Archer Daniels Midland Given Average Recommendation of “Buy” by Analysts (NYSE:ADM)
Archer Daniels Midland (NYSE:ADM) has been given a consensus recommendation of “Buy” by the fourteen ratings firms that are presently covering the stock, Analyst Ratings Net reports. Three research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $46.50.
Several analysts have recently commented on the stock. Analysts at Miller Tabak upgraded shares of Archer Daniels Midland from a “hold” rating to a “buy” rating in a research note on Monday. Separately, analysts at Zacks reiterated an “outperform” rating on shares of Archer Daniels Midland in a research note on Friday, May 9th. They now have a $48.00 price target on the stock. Finally, analysts at Stephens upgraded shares of Archer Daniels Midland from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, April 30th. They now have a $52.00 price target on the stock.
Shares of Archer Daniels Midland (NYSE:ADM) traded down 0.03% on Tuesday, hitting $46.485. 1,788,928 shares of the company’s stock traded hands. Archer Daniels Midland has a 52 week low of $34.21 and a 52 week high of $46.72. The stock has a 50-day moving average of $44.49 and a 200-day moving average of $42.85. The company has a market cap of $30.423 billion and a price-to-earnings ratio of 23.13.
Archer Daniels Midland (NYSE:ADM) last released its earnings data 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 $3.03 EPS 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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