Analysts Set Archer Daniels Midland Company (ADM) Price Target at $42.22

Archer Daniels Midland Company (NYSE:ADM) has been given a consensus rating of “Hold” by the twelve research firms that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $41.97.

A number of analysts recently issued reports on the stock. Zacks Investment Research raised shares of Archer Daniels Midland from a “sell” rating to a “hold” rating in a report on Tuesday, October 24th. Monness Crespi & Hardt assumed coverage on shares of Archer Daniels Midland in a report on Tuesday, October 24th. They set a “sell” rating and a $38.00 price target on the stock. Citigroup downgraded shares of Archer Daniels Midland from a “buy” rating to a “neutral” rating and increased 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 objective on shares of Archer Daniels Midland and gave the company a “hold” rating in a report on Sunday, October 1st. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $43.00 price objective (down from $44.00) on shares of Archer Daniels Midland in a report on Monday.

Shares of Archer Daniels Midland (ADM) traded up $1.79 during midday trading on Friday, reaching $42.75. 7,330,000 shares of the company were exchanged, compared to its average volume of 3,380,000. Archer Daniels Midland has a 12-month low of $38.59 and a 12-month high of $47.44. The stock has a market capitalization of $23,910.00, a P/E ratio of 20.07 and a beta of 1.09. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.61 and a quick ratio of 0.91.

Archer Daniels Midland (NYSE:ADM) last announced its quarterly earnings results on Tuesday, October 31st. The company reported $0.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.10). Archer Daniels Midland had a return on equity of 7.86% and a net margin of 2.01%. The firm had revenue of $14.83 billion for the quarter, compared to analysts’ expectations of $16 billion. During the same period last year, the company posted $0.59 earnings per share. The business’s quarterly revenue was down 6.3% on a year-over-year basis. equities analysts predict that Archer Daniels Midland will post 2.33 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of ADM. Acropolis Investment Management LLC lifted its holdings in Archer Daniels Midland by 1,923.9% during the fourth quarter. Acropolis Investment Management LLC now owns 3,218 shares of the company’s stock valued at $129,000 after purchasing an additional 3,059 shares in the last quarter. Sun Life Financial INC purchased a new position in Archer Daniels Midland during the third quarter valued at $147,000. Fieldpoint Private Securities LLC purchased a new position in Archer Daniels Midland during the third quarter valued at $188,000. DORCHESTER WEALTH MANAGEMENT Co purchased a new position in Archer Daniels Midland during the third quarter valued at $202,000. Finally, Stratos Wealth Partners LTD. purchased a new position in Archer Daniels Midland during the third quarter valued at $212,000. 76.04% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Archer Daniels Midland (NYSE:ADM)

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