Barclays Boosts Archer Daniels Midland (NYSE:ADM) Price Target to $77.00

Archer Daniels Midland (NYSE:ADM) had its price objective increased by Barclays from $68.00 to $77.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s target price would indicate a potential upside of 4.26% from the company’s previous close.

A number of other research firms also recently commented on ADM. UBS Group reiterated a “buy” rating on shares of Archer Daniels Midland in a report on Monday, December 15th. JPMorgan Chase & Co. upped their price target on Archer Daniels Midland from $61.00 to $65.00 and gave the company an “underweight” rating in a report on Tuesday, March 24th. BMO Capital Markets reiterated a “market perform” rating and issued a $63.00 price target on shares of Archer Daniels Midland in a research note on Wednesday, February 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Archer Daniels Midland in a report on Wednesday, January 21st. Finally, Zacks Research upgraded shares of Archer Daniels Midland from a “strong sell” rating to a “hold” rating in a report on Friday, January 23rd. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $59.86.

Archer Daniels Midland Price Performance

Archer Daniels Midland stock opened at $73.86 on Wednesday. The stock has a market cap of $35.59 billion, a P/E ratio of 33.27, a price-to-earnings-growth ratio of 0.89 and a beta of 0.65. The company has a fifty day simple moving average of $69.01 and a 200-day simple moving average of $63.40. Archer Daniels Midland has a 12-month low of $40.98 and a 12-month high of $74.19. The company has a current ratio of 1.37, a quick ratio of 0.83 and a debt-to-equity ratio of 0.29.

Archer Daniels Midland (NYSE:ADM) last posted its earnings results on Tuesday, February 3rd. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.80 by $0.07. The firm had revenue of $18.56 billion for the quarter, compared to analyst estimates of $21.03 billion. Archer Daniels Midland had a return on equity of 7.39% and a net margin of 1.34%.Archer Daniels Midland’s revenue for the quarter was down 13.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.14 earnings per share. Archer Daniels Midland has set its FY 2026 guidance at 3.600-4.250 EPS. Equities analysts expect that Archer Daniels Midland will post 4.31 EPS for the current fiscal year.

Insider Transactions at Archer Daniels Midland

In other Archer Daniels Midland news, Director David R. Mcatee II bought 7,500 shares of the stock in a transaction dated Thursday, February 5th. The shares were acquired at an average cost of $64.90 per share, for a total transaction of $486,750.00. Following the completion of the transaction, the director owned 7,500 shares in the company, valued at approximately $486,750. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Gregory A. Morris sold 50,000 shares of Archer Daniels Midland stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $68.48, for a total transaction of $3,424,000.00. Following the completion of the transaction, the senior vice president directly owned 300,122 shares in the company, valued at $20,552,354.56. The trade was a 14.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 109,106 shares of company stock worth $7,539,602. 1.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Toth Financial Advisory Corp purchased a new stake in shares of Archer Daniels Midland in the fourth quarter valued at about $25,000. Motiv8 Investments LLC acquired a new stake in shares of Archer Daniels Midland during the fourth quarter worth about $26,000. Sankala Group LLC purchased a new position in shares of Archer Daniels Midland during the fourth quarter worth about $28,000. Nalls Sherbakoff Group LLC acquired a new position in Archer Daniels Midland in the 4th quarter valued at about $29,000. Finally, Trust Co. of Vermont increased its position in Archer Daniels Midland by 367.0% in the 3rd quarter. Trust Co. of Vermont now owns 509 shares of the company’s stock valued at $30,000 after acquiring an additional 400 shares during the period. 78.28% of the stock is owned by hedge funds and other institutional investors.

Archer Daniels Midland Company Profile

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.