Archer Daniels Midland Receives Average Rating of “Buy” from Analysts (NYSE:ADM)
Archer Daniels Midland (NYSE:ADM) has earned a consensus recommendation of “Buy” from the fourteen brokerages that are currently covering the stock, AR Network reports. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $40.31.
In other Archer Daniels Midland news, SVP Mark Bemis unloaded 19,968 shares of the stock in a transaction that occurred on Wednesday, April 16th. The shares were sold at an average price of $45.01, for a total value of $898,759.68. Following the transaction, the senior vice president now directly owns 120,577 shares of the company’s stock, valued at approximately $5,427,171. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Archer Daniels Midland (NYSE:ADM) opened at 44.63 on Friday. Archer Daniels Midland has a one year low of $31.90 and a one year high of $45.40. The stock has a 50-day moving average of $43.33 and a 200-day moving average of $41.35. The company has a market cap of $29.383 billion and a price-to-earnings ratio of 22.09.
Archer Daniels Midland (NYSE:ADM) last released its earnings data on Tuesday, February 4th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.60 earnings per share. The company’s revenue for the quarter was down 3.1% on a year-over-year basis. Analysts expect that Archer Daniels Midland will post $3.20 EPS for the current fiscal year.
A number of research firms have recently commented on ADM. Analysts at Citigroup Inc. raised their price target on shares of Archer Daniels Midland from $5.00 to $50.00 in a research note on Friday, April 4th. They now have a “buy” rating on the stock. Separately, analysts at BMO Capital Markets upgraded shares of Archer Daniels Midland from a “market perform” rating to an “outperform” rating in a research note on Monday, March 10th. They now have a $50.00 price target on the stock, up previously from $42.00. Finally, analysts at Zacks upgraded shares of Archer Daniels Midland from a “neutral” rating to an “outperform” rating in a research note on Wednesday, February 12th. They now have a $45.00 price target on the stock.
Archer-Daniels-Midland-Company, is engaged in the processing of oilseeds, corn, wheat, cocoa, and other agricultural commodities.
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