Archer-Daniels-Midland Company (NYSE:ADM) Earns “Hold” Rating from Stifel Nicolaus

Archer-Daniels-Midland Company (NYSE:ADM)‘s stock had its “hold” rating restated by Stifel Nicolaus in a research report issued to clients and investors on Thursday, August 3rd. They currently have a $45.00 price target on the stock, up from their prior price target of $40.00. Stifel Nicolaus’ price target would indicate a potential upside of 9.06% from the stock’s previous close.

Other analysts also recently issued reports about the stock. Citigroup Inc. reiterated a “buy” rating on shares of Archer-Daniels-Midland in a research report on Wednesday, July 12th. Credit Suisse Group restated a “hold” rating and set a $46.00 price target on shares of Archer-Daniels-Midland in a research report on Friday, April 7th. Zacks Investment Research upgraded shares of Archer-Daniels-Midland from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 4th. BMO Capital Markets restated a “hold” rating and set a $41.00 price target on shares of Archer-Daniels-Midland in a research report on Tuesday, June 27th. Finally, Argus downgraded shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research report on Thursday, June 1st. Two research analysts have rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $45.10.

Shares of Archer-Daniels-Midland (NYSE:ADM) opened at 41.26 on Thursday. The stock has a 50 day moving average of $41.60 and a 200-day moving average of $43.33. Archer-Daniels-Midland has a one year low of $40.22 and a one year high of $47.88. The stock has a market capitalization of $23.21 billion, a PE ratio of 17.45 and a beta of 1.11.

Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings data on Tuesday, August 1st. The company reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.05. The firm had revenue of $14.94 billion for the quarter, compared to the consensus estimate of $15.86 billion. Archer-Daniels-Midland had a net margin of 2.22% and a return on equity of 8.40%. Archer-Daniels-Midland’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same period last year, the firm posted $0.41 EPS. Equities analysts predict that Archer-Daniels-Midland will post $2.61 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in ADM. Barings LLC increased its position in shares of Archer-Daniels-Midland by 43.2% in the first quarter. Barings LLC now owns 184,204 shares of the company’s stock worth $8,481,000 after buying an additional 55,566 shares during the last quarter. Morgan Stanley increased its stake in Archer-Daniels-Midland by 4.0% in the first quarter. Morgan Stanley now owns 2,363,520 shares of the company’s stock valued at $108,815,000 after buying an additional 90,834 shares in the last quarter. Vanguard Group Inc. increased its stake in Archer-Daniels-Midland 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 in the last quarter. Nicholas Hoffman & Company LLC. increased its stake in Archer-Daniels-Midland by 5.1% in the first quarter. Nicholas Hoffman & Company LLC. now owns 5,695 shares of the company’s stock valued at $262,000 after buying an additional 276 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in Archer-Daniels-Midland by 3.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 2,291,282 shares of the company’s stock valued at $105,491,000 after buying an additional 71,183 shares in the last quarter. 73.21% of the stock is currently owned by hedge funds and other institutional investors.

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