Archer Daniels Midland Upgraded to Overweight at Stephens (ADM)
Archer Daniels Midland (NYSE:ADM) was upgraded by investment analysts at Stephens from an “equal weight” rating to an “overweight” rating in a note issued to investors on Wednesday, TheFlyOnTheWall.com reports.
In other Archer Daniels Midland news, SVP Mark Bemis unloaded 19,968 shares of the company’s stock on the open market in a transaction dated Wednesday, April 16th. The stock was 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 in the company, valued at approximately $5,427,171. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Archer Daniels Midland (NYSE:ADM) traded up 1.16% on Wednesday, hitting $43.73. 5,913,765 shares of the company’s stock traded hands. Archer Daniels Midland has a 52 week low of $31.90 and a 52 week high of $45.40. The stock has a 50-day moving average of $43.57 and a 200-day moving average of $41.60. The company has a market cap of $28.791 billion and a P/E ratio of 21.40.
Archer Daniels Midland (NYSE:ADM) last announced its earnings results on Tuesday, April 29th. The company reported $0.55 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.74 by $0.19. The company had revenue of $20.70 billion for the quarter, compared to the consensus estimate of $22.04 billion. During the same quarter in the prior year, the company posted $0.48 earnings per share. The company’s quarterly revenue was down 4.7% on a year-over-year basis. Analysts expect that Archer Daniels Midland will post $3.21 EPS for the current fiscal year.
A number of other analysts have also recently weighed in 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. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $40.31.
Archer-Daniels-Midland-Company, is engaged in the processing of oilseeds, corn, wheat, cocoa, and other agricultural commodities.
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