BMO Capital Markets Reiterates “Hold” Rating for Archer-Daniels-Midland Company (ADM)

Archer-Daniels-Midland Company (NYSE:ADM)‘s stock had its “hold” rating reiterated by BMO Capital Markets in a research note issued to investors on Tuesday. They currently have a $41.00 price objective on the stock. BMO Capital Markets’ price objective would suggest a potential downside of 0.34% from the company’s previous close.

Several other research firms also recently issued reports on ADM. Credit Suisse Group set a $46.00 price objective on shares of Archer-Daniels-Midland Company and gave the company a “hold” rating in a report on Wednesday, March 1st. Stifel Nicolaus cut their price objective on shares of Archer-Daniels-Midland Company from $46.00 to $45.00 and set a “hold” rating on the stock in a report on Tuesday, April 4th. Zacks Investment Research downgraded shares of Archer-Daniels-Midland Company from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 31st. Argus downgraded shares of Archer-Daniels-Midland Company from a “buy” rating to a “hold” rating in a report on Thursday, June 1st. Finally, Vetr upgraded shares of Archer-Daniels-Midland Company from a “buy” rating to a “strong-buy” rating and set a $46.76 price target on the stock in a report on Wednesday, May 31st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $46.20.

Shares of Archer-Daniels-Midland Company (ADM) opened at 41.14 on Tuesday. Archer-Daniels-Midland Company has a 52 week low of $39.01 and a 52 week high of $47.88. The company has a market capitalization of $23.38 billion, a price-to-earnings ratio of 17.42 and a beta of 1.03. The stock has a 50 day moving average of $42.09 and a 200-day moving average of $44.28.

Archer-Daniels-Midland Company (NYSE:ADM) last posted its quarterly earnings data on Tuesday, May 2nd. The company reported $0.60 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by $0.01. Archer-Daniels-Midland Company had a net margin of 2.21% and a return on equity of 7.88%. The company had revenue of $14.99 billion for the quarter, compared to analyst estimates of $15.15 billion. During the same quarter last year, the company earned $0.42 EPS. The business’s revenue was up 4.2% compared to the same quarter last year. On average, analysts anticipate that Archer-Daniels-Midland Company will post $2.68 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 8th. Investors of record on Thursday, May 18th were issued a $0.32 dividend. The ex-dividend date was Tuesday, May 16th. This represents a $1.28 annualized dividend and a yield of 3.11%. Archer-Daniels-Midland Company’s dividend payout ratio (DPR) is presently 53.78%.

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A number of institutional investors have recently modified their holdings of the company. BlackRock Inc. increased its position in shares of Archer-Daniels-Midland Company by 1,027.8% in the first quarter. BlackRock Inc. now owns 39,248,469 shares of the company’s stock valued at $1,806,998,000 after buying an additional 35,768,331 shares during the period. Norges Bank acquired a new position in shares of Archer-Daniels-Midland Company during the fourth quarter valued at $272,625,000. Ameriprise Financial Inc. increased its position in shares of Archer-Daniels-Midland Company by 95.2% in the first quarter. Ameriprise Financial Inc. now owns 3,999,100 shares of the company’s stock valued at $184,053,000 after buying an additional 1,950,600 shares during the period. Vanguard Group Inc. increased its position in shares of Archer-Daniels-Midland Company by 4.0% in the first quarter. Vanguard Group Inc. now owns 43,397,849 shares of the company’s stock valued at $1,998,037,000 after buying an additional 1,672,627 shares during the period. Finally, Victory Capital Management Inc. increased its position in shares of Archer-Daniels-Midland Company by 16.6% in the first quarter. Victory Capital Management Inc. now owns 5,239,564 shares of the company’s stock valued at $241,229,000 after buying an additional 745,593 shares during the period. Institutional investors own 72.39% of the company’s stock.

About Archer-Daniels-Midland Company

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

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