Archer Daniels Midland Company (NYSE:ADM) has been given a consensus rating of “Hold” by the twelve analysts that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $42.22.
Several equities research analysts have weighed in on the company. Citigroup downgraded Archer Daniels Midland from a “buy” rating to a “neutral” rating and raised their price target for the stock from $42.25 to $45.00 in a report on Thursday, September 28th. Piper Jaffray Companies set a $42.00 price target on Archer Daniels Midland and gave the stock a “hold” rating in a report on Sunday, October 1st. Monness Crespi & Hardt assumed coverage on Archer Daniels Midland in a report on Tuesday, October 24th. They issued a “sell” rating and a $38.00 price target for the company. Robert W. Baird reissued a “buy” rating and issued a $47.00 price target on shares of Archer Daniels Midland in a report on Wednesday, November 1st. Finally, BMO Capital Markets lowered their price target on Archer Daniels Midland from $41.00 to $36.00 and set a “market perform” rating for the company in a report on Wednesday, November 1st.
Large investors have recently made changes to their positions in the company. Acropolis Investment Management LLC raised its stake in shares of Archer Daniels Midland by 1,923.9% in the fourth quarter. Acropolis Investment Management LLC now owns 3,218 shares of the company’s stock worth $129,000 after purchasing an additional 3,059 shares during the last quarter. Sun Life Financial INC purchased a new position in shares of Archer Daniels Midland in the third quarter worth about $147,000. Fieldpoint Private Securities LLC purchased a new position in shares of Archer Daniels Midland in the third quarter worth about $188,000. DORCHESTER WEALTH MANAGEMENT Co purchased a new position in shares of Archer Daniels Midland in the third quarter worth about $202,000. Finally, Stratos Wealth Partners LTD. purchased a new position in shares of Archer Daniels Midland in the third quarter worth about $212,000. Hedge funds and other institutional investors own 76.03% of the company’s stock.
Archer Daniels Midland (NYSE:ADM) last issued its quarterly earnings data on Tuesday, October 31st. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.10). Archer Daniels Midland had a net margin of 2.01% and a return on equity of 7.86%. The company had revenue of $14.83 billion for the quarter, compared to the consensus estimate of $16 billion. During the same period in the previous year, the business earned $0.59 EPS. Archer Daniels Midland’s revenue for the quarter was down 6.3% compared to the same quarter last year. equities analysts expect that Archer Daniels Midland will post 2.33 EPS for the current year.
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Archer Daniels Midland Company Profile
Archer-Daniels-Midland Company is a processor of oilseeds, corn, wheat, cocoa and other agricultural commodities. The Company manufactures protein meal, vegetable oil, corn sweeteners, flour, biodiesel, ethanol, and other food and feed ingredients. Its segments include Agricultural Services, which utilizes its United States grain elevator, global transportation network and port operations to buy, store, clean and transport agricultural commodities, such as oilseeds, wheat, milo, oats, rice and barley, and resells these commodities primarily as food and feed ingredients and as raw materials for the agricultural processing industry; Corn Processing, which is engaged in corn wet milling and dry milling activities; Oilseeds Processing, which includes global activities related to the origination, merchandising, crushing and further processing of oilseeds; Wild Flavors and Specialty Ingredients products, which include flavors, sweeteners and health ingredients; Other, and Corporate.
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