Archer Daniels Midland Company Receives Average Recommendation of “Buy” from Analysts (NYSE:ADM)
Archer Daniels Midland Company (NYSE:ADM) has received an average recommendation of “Buy” from the fourteen brokerages that are presently covering the stock, Analyst Ratings Net reports. Four equities research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $50.00.
Shares of Archer Daniels Midland Company (NYSE:ADM) opened at 49.57 on Monday. Archer Daniels Midland Company has a 52-week low of $34.21 and a 52-week high of $50.30. The stock has a 50-day moving average of $48.13 and a 200-day moving average of $44.31. The company has a market cap of $31.998 billion and a price-to-earnings ratio of 20.00.
Archer Daniels Midland Company (NYSE:ADM) last announced its 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 1.94%. The ex-dividend date of this dividend is Tuesday, August 19th.
Several analysts have recently commented on the stock. Analysts at Argus raised their price target on shares of Archer Daniels Midland Company from $49.00 to $57.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Zacks reiterated an “outperform” rating on shares of Archer Daniels Midland Company in a research note on Thursday, August 14th. They now have a $60.00 price target on the stock. Finally, 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.
In other Archer Daniels Midland Company news, SVP Joseph D. Taets unloaded 14,690 shares of Archer Daniels Midland Company stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $49.90, for a total transaction of $733,031.00. The transaction was disclosed in a legal 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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