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

Archer-Daniels-Midland (NYSE:ADM) had its price objective lowered by stock analysts at Barclays from $60.00 to $56.00 in a report released on Wednesday,Benzinga reports. The firm currently has an “underweight” rating on the stock. Barclays‘s target price points to a potential upside of 5.26% from the stock’s current price.

A number of other brokerages have also issued reports on ADM. UBS Group boosted their price target on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. Morgan Stanley dropped their price objective on Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating and fourteen have issued a hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $62.50.

Archer-Daniels-Midland Price Performance

Shares of NYSE ADM opened at $53.20 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 0.84. The company has a market cap of $25.46 billion, a PE ratio of 15.20 and a beta of 0.72. The stock has a fifty day moving average price of $55.61 and a 200 day moving average price of $59.13. Archer-Daniels-Midland has a 1-year low of $48.92 and a 1-year high of $77.35.

Institutional Trading of Archer-Daniels-Midland

Hedge funds have recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. acquired a new stake in shares of Archer-Daniels-Midland in the third quarter worth approximately $25,000. Ashton Thomas Securities LLC acquired a new position in shares of Archer-Daniels-Midland in the 3rd quarter valued at $26,000. Riverview Trust Co acquired a new stake in shares of Archer-Daniels-Midland during the 2nd quarter worth $27,000. Altshuler Shaham Ltd purchased a new position in shares of Archer-Daniels-Midland in the 2nd quarter worth $28,000. Finally, Peterson Financial Group Inc. acquired a new position in Archer-Daniels-Midland in the third quarter valued at $28,000. 78.28% of the stock is owned by institutional investors and hedge funds.

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.