Archer Daniels Midland (ADM) Upgraded by Citigroup to Buy

Citigroup upgraded shares of Archer Daniels Midland (NYSE:ADM) from a neutral rating to a buy rating in a report published on Tuesday, MarketBeat Ratings reports. The firm currently has $49.00 target price on the stock, up from their previous target price of $42.72.

Several other equities analysts have also recently issued reports on ADM. Zacks Investment Research cut shares of Archer Daniels Midland from a hold rating to a sell rating in a research note on Monday, December 18th. Stifel Nicolaus dropped their price objective on shares of Archer Daniels Midland from $44.00 to $43.00 and set a hold rating on the stock in a research note on Monday, January 22nd. Stephens raised shares of Archer Daniels Midland from an equal weight rating to an overweight rating in a research note on Wednesday, February 7th. Robert W. Baird boosted their price objective on shares of Archer Daniels Midland from $47.00 to $49.00 and gave the company an outperform rating in a research note on Wednesday, February 7th. Finally, Vertical Group raised shares of Archer Daniels Midland from a hold rating to a buy rating and set a $49.00 price objective on the stock in a research note on Thursday, February 15th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of Hold and an average price target of $44.16.

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Archer Daniels Midland (ADM) opened at $43.30 on Tuesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.59 and a quick ratio of 0.86. The stock has a market cap of $24,046.85, a price-to-earnings ratio of 15.46 and a beta of 1.09. Archer Daniels Midland has a 12 month low of $38.59 and a 12 month high of $46.39.

Archer Daniels Midland (NYSE:ADM) last announced its quarterly earnings data on Tuesday, February 6th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.12. The company had revenue of $16.07 billion for the quarter, compared to analysts’ expectations of $16.64 billion. Archer Daniels Midland had a net margin of 2.62% and a return on equity of 7.91%. Archer Daniels Midland’s revenue was down 2.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.75 EPS. equities research analysts anticipate that Archer Daniels Midland will post 2.82 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 13th. Stockholders of record on Tuesday, February 20th will be paid a dividend of $0.335 per share. The ex-dividend date of this dividend is Friday, February 16th. This is a boost from Archer Daniels Midland’s previous quarterly dividend of $0.32. This represents a $1.34 dividend on an annualized basis and a dividend yield of 3.09%. Archer Daniels Midland’s dividend payout ratio is 47.86%.

Large investors have recently bought and sold shares of the company. Cornerstone Capital Management Holdings LLC. grew its stake in shares of Archer Daniels Midland by 56.5% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 538,874 shares of the company’s stock worth $22,906,000 after purchasing an additional 194,635 shares during the period. Toronto Dominion Bank grew its stake in shares of Archer Daniels Midland by 10.5% during the 3rd quarter. Toronto Dominion Bank now owns 213,632 shares of the company’s stock worth $9,081,000 after purchasing an additional 20,308 shares during the period. American Century Companies Inc. grew its stake in shares of Archer Daniels Midland by 1,325.9% during the 3rd quarter. American Century Companies Inc. now owns 237,086 shares of the company’s stock worth $10,079,000 after purchasing an additional 220,459 shares during the period. Schwab Charles Investment Management Inc. grew its stake in shares of Archer Daniels Midland by 15.5% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 2,819,183 shares of the company’s stock worth $119,844,000 after purchasing an additional 378,450 shares during the period. Finally, AXA grew its stake in shares of Archer Daniels Midland by 3.0% during the 3rd quarter. AXA now owns 123,600 shares of the company’s stock worth $5,254,000 after purchasing an additional 3,600 shares during the period. 76.54% of the stock is currently owned by institutional investors and hedge funds.

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Archer Daniels Midland Company Profile

Archer-Daniels-Midland Company is a processor of oilseeds, corn, wheat, cocoa and other agricultural commodities. The Company manufactures protein meal, vegetable oil, corn sweeteners, flour, biodiesel, ethanol, and other food and feed ingredients. Its segments include Agricultural Services, which utilizes its United States grain elevator, global transportation network and port operations to buy, store, clean and transport agricultural commodities, such as oilseeds, wheat, milo, oats, rice and barley, and resells these commodities primarily as food and feed ingredients and as raw materials for the agricultural processing industry; Corn Processing, which is engaged in corn wet milling and dry milling activities; Oilseeds Processing, which includes global activities related to the origination, merchandising, crushing and further processing of oilseeds; Wild Flavors and Specialty Ingredients products, which include flavors, sweeteners and health ingredients; Other, and Corporate.

Analyst Recommendations for Archer Daniels Midland (NYSE:ADM)

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