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Archer Daniels Midland Company (NYSE:ADM)’s share price reached a new 52-week high during trading on Friday , Analyst Ratings.Net reports. The stock traded as high as $50.30 and last traded at $49.72, with a volume of 1,517,514 shares changing hands. The stock had previously closed at $49.97.

ADM has been the subject of a number of recent research reports. Analysts at Zacks reiterated an “outperform” rating on shares of Archer Daniels Midland Company in a research note on Thursday. They now have a $60.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Archer Daniels Midland Company from $46.00 to $48.00 in a research note on Friday, July 18th. They now have a “neutral” rating on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Archer Daniels Midland Company in a research note on Wednesday, July 9th. They now have a $53.00 price target on the stock, up previously from $50.00. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $49.11.

The stock has a 50-day moving average of $47.3 and a 200-day moving average of $43.95. The company has a market cap of $32.092 billion and a P/E ratio of 20.07.

Archer Daniels Midland Company (NYSE:ADM) last released its earnings data on Tuesday, August 5th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.02. The company had revenue of $21.49 billion for the quarter, compared to the consensus estimate of $22.70 billion. During the same quarter in the previous year, the company posted $0.46 earnings per share. The company’s revenue for the quarter was down 4.6% on a year-over-year basis. On average, analysts predict that Archer Daniels Midland Company will post $3.03 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Thursday, September 11th. Stockholders of record on Thursday, August 21st will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend is Tuesday, August 19th.

In other Archer Daniels Midland Company news, VP John P. Stott sold 13,652 shares of Archer Daniels Midland Company stock on the open market in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $50.01, for a total value of $682,736.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Archer-Daniels-Midland-Company is engaged in the processing of oilseeds, corn, wheat, cocoa, and other agricultural commodities.

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