Archer-Daniels-Midland (NYSE:ADM) Given New $49.00 Price Target at Citigroup

Archer-Daniels-Midland (NYSE:ADM) had its price target cut by research analysts at Citigroup from $51.00 to $49.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Citigroup’s price target would suggest a potential upside of 6.45% from the company’s current price.

Other research analysts have also issued reports about the stock. Bank of America raised shares of Archer-Daniels-Midland from an “underperform” rating to a “neutral” rating and set a $47.00 price target on the stock in a research report on Tuesday. BMO Capital Markets cut their price objective on Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 5th. Stephens lowered their target price on Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Barclays reduced their target price on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating for the company in a research report on Monday, February 24th. Finally, Morgan Stanley decreased their price objective on Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating for the company in a report on Tuesday, February 11th. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $52.75.

Archer-Daniels-Midland Price Performance

Shares of ADM opened at $46.03 on Tuesday. The business’s 50 day moving average price is $46.52 and its two-hundred day moving average price is $50.81. The firm has a market cap of $22.08 billion, a PE ratio of 12.76, a price-to-earnings-growth ratio of 1.54 and a beta of 0.66. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.39. 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 posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.07. The business had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $22.77 billion. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. Archer-Daniels-Midland’s revenue was down 6.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.36 EPS. On average, equities analysts anticipate that Archer-Daniels-Midland will post 4.31 EPS for the current year.

Institutional Trading of Archer-Daniels-Midland

Hedge funds have recently made changes to their positions in the stock. Fairway Wealth LLC bought a new position in shares of Archer-Daniels-Midland in the fourth quarter worth approximately $25,000. Raleigh Capital Management Inc. raised its stake in shares of Archer-Daniels-Midland by 179.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 556 shares of the company’s stock valued at $28,000 after acquiring an additional 357 shares during the last quarter. Stonebridge Financial Group LLC bought a new stake in shares of Archer-Daniels-Midland in the fourth quarter worth about $28,000. ST Germain D J Co. Inc. grew its position in shares of Archer-Daniels-Midland by 724.6% in the 4th quarter. ST Germain D J Co. Inc. now owns 569 shares of the company’s stock worth $29,000 after buying an additional 500 shares during the last quarter. Finally, CoreFirst Bank & Trust purchased a new stake in Archer-Daniels-Midland in the fourth quarter worth $30,000. 78.28% of the stock is owned by institutional investors.

About Archer-Daniels-Midland

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.