Vetr upgraded shares of Archer Daniels Midland Co. (NYSE:ADM) from a buy rating to a strong-buy rating in a research note published on Wednesday morning.
A number of other research analysts also recently issued reports on the company. BB&T Corp. initiated coverage on Archer Daniels Midland in a report on Tuesday, July 12th. They set a hold rating on the stock. Argus raised Archer Daniels Midland from a hold rating to a buy rating and upped their price target for the company from $43.93 to $54.00 in a report on Thursday, August 4th. Macquarie upped their price target on Archer Daniels Midland from $45.00 to $50.00 and gave the company an outperform rating in a report on Monday, August 29th. Finally, Zacks Investment Research downgraded Archer Daniels Midland from a strong-buy rating to a hold rating in a report on Tuesday, July 5th. Eleven equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Archer Daniels Midland has a consensus rating of Hold and a consensus target price of $45.07.
Shares of Archer Daniels Midland (NYSE:ADM) opened at 43.59 on Wednesday. Archer Daniels Midland has a 12 month low of $29.86 and a 12 month high of $46.29. The stock’s 50 day moving average is $42.44 and its 200 day moving average is $41.99. The firm has a market cap of $25.36 billion, a P/E ratio of 17.63 and a beta of 1.02.
Archer Daniels Midland (NYSE:ADM) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by $0.04. The business had revenue of $15.63 billion for the quarter, compared to the consensus estimate of $16.57 billion. Archer Daniels Midland had a net margin of 2.35% and a return on equity of 6.88%. The company’s revenue for the quarter was down 9.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.60 earnings per share. Equities research analysts expect that Archer Daniels Midland will post $2.19 EPS for the current year.
Hedge funds have recently added to or reduced their stakes in the company. FNY Managed Accounts LLC acquired a new stake in Archer Daniels Midland during the third quarter valued at about $110,000. Evercore Wealth Management LLC boosted its stake in Archer Daniels Midland by 6.2% in the second quarter. Evercore Wealth Management LLC now owns 2,581 shares of the company’s stock valued at $111,000 after buying an additional 151 shares in the last quarter. Pinkerton Retirement Specialists LLC boosted its stake in Archer Daniels Midland by 9,300.0% in the second quarter. Pinkerton Retirement Specialists LLC now owns 2,726 shares of the company’s stock valued at $117,000 after buying an additional 2,697 shares in the last quarter. Washington Trust Bank boosted its stake in Archer Daniels Midland by 0.6% in the third quarter. Washington Trust Bank now owns 3,091 shares of the company’s stock valued at $130,000 after buying an additional 17 shares in the last quarter. Finally, Independent Portfolio Consultants Inc. boosted its stake in Archer Daniels Midland by 6.6% in the second quarter. Independent Portfolio Consultants Inc. now owns 4,055 shares of the company’s stock valued at $174,000 after buying an additional 250 shares in the last quarter. Hedge funds and other institutional investors own 72.78% of the company’s stock.
Archer Daniels Midland Company Profile