Credit Suisse Group Increases Archer Daniels Midland (ADM) Price Target to $42.00

Marco Green
April 23, 2018

NYSE:ADM traded down $0.29 during trading hours on Thursday, reaching $45.50. Its down 3.4% from 3.59 million shares previously. LendingTree, Inc. (TREE) has risen 190.64% since April 22, 2017 and is uptrending. It has outperformed by 40.88% the S&P500.

Colonial Trust Advisors decreased its stake in Archer Daniels Midld (ADM) by 46.78% based on its latest 2017Q4 regulatory filing with the SEC. Robert W. Baird maintained the stock with "Buy" rating in Wednesday, November 1 report. The firm's quarterly revenue was up 4.2% compared to the same quarter past year. Taking a broader view, the current separation from the 52-week high is -1.26%, and the distance from the 52-week low is now 17.91%. ADM has 4.38 million volume or 8.54% up from normal. ADM is hitting $45.5 during the last trading session, after decreased 0.63%.Archer-Daniels-Midland Company is downtrending after having declined 5.47% since April 22, 2017. It has underperformed by 17.02% the S&P500.

Lendingtree Inc (TREE) investors sentiment decreased to 1.23 in Q4 2017. It has change of 0.21, from 2017Q3's 1.21. It turned negative, as 53 investors sold ADM shares while 201 reduced holdings.

Several hedge funds have recently modified their holdings of ADM. Envestnet Asset Management Inc. increased its position in shares of Archer Daniels Midland by 3.9% during the third quarter. The company reported $0.82 earnings per share for the quarter, topping analysts' consensus estimates of $0.70 by $0.12. Wells Fargo And Mn has invested 0.02% in Archer-Daniels-Midland Company (NYSE:ADM).

TRADEMARK VIOLATION WARNING: "Credit Suisse Group Increases Archer Daniels Midland (ADM) Price Target to $42.00" was originally reported by Macon Daily and is the property of of Macon Daily. Bank of America downgraded Archer-Daniels-Midland Company (NYSE:ADM) on Monday, March 7 to "Neutral" rating. Nordea Investment Management AB now owns 34,489 shares of the company's stock valued at $1,466,000 after acquiring an additional 1,307 shares during the last quarter. Mackenzie Fincl holds 13,711 shares. Ledyard National Bank bought a new stake in shares of Archer Daniels Midland Company during the first quarter valued at $120,000. Analysts forecast $0.59 EPS, which is $0.01 down or 1.67 % from 2017's $0.6 EPS. Louisiana State Employees Retirement owns 21,100 shares or 0.01% of their U.S. portfolio. Proshare Advsrs Ltd holds 1.65 million shares. Vanguard Gru stated it has 0.08% of its portfolio in Archer-Daniels-Midland Company (NYSE:ADM). The Nokomis Capital Llc holds 1.34 million shares with $20.14M value, up from 235,830 last quarter. Cibc Asset Mngmt holds 54,458 shares. LOOF PER OLOF also sold $912,443 worth of KEMET Corporation (NYSE:KEM) shares. 453 were reported by Brown Brothers Harriman.

Since March 12, 2018, it had 0 buys, and 2 insider sales for $952,039 activity. D AMBROSE MICHAEL sold $934,290 worth of stock or 20,762 shares. The consensus recommendation provided by covering sell-side analysts is now 2.60.

A total of 11 analysts rate Archer Daniels Midland (NYSE:ADM) as follows: 6 "Buy", 4 "Hold" and 1 "Sell". Therefore 95% are positive. The firm earned "Hold" rating on Tuesday, October 24 by Credit Suisse. Stifel Nicolaus maintained it with "Hold" rating and $19.5 target in Sunday, September 10 report. Piper Jaffray maintained the stock with "Hold" rating in Tuesday, October 31 report. The stock has "Overweight" rating by Morgan Stanley on Monday, January 25. Vertical Group upgraded the shares of ADM in report on Thursday, February 15 to "Buy" rating. Archer Daniels Midland had a net margin of 2.62% and a return on equity of 7.91%. Intl Grp Inc holds 0.02% or 179,783 shares in its portfolio. It also reduced Lockheed Martin Corp. 270.44 million shares or 2.16% more from 264.73 million shares in 2017Q3 were reported. It also reduced its holding in Apple Inc.

Nokomis Capital Llc decreased Adesto Technologies Corp stake by 132,557 shares to 768,165 valued at $4.96M in 2017Q4. Ameritas Investment Partners owns 4,697 shares. Intuitive Surgical Inc (NASDAQ:ISRG) was raised too.

Among 21 analysts covering ONEOK (NYSE:OKE), 9 have Buy rating, 0 Sell and 12 Hold. Therefore 67% are positive. Teva Pharma had 150 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Barclays Capital on Friday, October 13 with "Equal-Weight". As per Friday, June 16, the company rating was maintained by Jefferies. The firm earned "Hold" rating on Sunday, August 6 by Stifel Nicolaus. The firm has "Market Perform" rating given on Friday, January 6 by BMO Capital Markets. (NYSE:OKE) rating on Monday, April 3. The company was upgraded on Monday, September 28 by Citigroup.

Stocks to Watch: Blackhawk Network Holdings, Inc.

Since February 5, 2018, it had 0 insider purchases, and 14 insider sales for $16.64 million activity. US Capital Advisors downgraded the shares of OKE in report on Wednesday, May 18 to "Hold" rating. $406,741 worth of KEMET Corporation (NYSE:KEM) shares were sold by Borruso Joseph Vincent. About 14.47M shares traded. $2.25 million worth of Littelfuse, Inc. (NYSE:OKE) for 5,224 shares.

Shares of ADM stock opened at $45.50 on Friday. (NYSE:ABBV) was sold by ALBAN CARLOS on Wednesday, February 28.

Investors of record on Thursday, May 18th will be issued a $0.32 dividend. Its down 0.21, from 1.21 in 2017Q3. 49 funds opened positions while 58 raised stakes. Marathon Mngmt has 2,511 shares. Sunbelt Securities stated it has 5,029 shares or 0.2% of all its holdings. 3,775 were accumulated by Glg Prtnrs Lp. Federated Invsts Pa holds 0.02% or 207,082 shares. (NYSE:ABBV) for 2,170 shares. Parallax Volatility Advisers Limited Partnership holds 0% of its portfolio in Archer-Daniels-Midland Company (NYSE:ADM) for 13,080 shares. The Blackhawk Network Holdings, Inc. has shown a five days performance of 0.11% and thirty days performance stands at 0.34%. (NYSE:ABBV). Stone Run Limited Liability Co holds 0.21% or 4,300 shares. Market capitalization refers to the entire dollar market cost of a company's outstanding shares. From the session open, shares have moved -1.00%. 25,300 shares were sold by LOWE WILLIAM M JR, worth $439,943 on Tuesday, February 6. (NYSE:ABBV) for 63,512 shares. Utah Retirement, a Utah-based fund reported 102,460 shares.

Analysts await LendingTree, Inc.

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