Archer-Daniels-Midland Company (ADM) Downgraded to C+ at TheStreet

Archer-Daniels-Midland Company (NYSE:ADM) was downgraded by investment analysts at TheStreet from a “b-” rating to a “c+” rating in a research report issued on Tuesday.

Other equities analysts have also recently issued research reports about the stock. BMO Capital Markets cut their price target on shares of Archer-Daniels-Midland from $41.00 to $36.00 and set a “market perform” rating for the company in a research note on Wednesday. Robert W. Baird reiterated a “buy” rating and set a $47.00 price target on shares of Archer-Daniels-Midland in a report on Wednesday. Stifel Nicolaus set a $45.00 price target on shares of Archer-Daniels-Midland and gave the company a “hold” rating in a report on Wednesday. Piper Jaffray Companies set a $39.00 price target on shares of Archer-Daniels-Midland and gave the company a “hold” rating in a report on Tuesday. Finally, Monness Crespi & Hardt reduced their price objective on shares of Archer-Daniels-Midland from $38.00 to $37.00 and set a “sell” rating on the stock in a research report on Wednesday. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. Archer-Daniels-Midland has an average rating of “Hold” and an average price target of $41.53.

Archer-Daniels-Midland (NYSE:ADM) last released its quarterly earnings results 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 firm 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 earnings per share. The firm’s revenue for the quarter was down 6.3% on a year-over-year basis.

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A number of institutional investors and hedge funds have recently modified their holdings of the stock. American Century Companies Inc. lifted its position in 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 worth $10,079,000 after buying an additional 220,459 shares during the last quarter. Chicago Equity Partners LLC lifted its position in shares of Archer-Daniels-Midland by 410.6% during the third quarter. Chicago Equity Partners LLC now owns 84,920 shares of the company’s stock worth $3,610,000 after purchasing an additional 68,290 shares during the last quarter. Polaris Greystone Financial Group LLC lifted its position in shares of Archer-Daniels-Midland by 1.0% during the third quarter. Polaris Greystone Financial Group LLC now owns 396,809 shares of the company’s stock worth $16,868,000 after purchasing an additional 3,783 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in shares of Archer-Daniels-Midland by 3.0% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 84,504 shares of the company’s stock worth $3,592,000 after purchasing an additional 2,456 shares during the last quarter. Finally, Kornitzer Capital Management Inc. KS bought a new stake in shares of Archer-Daniels-Midland during the third quarter worth $3,294,000. Institutional investors own 72.57% of the company’s stock.

Archer-Daniels-Midland Company Profile

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