Brokerages Set Archer Daniels Midland Company (ADM) Price Target at $46.86

Shares of Archer Daniels Midland Company (NYSE:ADM) have earned an average recommendation of “Hold” from the fourteen analysts that are currently covering the company. One equities research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $46.86.

Several research firms have recently weighed in on ADM. Credit Suisse Group AG reaffirmed a “hold” rating and issued a $46.00 target price on shares of Archer Daniels Midland Company in a report on Friday, April 7th. Stifel Nicolaus lowered their target price 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. Vetr raised shares of Archer Daniels Midland Company from a “hold” rating to a “buy” rating and set a $46.73 target price on the stock in a report on Monday, January 30th. Zacks Investment Research lowered shares of Archer Daniels Midland Company from a “buy” rating to a “hold” rating in a report on Wednesday, January 25th. Finally, BMO Capital Markets lowered shares of Archer Daniels Midland Company from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $51.00 to $48.00 in a report on Friday, January 6th.

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In related news, insider Joseph D. Taets sold 13,319 shares of the company’s stock in a transaction dated Tuesday, February 28th. The shares were sold at an average price of $47.02, for a total transaction of $626,259.38. Following the transaction, the insider now owns 163,909 shares in the company, valued at approximately $7,707,001.18. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 3.15% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp increased its position in shares of Archer Daniels Midland Company by 2.2% in the fourth quarter. State Street Corp now owns 34,265,037 shares of the company’s stock valued at $1,564,198,000 after buying an additional 725,386 shares during the period. Northern Trust Corp increased its position in shares of Archer Daniels Midland Company by 2.1% in the third quarter. Northern Trust Corp now owns 9,526,894 shares of the company’s stock valued at $401,749,000 after buying an additional 191,871 shares during the period. AQR Capital Management LLC increased its position in shares of Archer Daniels Midland Company by 1.3% in the fourth quarter. AQR Capital Management LLC now owns 6,229,274 shares of the company’s stock valued at $284,367,000 after buying an additional 79,136 shares during the period. Norges Bank bought a new position in shares of Archer Daniels Midland Company during the fourth quarter valued at about $272,625,000. Finally, APG Asset Management N.V. increased its position in shares of Archer Daniels Midland Company by 1.9% in the third quarter. APG Asset Management N.V. now owns 5,284,674 shares of the company’s stock valued at $222,855,000 after buying an additional 100,300 shares during the period. Institutional investors and hedge funds own 73.05% of the company’s stock.

Shares of Archer Daniels Midland Company (NYSE:ADM) traded up 0.67% during trading on Monday, reaching $44.90. 2,539,257 shares of the company’s stock were exchanged. Archer Daniels Midland Company has a 52 week low of $37.00 and a 52 week high of $47.88. The firm has a market capitalization of $25.64 billion, a PE ratio of 20.79 and a beta of 0.90. The company’s 50-day moving average price is $45.09 and its 200 day moving average price is $44.57.

Archer Daniels Midland Company (NYSE:ADM) last announced its quarterly earnings results on Tuesday, February 7th. The company reported $0.75 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by $0.05. The business earned $16.50 billion during the quarter, compared to the consensus estimate of $16.57 billion. Archer Daniels Midland Company had a net margin of 2.05% and a return on equity of 7.19%. The company’s quarterly revenue was up .3% compared to the same quarter last year. During the same period last year, the firm earned $0.61 EPS. Analysts predict that Archer Daniels Midland Company will post $2.84 EPS for the current fiscal year.

About Archer Daniels Midland Company

5 Day Chart for NYSE:ADM

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