Archer-Daniels-Midland Company (NYSE:ADM)‘s stock had its “hold” rating reaffirmed by research analysts at Stifel Nicolaus in a research report issued to clients and investors on Saturday. They currently have a $40.00 target price on the stock, down from their previous target price of $41.00. Stifel Nicolaus’ price objective would suggest a potential downside of 3.05% from the stock’s previous close.

ADM has been the topic of several other research reports. Zacks Investment Research raised Archer-Daniels-Midland from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 4th. Vetr raised Archer-Daniels-Midland from a “buy” rating to a “strong-buy” rating and set a $46.76 target price on the stock in a report on Monday, May 22nd. Credit Suisse Group AG set a $45.00 target price on Archer-Daniels-Midland and gave the stock a “hold” rating in a report on Tuesday. BMO Capital Markets reissued a “hold” rating and set a $41.00 target price on shares of Archer-Daniels-Midland in a report on Tuesday, June 27th. Finally, Argus cut Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a report on Thursday, June 1st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $45.53.

Archer-Daniels-Midland (ADM) traded down 0.39% during midday trading on Friday, hitting $41.26. The company had a trading volume of 2,716,987 shares. The stock has a market cap of $23.45 billion, a price-to-earnings ratio of 17.47 and a beta of 1.10. The company’s 50 day moving average is $41.55 and its 200 day moving average is $43.61. Archer-Daniels-Midland has a 12-month low of $40.22 and a 12-month high of $47.88.

Archer-Daniels-Midland (NYSE:ADM) last announced its earnings results on Tuesday, May 2nd. The company reported $0.60 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by $0.01. Archer-Daniels-Midland had a return on equity of 7.88% and a net margin of 2.21%. The firm had revenue of $14.99 billion for the quarter, compared to the consensus estimate of $15.15 billion. During the same period in the previous year, the firm earned $0.42 EPS. Archer-Daniels-Midland’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, equities analysts anticipate that Archer-Daniels-Midland will post $2.61 EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of ADM. ING Groep raised its position in Archer-Daniels-Midland by 7.5% in the third quarter. ING Groep now owns 264,760 shares of the company’s stock valued at $10,974,000 after buying an additional 18,492 shares during the period. Van Cleef Asset Management raised its position in Archer-Daniels-Midland by 110.7% in the fourth quarter. Van Cleef Asset Management now owns 173,715 shares of the company’s stock valued at $6,372,000 after buying an additional 91,275 shares during the period. Burney Co. raised its position in Archer-Daniels-Midland by 15.7% in the fourth quarter. Burney Co. now owns 43,128 shares of the company’s stock valued at $1,574,000 after buying an additional 5,847 shares during the period. Heritage Investors Management raised its position in Archer-Daniels-Midland by 1.8% in the fourth quarter. Heritage Investors Management now owns 289,813 shares of the company’s stock valued at $10,630,000 after buying an additional 5,172 shares during the period. Finally, California Public Employees Retirement System raised its position in Archer-Daniels-Midland by 0.9% in the fourth quarter. California Public Employees Retirement System now owns 1,838,148 shares of the company’s stock valued at $67,423,000 after buying an additional 16,500 shares during the period. Hedge funds and other institutional investors own 72.56% of the company’s stock.

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