Archer Daniels Midland Given Average Rating of “Buy” by Analysts (NYSE:ADM)
Shares of Archer Daniels Midland (NYSE:ADM) have earned an average recommendation of “Buy” from the fourteen ratings firms that are presently covering the stock, AnalystRatings.NET reports. Three research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $46.88.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Archer Daniels Midland in a research note on Wednesday. They now have a $53.00 price target on the stock, up previously from $50.00. Separately, analysts at Miller Tabak upgraded shares of Archer Daniels Midland from a “hold” rating to a “buy” rating in a research note on Monday, July 7th. Finally, 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.
Shares of Archer Daniels Midland (NYSE:ADM) opened at 47.85 on Tuesday. Archer Daniels Midland has a 52 week low of $34.21 and a 52 week high of $48.04. The stock has a 50-day moving average of $44.86 and a 200-day moving average of $42.96. The company has a market cap of $31.316 billion and a P/E ratio of 23.56.
Archer Daniels Midland (NYSE:ADM) last released its earnings data on Tuesday, April 29th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.48 earnings per share. The company’s revenue for the quarter 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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