Archer-Daniels-Midland (NYSE:ADM) Downgraded to Hold at Stifel Nicolaus

Stifel Nicolaus lowered shares of Archer-Daniels-Midland (NYSE:ADMFree Report) from a buy rating to a hold rating in a report released on Monday morning, reports. The firm currently has $56.00 target price on the stock, down from their prior target price of $116.00.

ADM has been the subject of several other reports. Stephens reduced their price target on Archer-Daniels-Midland from $80.00 to $75.00 and set an equal weight rating for the company in a research report on Wednesday, October 25th. JPMorgan Chase & Co. lowered their price objective on Archer-Daniels-Midland from $77.00 to $75.00 and set a neutral rating on the stock in a research report on Wednesday, October 25th. UBS Group cut their target price on Archer-Daniels-Midland from $115.00 to $104.00 and set a buy rating on the stock in a research note on Wednesday, December 20th. Roth Mkm lowered Archer-Daniels-Midland from a buy rating to a neutral rating and decreased their price objective for the company from $98.00 to $66.00 in a report on Monday. Finally, Barclays downgraded Archer-Daniels-Midland from an overweight rating to an underweight rating and set a $60.00 price target on the stock. in a research report on Monday. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Archer-Daniels-Midland currently has a consensus rating of Hold and an average target price of $72.82.

Check Out Our Latest Analysis on ADM

Archer-Daniels-Midland Trading Down 2.4 %

NYSE:ADM opened at $51.38 on Monday. The business’s 50-day simple moving average is $70.86 and its 200-day simple moving average is $75.65. Archer-Daniels-Midland has a fifty-two week low of $50.72 and a fifty-two week high of $87.30. The stock has a market capitalization of $27.41 billion, a PE ratio of 7.16 and a beta of 0.78. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.69 and a quick ratio of 1.07.

Archer-Daniels-Midland (NYSE:ADMGet Free Report) last posted its quarterly earnings results on Tuesday, October 24th. The company reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.10. The company had revenue of $21.70 billion during the quarter, compared to analysts’ expectations of $23.69 billion. Archer-Daniels-Midland had a return on equity of 16.63% and a net margin of 4.05%. Archer-Daniels-Midland’s revenue was down 12.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.86 EPS. Sell-side analysts expect that Archer-Daniels-Midland will post 7.08 earnings per share for the current fiscal year.

Archer-Daniels-Midland Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 29th. Investors of record on Thursday, February 8th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.89%. This is a boost from Archer-Daniels-Midland’s previous quarterly dividend of $0.45. Archer-Daniels-Midland’s dividend payout ratio is presently 25.07%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in ADM. PCA Investment Advisory Services Inc. acquired a new stake in Archer-Daniels-Midland in the second quarter valued at $25,000. Orion Capital Management LLC purchased a new stake in Archer-Daniels-Midland during the 3rd quarter worth $28,000. Tompkins Financial Corp bought a new position in Archer-Daniels-Midland in the third quarter worth about $28,000. Legacy Financial Group LLC acquired a new stake in shares of Archer-Daniels-Midland in the third quarter valued at approximately $30,000. Finally, Operose Advisors LLC acquired a new position in shares of Archer-Daniels-Midland during the third quarter valued at approximately $30,000. 77.73% of the stock is currently owned by hedge funds and other institutional investors.

About Archer-Daniels-Midland

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Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally. The company operates in three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.

Further Reading

Analyst Recommendations for Archer-Daniels-Midland (NYSE:ADM)

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