JPMorgan Chase & Co. Raises Archer Daniels Midland (NYSE:ADM) Price Target to $60.00

Archer Daniels Midland (NYSE:ADM) had its price target boosted by JPMorgan Chase & Co. from $59.00 to $60.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential downside of 10.58% from the stock’s previous close.

Several other equities analysts have also issued reports on ADM. Morgan Stanley lowered Archer Daniels Midland from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $57.00 to $50.00 in a report on Tuesday, December 16th. UBS Group restated a “buy” rating on shares of Archer Daniels Midland in a research note on Monday, December 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Archer Daniels Midland in a research note on Wednesday, October 8th. Finally, Zacks Research lowered shares of Archer Daniels Midland from a “hold” rating to a “strong sell” rating in a research report on Friday, November 7th. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $54.50.

Archer Daniels Midland Trading Down 0.9%

NYSE ADM opened at $67.10 on Wednesday. The company has a quick ratio of 0.92, a current ratio of 1.37 and a debt-to-equity ratio of 0.29. Archer Daniels Midland has a 52 week low of $40.98 and a 52 week high of $68.05. The business has a 50 day moving average price of $60.16 and a 200-day moving average price of $59.66. The company has a market cap of $32.25 billion, a price-to-earnings ratio of 27.39, a P/E/G ratio of 4.73 and a beta of 0.70.

Archer Daniels Midland (NYSE:ADM) last posted its earnings results on Tuesday, November 4th. The company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. Archer Daniels Midland had a net margin of 1.43% and a return on equity of 8.01%. The company had revenue of $20.37 billion for the quarter, compared to analyst estimates of $20.96 billion. During the same quarter in the prior year, the business posted $1.09 EPS. The firm’s revenue was up 2.2% compared to the same quarter last year. Archer Daniels Midland has set its FY 2025 guidance at 3.250-3.500 EPS. As a group, equities analysts expect that Archer Daniels Midland will post 4.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Archer Daniels Midland

Several hedge funds have recently bought and sold shares of the company. IRON Financial LLC boosted its holdings in Archer Daniels Midland by 8.5% in the 4th quarter. IRON Financial LLC now owns 4,457 shares of the company’s stock valued at $256,000 after purchasing an additional 350 shares during the period. Capital Investment Advisory Services LLC raised its position in shares of Archer Daniels Midland by 2.8% in the fourth quarter. Capital Investment Advisory Services LLC now owns 23,610 shares of the company’s stock worth $1,357,000 after buying an additional 652 shares in the last quarter. Groesbeck Investment Management Corp NJ bought a new stake in Archer Daniels Midland during the fourth quarter valued at $65,000. Apella Capital LLC grew its position in Archer Daniels Midland by 17.1% during the fourth quarter. Apella Capital LLC now owns 3,921 shares of the company’s stock worth $225,000 after buying an additional 572 shares in the last quarter. Finally, Sound Income Strategies LLC increased its stake in Archer Daniels Midland by 6.9% in the 4th quarter. Sound Income Strategies LLC now owns 51,246 shares of the company’s stock worth $2,946,000 after acquiring an additional 3,328 shares during the last quarter. Hedge funds and other institutional investors own 78.28% of the company’s stock.

About Archer Daniels Midland

Archer Daniels Midland Company (ADM) is a global agricultural processor and food-ingredient provider that sources, transports and processes oilseeds, corn, wheat and other agricultural commodities. The company operates large-scale crushing, refining and processing facilities that produce vegetable oils, protein meals, corn sweeteners, starches, ethanol, animal feeds and a wide range of food and industrial ingredients. ADM also develops specialty ingredients and solutions for human and animal nutrition, food and beverage formulation, and industrial applications such as bio-based materials and renewable fuels.

ADM’s business combines commodity origination and merchandising with downstream manufacturing and ingredient formulation.