Archer Daniels Midland (NYSE:ADM) Lowered to Hold Rating by Zacks Research

Archer Daniels Midland (NYSE:ADM) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

Several other analysts also recently issued reports on the company. UBS Group lifted their target price on Archer Daniels Midland from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, June 15th. Barclays increased their price objective on shares of Archer Daniels Midland from $77.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. JPMorgan Chase & Co. upped their price target on shares of Archer Daniels Midland from $65.00 to $74.00 and gave the stock an “underweight” rating in a report on Wednesday, May 6th. Weiss Ratings restated a “hold (c)” rating on shares of Archer Daniels Midland in a report on Monday, April 20th. Finally, Wall Street Zen raised shares of Archer Daniels Midland from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $75.33.

Archer Daniels Midland Stock Performance

ADM opened at $76.05 on Monday. The company has a 50 day simple moving average of $76.72 and a two-hundred day simple moving average of $69.66. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.31 and a quick ratio of 0.80. The firm has a market cap of $36.65 billion, a P/E ratio of 34.10 and a beta of 0.60. Archer Daniels Midland has a 1-year low of $51.34 and a 1-year high of $85.37.

Archer Daniels Midland (NYSE:ADM) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.66 by $0.05. Archer Daniels Midland had a net margin of 1.34% and a return on equity of 7.37%. The firm had revenue of $20.49 billion for the quarter, compared to the consensus estimate of $21.35 billion. During the same period last year, the firm earned $0.70 EPS. The company’s revenue was up 1.6% on a year-over-year basis. Archer Daniels Midland has set its FY 2026 guidance at 4.150-4.70 EPS. Equities analysts forecast that Archer Daniels Midland will post 4.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Archer Daniels Midland

Several hedge funds have recently modified their holdings of ADM. Quadrant Capital Group LLC boosted its holdings in Archer Daniels Midland by 0.6% in the 4th quarter. Quadrant Capital Group LLC now owns 23,166 shares of the company’s stock worth $1,332,000 after acquiring an additional 146 shares during the period. Atlantic Union Bankshares Corp boosted its stake in shares of Archer Daniels Midland by 5.1% in the fourth quarter. Atlantic Union Bankshares Corp now owns 3,127 shares of the company’s stock valued at $180,000 after purchasing an additional 153 shares during the period. Summit Financial LLC grew its holdings in Archer Daniels Midland by 0.9% during the 4th quarter. Summit Financial LLC now owns 16,947 shares of the company’s stock valued at $974,000 after purchasing an additional 153 shares in the last quarter. Brookstone Capital Management grew its holdings in Archer Daniels Midland by 4.5% during the 4th quarter. Brookstone Capital Management now owns 3,555 shares of the company’s stock valued at $204,000 after purchasing an additional 154 shares in the last quarter. Finally, Checchi Capital Advisers LLC increased its stake in Archer Daniels Midland by 2.6% during the 4th quarter. Checchi Capital Advisers LLC now owns 6,436 shares of the company’s stock worth $370,000 after buying an additional 161 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.