Archer-Daniels-Midland (NYSE:ADM) Upgraded to Buy at UBS Group

UBS Group upgraded shares of Archer-Daniels-Midland (NYSE:ADM) from a neutral rating to a buy rating in a research report report published on Monday, MarketBeat reports. They currently have $60.00 target price on the stock, up from their prior target price of $55.00.

ADM has been the subject of several other research reports. Morgan Stanley reduced their price objective on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating for the company in a report on Tuesday, February 11th. BMO Capital Markets reduced 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 note on Wednesday, February 5th. Barclays decreased their price objective on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating for the company in a report on Monday, February 24th. Citigroup dropped their target price on Archer-Daniels-Midland from $51.00 to $49.00 and set a “neutral” rating on the stock in a report on Tuesday, April 15th. Finally, Bank of America lowered Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $47.00 to $45.00 in a research note on Thursday, May 8th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $52.00.

Archer-Daniels-Midland Stock Performance

ADM opened at $48.32 on Monday. The company has a current ratio of 1.39, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34. The business’s 50 day moving average is $47.28 and its 200-day moving average is $49.24. The stock has a market cap of $23.21 billion, a PE ratio of 13.38, a price-to-earnings-growth ratio of 1.54 and a beta of 0.69. Archer-Daniels-Midland has a twelve month low of $40.98 and a twelve month high of $66.08.

Archer-Daniels-Midland (NYSE:ADM) last announced its earnings results on Tuesday, May 6th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.01. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The firm had revenue of $20.18 billion for the quarter, compared to the consensus estimate of $22.05 billion. During the same quarter in the previous year, the business earned $1.46 EPS. The firm’s revenue for the quarter was down 7.7% on a year-over-year basis. On average, analysts predict that Archer-Daniels-Midland will post 4.31 earnings per share for the current year.

Archer-Daniels-Midland Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 21st will be issued a $0.51 dividend. The ex-dividend date is Wednesday, May 21st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.22%. Archer-Daniels-Midland’s payout ratio is currently 72.86%.

Institutional Trading of Archer-Daniels-Midland

Large investors have recently added to or reduced their stakes in the business. AustralianSuper Pty Ltd increased its holdings in shares of Archer-Daniels-Midland by 26.4% in the fourth quarter. AustralianSuper Pty Ltd now owns 1,730,182 shares of the company’s stock valued at $87,409,000 after buying an additional 360,844 shares in the last quarter. Amundi grew its holdings in shares of Archer-Daniels-Midland by 56.7% in the 4th quarter. Amundi now owns 2,473,393 shares of the company’s stock worth $123,340,000 after acquiring an additional 894,562 shares during the last quarter. Hickory Point Bank & Trust acquired a new stake in shares of Archer-Daniels-Midland during the fourth quarter worth $1,217,000. Semanteon Capital Management LP purchased a new stake in shares of Archer-Daniels-Midland during the fourth quarter valued at $614,000. Finally, Aigen Investment Management LP boosted its position in shares of Archer-Daniels-Midland by 127.7% in the 4th quarter. Aigen Investment Management LP now owns 46,950 shares of the company’s stock valued at $2,372,000 after purchasing an additional 26,329 shares during the period. 78.28% of the stock is currently owned by institutional investors.

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.