Archer Daniels Midland VP Michael Lusk Unloads 8,000 Shares (ADM)
Archer Daniels Midland (NYSE:ADM) VP Michael Lusk sold 8,000 shares of Archer Daniels Midland stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $38.86, for a total value of $310,880.00. Following the sale, the vice president now directly owns 15,923 shares in the company, valued at approximately $618,768. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on ADM. Analysts at Scotiabank upgraded shares of Archer Daniels Midland from a “sector perform” rating to an “outperform” rating in a research note to investors on Wednesday. Separately, analysts at Citigroup Inc. upgraded shares of Archer Daniels Midland from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday. They now have a $45.00 price target on the stock. Finally, analysts at Stephens downgraded shares of Archer Daniels Midland from an “overweight” rating to an “equal weight” rating in a research note to investors on Tuesday, January 7th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $38.17.
Archer Daniels Midland (NYSE:ADM) traded up 1.79% during mid-day trading on Friday, hitting $39.81. The stock had a trading volume of 4,705,710 shares. Archer Daniels Midland has a 1-year low of $30.08 and a 1-year high of $43.99. The stock has a 50-day moving average of $41.57 and a 200-day moving average of $39.1. The company has a market cap of $26.194 billion and a P/E ratio of 17.38.
Archer Daniels Midland (NYSE:ADM) last released its earnings data on Tuesday, February 4th. The company reported $0.95 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.84 by $0.11. The company had revenue of $24.14 billion for the quarter, compared to the consensus estimate of $25.07 billion. During the same quarter last year, the company posted $0.60 earnings per share. Archer Daniels Midland’s revenue was down 3.1% compared to the same quarter last year. On average, analysts predict that Archer Daniels Midland will post $3.24 earnings per share for the current fiscal year.
Archer-Daniels-Midland-Company, is engaged in the processing of oilseeds, corn, wheat, cocoa, and other agricultural commodities.
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