Archer-Daniels-Midland (NYSE:ADM) Coverage Initiated by Analysts at Stephens

Investment analysts at Stephens assumed coverage on shares of Archer-Daniels-Midland (NYSE:ADM) in a research note issued to investors on Wednesday. The firm set an “equal weight” rating and a $55.00 price target on the stock. Stephens’ price target indicates a potential upside of 5.60% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. UBS Group increased their price objective on Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Barclays dropped their price target on shares of Archer-Daniels-Midland from $60.00 to $56.00 and set an “underweight” rating on the stock in a report on Wednesday, December 4th. Citigroup boosted their price objective on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th. BMO Capital Markets dropped their target price on shares of Archer-Daniels-Midland from $55.00 to $51.00 and set a “market perform” rating on the stock in a report on Wednesday, December 4th. Finally, Morgan Stanley decreased their target price on shares of Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 12th. One research analyst has rated the stock with a sell rating and fifteen have given a hold rating to the company. According to data from MarketBeat.com, Archer-Daniels-Midland has a consensus rating of “Hold” and a consensus target price of $60.62.

Archer-Daniels-Midland Stock Performance

ADM stock opened at $52.09 on Wednesday. The stock’s 50 day simple moving average is $55.01 and its 200 day simple moving average is $58.86. The company has a current ratio of 1.40, a quick ratio of 0.84 and a debt-to-equity ratio of 0.34. Archer-Daniels-Midland has a 12-month low of $48.92 and a 12-month high of $77.35. The stock has a market capitalization of $24.92 billion, a PE ratio of 14.88 and a beta of 0.72.

Institutional Investors Weigh In On Archer-Daniels-Midland

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Peapack Gladstone Financial Corp boosted its position in shares of Archer-Daniels-Midland by 3.6% in the third quarter. Peapack Gladstone Financial Corp now owns 16,354 shares of the company’s stock worth $977,000 after purchasing an additional 574 shares during the period. Synovus Financial Corp boosted its holdings in Archer-Daniels-Midland by 3.6% in the 3rd quarter. Synovus Financial Corp now owns 16,858 shares of the company’s stock worth $1,007,000 after buying an additional 582 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Archer-Daniels-Midland in the 3rd quarter worth $425,000. World Investment Advisors LLC bought a new stake in Archer-Daniels-Midland during the third quarter valued at about $1,204,000. Finally, Virtu Financial LLC purchased a new position in shares of Archer-Daniels-Midland in the third quarter valued at about $981,000. Institutional investors own 78.28% of the company’s stock.

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.