Archer Daniels Midland Company Now Covered by Janney Montgomery Scott (ADM)
Analysts at Janney Montgomery Scott assumed coverage on shares of Archer Daniels Midland Company (NYSE:ADM) in a research report issued to clients and investors on Thursday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
Other equities research analysts have also recently issued reports about 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, August 20th. 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. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $50.00.
Shares of Archer Daniels Midland Company (NYSE:ADM) traded up 0.54% during mid-day trading on Thursday, hitting $50.20. The stock had a trading volume of 3,187,492 shares. Archer Daniels Midland Company has a one year low of $35.63 and a one year high of $50.56. The stock has a 50-day moving average of $48.7 and a 200-day moving average of $44.95. The company has a market cap of $32.405 billion and a P/E ratio of 20.05. Archer Daniels Midland Company also was the recipient of unusually large options trading activity on Wednesday. Stock traders bought 7,124 put options on the company. This is an increase of approximately 824% compared to the average volume of 771 put options.
Archer Daniels Midland Company (NYSE:ADM) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.77 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.46 earnings per share. Archer Daniels Midland Company’s revenue was down 4.6% compared to the same quarter last year. Analysts expect that Archer Daniels Midland Company will post $3.05 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, September 11th. Stockholders of record on Thursday, August 21st will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.92%. The ex-dividend date is Tuesday, August 19th.
Archer-Daniels-Midland-Company is engaged in the processing of oilseeds, corn, wheat, cocoa, and other agricultural commodities.
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