Analysts Set Archer-Daniels-Midland Company (ADM) Price Target at $45.39

Archer-Daniels-Midland Company (NYSE:ADM) has received a consensus recommendation of “Hold” from the eleven research firms that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, seven have given a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $45.39.

A number of analysts recently weighed in on the stock. Credit Suisse Group set a $46.00 target price on shares of Archer-Daniels-Midland Company and gave the company a “hold” rating in a research note on Wednesday, March 1st. 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 research note on Tuesday, April 4th. Vetr raised shares of Archer-Daniels-Midland Company from a “buy” rating to a “strong-buy” rating and set a $46.76 target price on the stock in a research note on Monday, May 22nd. Zacks Investment Research cut shares of Archer-Daniels-Midland Company from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 31st. Finally, Argus cut shares of Archer-Daniels-Midland Company from a “buy” rating to a “hold” rating in a research note on Thursday, June 1st.

Shares of Archer-Daniels-Midland Company (NYSE ADM) traded up 0.47% on Tuesday, hitting $42.56. The company had a trading volume of 5,352,935 shares. The company has a market cap of $24.19 billion, a price-to-earnings ratio of 18.02 and a beta of 1.03. Archer-Daniels-Midland Company has a 12-month low of $39.01 and a 12-month high of $47.88. The company has a 50 day moving average of $42.31 and a 200-day moving average of $44.30.

Archer-Daniels-Midland Company (NYSE:ADM) last announced its quarterly earnings data on Tuesday, May 2nd. The company reported $0.60 EPS for the quarter, missing the Zacks’ consensus estimate of $0.61 by $0.01. The company had revenue of $14.99 billion for the quarter, compared to analyst estimates of $15.15 billion. Archer-Daniels-Midland Company had a net margin of 2.21% and a return on equity of 7.88%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.42 EPS. On average, analysts forecast that Archer-Daniels-Midland Company will post $2.71 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 8th. Shareholders of record on Thursday, May 18th were paid a dividend of $0.32 per share. The ex-dividend date was Tuesday, May 16th. This represents a $1.28 annualized dividend and a yield of 3.01%. Archer-Daniels-Midland Company’s dividend payout ratio is 53.78%.

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Archer-Daniels-Midland Company 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. BlackRock Inc. boosted its stake in shares of Archer-Daniels-Midland Company by 1,027.8% in the first quarter. BlackRock Inc. now owns 39,248,469 shares of the company’s stock valued at $1,806,998,000 after buying an additional 35,768,331 shares in the last quarter. State Street Corp boosted its stake 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 in the last quarter. Macquarie Group Ltd. boosted its stake in shares of Archer-Daniels-Midland Company by 1.2% in the first quarter. Macquarie Group Ltd. now owns 16,974,063 shares of the company’s stock valued at $781,486,000 after buying an additional 207,704 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake 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 in the last quarter. 72.82% of the stock is currently owned by hedge funds and other institutional investors.

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