Archer-Daniels-Midland (NYSE:ADM) Rating Lowered to “Underperform” at Bank of America

Archer-Daniels-Midland (NYSE:ADM) was downgraded by research analysts at Bank of America from a “neutral” rating to an “underperform” rating in a research note issued to investors on Thursday, Marketbeat Ratings reports. They presently have a $45.00 target price on the stock, down from their prior target price of $47.00. Bank of America‘s target price points to a potential downside of 7.31% from the company’s current price.

Several other equities analysts have also recently issued reports on ADM. BMO Capital Markets decreased their price target on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating for the company in a research report on Wednesday, February 5th. Citigroup lowered their target price on Archer-Daniels-Midland from $51.00 to $49.00 and set a “neutral” rating for the company in a research report on Tuesday, April 15th. Stephens reduced their price target on Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. Barclays lowered their price objective on 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 reduced their target price on Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 11th. Two analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $52.50.

Archer-Daniels-Midland Stock Up 1.8 %

Shares of NYSE:ADM opened at $48.55 on Thursday. 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. The company has a market capitalization of $23.33 billion, a PE ratio of 13.45, a price-to-earnings-growth ratio of 1.54 and a beta of 0.69. The company has a fifty day moving average of $47.01 and a 200-day moving average of $49.59.

Archer-Daniels-Midland (NYSE:ADM) last posted its earnings results on Tuesday, May 6th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.69 by $0.01. The firm had revenue of $20.18 billion during 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 business’s quarterly revenue was down 7.7% on a year-over-year basis. During the same period last year, the company earned $1.46 earnings per share. On average, equities analysts predict that Archer-Daniels-Midland will post 4.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. West Financial Advisors LLC increased its stake in Archer-Daniels-Midland by 10.1% during the 4th quarter. West Financial Advisors LLC now owns 2,201 shares of the company’s stock valued at $111,000 after purchasing an additional 201 shares in the last quarter. Hantz Financial Services Inc. increased its position in shares of Archer-Daniels-Midland by 10.8% during the fourth quarter. Hantz Financial Services Inc. now owns 2,152 shares of the company’s stock worth $109,000 after acquiring an additional 210 shares in the last quarter. Invesco LLC raised its holdings in shares of Archer-Daniels-Midland by 1.3% in the 4th quarter. Invesco LLC now owns 16,242 shares of the company’s stock worth $821,000 after acquiring an additional 211 shares during the last quarter. Advisor OS LLC lifted its position in Archer-Daniels-Midland by 4.9% in the 4th quarter. Advisor OS LLC now owns 4,565 shares of the company’s stock valued at $231,000 after acquiring an additional 212 shares in the last quarter. Finally, Advisory Alpha LLC increased its holdings in Archer-Daniels-Midland by 2.8% during the 4th quarter. Advisory Alpha LLC now owns 7,952 shares of the company’s stock worth $402,000 after purchasing an additional 216 shares in the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

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.