Barclays Has Lowered Expectations for Archer-Daniels-Midland (NYSE:ADM) Stock Price

Archer-Daniels-Midland (NYSE:ADM) had its price target decreased by Barclays from $56.00 to $50.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an “underweight” rating on the stock. Barclays‘s price objective points to a potential downside of 2.40% from the company’s current price.

A number of other research analysts have also recently issued reports on the stock. Morgan Stanley decreased their price objective on shares of Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating for the company in a report on Tuesday, November 12th. BMO Capital Markets lowered their price objective on shares of Archer-Daniels-Midland from $55.00 to $51.00 and set a “market perform” rating for the company in a research report on Wednesday, December 4th. Stephens started coverage on Archer-Daniels-Midland in a report on Wednesday, December 11th. They set an “equal weight” rating and a $55.00 target price on the stock. Citigroup increased their price target on Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. Finally, Bank of America cut Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $63.00 to $54.00 in a report on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating and fourteen have issued a hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $58.62.

Archer-Daniels-Midland Stock Up 0.4 %

NYSE ADM opened at $51.23 on Tuesday. The stock’s 50 day simple moving average is $51.71 and its 200 day simple moving average is $56.71. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 0.84. Archer-Daniels-Midland has a one year low of $48.40 and a one year high of $68.85. The firm has a market cap of $24.52 billion, a PE ratio of 14.64 and a beta of 0.72.

Archer-Daniels-Midland declared that its Board of Directors has approved a stock buyback program on Wednesday, December 11th that allows the company to buyback 100,000,000 shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ADM. Harbor Capital Advisors Inc. bought a new position in Archer-Daniels-Midland during the 3rd quarter worth $25,000. Ashton Thomas Securities LLC bought a new stake in shares of Archer-Daniels-Midland during the 3rd quarter worth approximately $26,000. Peterson Financial Group Inc. bought a new position in Archer-Daniels-Midland in the third quarter valued at approximately $28,000. Raleigh Capital Management Inc. boosted its holdings in shares of Archer-Daniels-Midland by 179.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 556 shares of the company’s stock valued at $28,000 after purchasing an additional 357 shares in the last quarter. Finally, ST Germain D J Co. Inc. raised its holdings in shares of Archer-Daniels-Midland by 724.6% during the 4th quarter. ST Germain D J Co. Inc. now owns 569 shares of the company’s stock worth $29,000 after buying an additional 500 shares in the last quarter. 78.28% of the stock is owned by institutional investors.

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.