Shares of Archer Daniels Midland Co (NYSE:ADM) have been given a consensus rating of “Hold” by the ten analysts that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $44.11.
Several brokerages recently commented on ADM. Stephens began coverage on Archer Daniels Midland in a report on Thursday, July 9th. They issued a “buy” rating and a $52.00 price objective for the company. Barclays began coverage on Archer Daniels Midland in a report on Tuesday, June 30th. They issued an “overweight” rating and a $52.00 price objective for the company. Credit Suisse Group lowered Archer Daniels Midland from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $40.00 to $39.00 in a report on Monday, July 27th. Seaport Global Securities assumed coverage on Archer Daniels Midland in a report on Tuesday, July 28th. They issued a “buy” rating and a $51.00 price objective for the company. Finally, Stifel Nicolaus lowered their target price on Archer Daniels Midland from $48.00 to $47.00 and set a “buy” rating on the stock in a research report on Tuesday, June 30th.
In other news, SVP Christopher M. Cuddy sold 1,929 shares of the business’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $42.76, for a total value of $82,484.04. Following the transaction, the senior vice president now directly owns 169,264 shares in the company, valued at $7,237,728.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Pierre Dufour acquired 1,070 shares of the stock in a transaction dated Tuesday, May 12th. The stock was acquired at an average price of $35.20 per share, for a total transaction of $37,664.00. Following the completion of the transaction, the director now directly owns 7,700 shares of the company’s stock, valued at $271,040. The disclosure for this purchase can be found here. 1.27% of the stock is currently owned by insiders.
Several institutional investors have recently made changes to their positions in ADM. Quadrant Capital Group LLC lifted its position in shares of Archer Daniels Midland by 19.5% in the fourth quarter. Quadrant Capital Group LLC now owns 2,962 shares of the company’s stock valued at $128,000 after acquiring an additional 483 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its position in shares of Archer Daniels Midland by 34.5% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 2,782 shares of the company’s stock worth $97,000 after buying an additional 714 shares in the last quarter. Bangor Savings Bank lifted its position in shares of Archer Daniels Midland by 4.9% in the first quarter. Bangor Savings Bank now owns 9,675 shares of the company’s stock worth $340,000 after buying an additional 456 shares in the last quarter. State of Alaska Department of Revenue lifted its position in shares of Archer Daniels Midland by 7.5% in the first quarter. State of Alaska Department of Revenue now owns 216,312 shares of the company’s stock worth $7,609,000 after buying an additional 15,166 shares in the last quarter. Finally, IBM Retirement Fund lifted its position in shares of Archer Daniels Midland by 60.8% in the first quarter. IBM Retirement Fund now owns 13,070 shares of the company’s stock worth $460,000 after buying an additional 4,944 shares in the last quarter. Institutional investors and hedge funds own 76.39% of the company’s stock.
Shares of ADM opened at $42.83 on Friday. The stock’s 50-day simple moving average is $40.26 and its 200 day simple moving average is $39.19. The stock has a market capitalization of $23.79 billion, a price-to-earnings ratio of 13.60 and a beta of 0.93. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.00 and a current ratio of 18.35. Archer Daniels Midland has a 52-week low of $28.92 and a 52-week high of $47.20.
Archer Daniels Midland (NYSE:ADM) last posted its earnings results on Wednesday, July 29th. The company reported $0.85 EPS for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.34. Archer Daniels Midland had a return on equity of 10.81% and a net margin of 2.75%. The business had revenue of $16.28 billion during the quarter, compared to analyst estimates of $16.41 billion. During the same quarter last year, the company earned $0.60 EPS. The company’s quarterly revenue was down .1% compared to the same quarter last year. On average, research analysts forecast that Archer Daniels Midland will post 2.9 earnings per share for the current fiscal year.
Archer Daniels Midland Company Profile
Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States and internationally. The company operates through four segments: Origination, Oilseeds, Carbohydrate Solutions, and Nutrition. It buys, stores, cleans, and transports agricultural commodities, such as oilseeds, corn, wheat, milo, oats, rice, and barley, as well as resells these commodities primarily as food and feed ingredients and as raw materials for the agricultural processing industry.
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