the quarter, compared to the consensus estimate of $22.05 billion. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The firm’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.46 EPS. On average, research analysts anticipate that Archer-Daniels-Midland will post 4.31 EPS for the current year.

Archer-Daniels-Midland Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st were issued a $0.51 dividend. The ex-dividend date was Wednesday, May 21st. This represents a $2.04 annualized dividend and a dividend yield of 3.76%. Archer-Daniels-Midland’s dividend payout ratio is currently 72.86%.

Institutional Trading of Archer-Daniels-Midland

Several hedge funds have recently modified their holdings of ADM. Fairway Wealth LLC purchased a new stake in Archer-Daniels-Midland during the fourth quarter worth $25,000. S.A. Mason LLC purchased a new stake in Archer-Daniels-Midland during the first quarter worth $25,000. Headlands Technologies LLC purchased a new stake in Archer-Daniels-Midland during the first quarter worth $25,000. Stonebridge Financial Group LLC purchased a new stake in Archer-Daniels-Midland during the fourth quarter worth $28,000. Finally, CoreFirst Bank & Trust purchased a new stake in Archer-Daniels-Midland during the fourth quarter worth $30,000. 78.28% of the stock is owned by institutional investors and hedge funds.

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.