Archer-Daniels-Midland Company (NYSE:ADM) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of Archer-Daniels-Midland Company (NYSE:ADM) have been given an average rating of “Hold” by the ten research firms that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $43.54.
A number of research analysts have weighed in on the company. Credit Suisse Group reissued a “hold” rating and set a $46.00 price target on shares of Archer-Daniels-Midland in a research note on Friday, April 7th. Stifel Nicolaus cut their target price on Archer-Daniels-Midland from $46.00 to $45.00 and set a “hold” rating on the stock in a research report on Tuesday, April 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 research report on Wednesday, May 31st. Zacks Investment Research lowered Archer-Daniels-Midland from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, Citigroup Inc. reaffirmed a “buy” rating on shares of Archer-Daniels-Midland in a research report on Wednesday, July 12th.
A number of hedge funds have recently made changes to their positions in ADM. Guardian Life Insurance Co. of America increased its stake in shares of Archer-Daniels-Midland by 0.4% in the first quarter. Guardian Life Insurance Co. of America now owns 2,206 shares of the company’s stock valued at $102,000 after buying an additional 8 shares in the last quarter. Ledyard National Bank acquired a new stake in shares of Archer-Daniels-Midland during the first quarter valued at $120,000. Whittier Trust Co. increased its stake in shares of Archer-Daniels-Midland by 1,221.7% in the first quarter. Whittier Trust Co. now owns 3,172 shares of the company’s stock valued at $146,000 after buying an additional 2,932 shares in the last quarter. Point72 Asia Hong Kong Ltd increased its stake in shares of Archer-Daniels-Midland by 681.1% in the first quarter. Point72 Asia Hong Kong Ltd now owns 3,398 shares of the company’s stock valued at $156,000 after buying an additional 2,963 shares in the last quarter. Finally, Carroll Financial Associates Inc. increased its stake in shares of Archer-Daniels-Midland by 24.7% in the second quarter. Carroll Financial Associates Inc. now owns 3,854 shares of the company’s stock valued at $159,000 after buying an additional 764 shares in the last quarter. Hedge funds and other institutional investors own 72.64% of the company’s stock.
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Archer-Daniels-Midland (NYSE:ADM) traded down 0.62% during midday trading on Friday, reaching $41.52. The company had a trading volume of 320,594 shares. The company has a market capitalization of $23.60 billion, a P/E ratio of 17.58 and a beta of 1.10. The firm has a 50-day moving average of $41.50 and a 200 day moving average of $43.48. Archer-Daniels-Midland has a 1-year low of $40.22 and a 1-year high of $47.88.
Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings results on Tuesday, May 2nd. The company reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $14.99 billion for the quarter, compared to analysts’ expectations of $15.15 billion. During the same period in the prior year, the company earned $0.42 EPS. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, equities research analysts forecast that Archer-Daniels-Midland will post $2.60 EPS for the current year.
Archer-Daniels-Midland Company Profile
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