Archer Daniels Midland (NYSE:ADM) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Monday.

According to Zacks, “Archer Daniels has lagged the sector year to date mainly due to dismal surprise history. Notably, the company has lagged sales estimates for more than three years now, alongside delivering negative earnings surprise in eight of the last 10 quarters. Not surprisingly, the company’s top and bottom lines missed estimates and decline year over year in third-quarter 2017. However, going into the fourth quarter, the company is transitioning from a period of costs and investments in acquisitions, new innovation centers and facilities, to focusing on reducing capital spending and increasing benefits from investments. Further, the company remains on track to exceed its cost savings target of nearly $225 million for 2017. Moreover, it remains committed to strengthen capacities and geographic spread, via buyouts and other organic expansions. These factors and the prospects from Project Readiness, position it to deliver solid bottom line growth in 2017.”

Other equities analysts have also recently issued research reports about the company. Monness Crespi & Hardt decreased their price objective on Archer Daniels Midland from $38.00 to $37.00 and set a “sell” rating for the company in a report on Wednesday, November 1st. Robert W. Baird restated a “buy” rating and issued a $47.00 price objective on shares of Archer Daniels Midland in a report on Wednesday, November 1st. Piper Jaffray Companies set a $39.00 price objective on Archer Daniels Midland and gave the company a “hold” rating in a report on Tuesday, October 31st. Stifel Nicolaus set a $45.00 price objective on Archer Daniels Midland and gave the company a “hold” rating in a report on Wednesday, November 1st. Finally, TheStreet cut Archer Daniels Midland from a “b-” rating to a “c+” rating in a report on Tuesday, October 31st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. Archer Daniels Midland has an average rating of “Hold” and an average price target of $42.22.

Archer Daniels Midland (NYSE ADM) traded down $0.36 during mid-day trading on Monday, reaching $40.20. The company’s stock had a trading volume of 262,178 shares, compared to its average volume of 3,063,559. The company has a market cap of $22,683.18, a PE ratio of 17.11 and a beta of 1.09. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.91 and a current ratio of 1.61. Archer Daniels Midland has a 52-week low of $38.59 and a 52-week high of $47.44.

Archer Daniels Midland (NYSE:ADM) last released its earnings results on Tuesday, October 31st. The company reported $0.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.10). The firm had revenue of $14.83 billion for the quarter, compared to the consensus estimate of $16 billion. Archer Daniels Midland had a return on equity of 7.86% and a net margin of 2.01%. Archer Daniels Midland’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter last year, the company posted $0.59 EPS. equities analysts expect that Archer Daniels Midland will post 2.34 earnings per share for the current year.

A number of large investors have recently modified their holdings of the stock. Xact Kapitalforvaltning AB lifted its position in Archer Daniels Midland by 1.7% during the third quarter. Xact Kapitalforvaltning AB now owns 87,103 shares of the company’s stock worth $3,703,000 after acquiring an additional 1,423 shares during the last quarter. BlackRock Inc. raised its position in shares of Archer Daniels Midland by 6.0% in the second quarter. BlackRock Inc. now owns 41,607,665 shares of the company’s stock valued at $1,721,723,000 after buying an additional 2,359,196 shares in the last quarter. Renaissance Group LLC raised its position in shares of Archer Daniels Midland by 14.4% in the second quarter. Renaissance Group LLC now owns 52,731 shares of the company’s stock valued at $2,182,000 after buying an additional 6,618 shares in the last quarter. American Century Companies Inc. raised its position in shares of Archer Daniels Midland by 1,325.9% in the third quarter. American Century Companies Inc. now owns 237,086 shares of the company’s stock valued at $10,079,000 after buying an additional 220,459 shares in the last quarter. Finally, Toronto Dominion Bank raised its position in shares of Archer Daniels Midland by 10.5% in the third quarter. Toronto Dominion Bank now owns 213,632 shares of the company’s stock valued at $9,081,000 after buying an additional 20,308 shares in the last quarter. Institutional investors and hedge funds own 76.22% of the company’s stock.

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