Archer Daniels Midland Company Given Consensus Rating of “Buy” by Brokerages (NYSE:ADM)
Archer Daniels Midland Company (NYSE:ADM) has been given an average recommendation of “Buy” by the fourteen brokerages that are covering the stock, Stock Ratings News reports. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $49.11.
A number of analysts have recently weighed in on ADM shares. 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.
Shares of Archer Daniels Midland Company (NYSE:ADM) opened at 49.74 on Monday. Archer Daniels Midland Company has a 1-year low of $34.21 and a 1-year high of $50.30. The stock’s 50-day moving average is $47.5 and its 200-day moving average is $44.02. The company has a market cap of $32.108 billion and a P/E ratio of 19.98.
Archer Daniels Midland Company (NYSE:ADM) last posted its quarterly earnings results 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 $3.06 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 1.93%. 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 the stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $50.01, for a total value of $682,736.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Archer-Daniels-Midland-Company is engaged in the processing of oilseeds, corn, wheat, cocoa, and other agricultural commodities.
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