Archer-Daniels-Midland (NYSE:ADM) Price Target Raised to $69.00 at Morgan Stanley

Archer-Daniels-Midland (NYSE:ADM) had its price objective raised by Morgan Stanley from $67.00 to $69.00 in a research note published on Tuesday, Analyst Price Targets reports. Morgan Stanley currently has an equal weight rating on the stock.

Other research analysts have also issued research reports about the stock. Stephens lowered shares of Archer-Daniels-Midland from an overweight rating to an equal weight rating and raised their price target for the stock from $65.00 to $67.00 in a report on Tuesday, October 12th. Argus raised their price target on shares of Archer-Daniels-Midland from $72.00 to $74.00 in a report on Monday, January 3rd. Barclays lifted their price objective on shares of Archer-Daniels-Midland from $75.00 to $80.00 and gave the company an overweight rating in a research note on Monday, December 13th. Finally, Monness Crespi & Hardt lifted their price objective on shares of Archer-Daniels-Midland from $70.00 to $74.00 and gave the company a buy rating in a research note on Wednesday, October 27th. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Archer-Daniels-Midland currently has an average rating of Hold and a consensus target price of $68.92.

Shares of NYSE ADM opened at $71.55 on Tuesday. The company has a 50 day simple moving average of $66.03 and a 200 day simple moving average of $62.80. The firm has a market cap of $40.03 billion, a PE ratio of 15.45, a price-to-earnings-growth ratio of 1.80 and a beta of 0.89. Archer-Daniels-Midland has a 1 year low of $49.28 and a 1 year high of $71.67. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.58 and a quick ratio of 0.98.

Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings data on Monday, October 25th. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.08. Archer-Daniels-Midland had a net margin of 3.26% and a return on equity of 13.11%. The business had revenue of $20.34 billion during the quarter, compared to analyst estimates of $17.93 billion. During the same quarter last year, the business earned $0.89 EPS. The firm’s quarterly revenue was up 34.5% on a year-over-year basis. As a group, research analysts anticipate that Archer-Daniels-Midland will post 4.91 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 8th. Investors of record on Wednesday, November 17th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 2.07%. The ex-dividend date was Tuesday, November 16th. Archer-Daniels-Midland’s payout ratio is currently 31.97%.

In related news, SVP D Cameron Findlay sold 99,503 shares of Archer-Daniels-Midland stock in a transaction on Monday, November 1st. The shares were sold at an average price of $63.73, for a total value of $6,341,326.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.30% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Archer-Daniels-Midland by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 56,735,084 shares of the company’s stock worth $3,438,146,000 after acquiring an additional 580,164 shares during the last quarter. BlackRock Inc. boosted its holdings in Archer-Daniels-Midland by 2.4% during the 3rd quarter. BlackRock Inc. now owns 39,991,301 shares of the company’s stock worth $2,399,878,000 after acquiring an additional 947,612 shares during the last quarter. Capital World Investors boosted its holdings in Archer-Daniels-Midland by 14.5% during the 3rd quarter. Capital World Investors now owns 39,679,197 shares of the company’s stock worth $2,381,149,000 after acquiring an additional 5,015,058 shares during the last quarter. State Street Corp boosted its holdings in Archer-Daniels-Midland by 1.2% during the 2nd quarter. State Street Corp now owns 31,253,416 shares of the company’s stock worth $1,893,957,000 after acquiring an additional 385,181 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Archer-Daniels-Midland by 7.4% in the 3rd quarter. Geode Capital Management LLC now owns 10,540,635 shares of the company’s stock worth $631,196,000 after buying an additional 723,358 shares during the last quarter. 77.93% of the stock is currently owned by hedge funds and other institutional investors.

About Archer-Daniels-Midland

Archer-Daniels-Midland Co processes oilseeds, corn, wheat, cocoa and other agricultural commodities. The company operates through the following segments: Ag Services and Oilseeds, Carbohydrate Solutions and Nutrition. The Ag Services and Oilseeds segment includes activities related to the origination, merchandising, crushing, and further processing of oilseeds such as soybeans and soft seeds, such as cottonseed, sunflower seed, canola, rapeseed, and flaxseed into vegetable oils and protein meals.

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

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