Archer Daniels Midland (NYSE:ADM) Raised to “Strong-Buy” at Zacks Research

Archer Daniels Midland (NYSE:ADM) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Thursday,Zacks.com reports.

ADM has been the subject of several other reports. Barclays boosted their target price on shares of Archer Daniels Midland from $85.00 to $90.00 and gave the company an “equal weight” rating in a research report on Wednesday. UBS Group lifted their price objective on shares of Archer Daniels Midland from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, June 15th. JPMorgan Chase & Co. boosted their price objective on shares of Archer Daniels Midland from $65.00 to $74.00 and gave the company an “underweight” rating in a research report on Wednesday, May 6th. Wall Street Zen upgraded Archer Daniels Midland from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, Morgan Stanley raised Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $60.00 to $79.00 in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Archer Daniels Midland presently has an average rating of “Hold” and an average target price of $79.67.

Archer Daniels Midland Trading Down 1.3%

Shares of NYSE:ADM opened at $76.53 on Thursday. Archer Daniels Midland has a 12-month low of $55.58 and a 12-month high of $88.46. The business has a 50 day moving average of $80.03 and a 200-day moving average of $74.37. The company has a quick ratio of 0.80, a current ratio of 1.39 and a debt-to-equity ratio of 0.27. The stock has a market cap of $36.89 billion, a PE ratio of 20.97 and a beta of 0.62.

Archer Daniels Midland (NYSE:ADM) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.84 EPS for the quarter, beating the consensus estimate of $1.49 by $0.35. Archer Daniels Midland had a net margin of 2.16% and a return on equity of 9.21%. The business had revenue of $22.68 billion for the quarter, compared to the consensus estimate of $22.75 billion. During the same period in the prior year, the company posted $0.93 earnings per share. Archer Daniels Midland’s revenue was up 7.2% compared to the same quarter last year. Archer Daniels Midland has set its FY 2026 guidance at 5.150-5.600 EPS. As a group, equities research analysts forecast that Archer Daniels Midland will post 5.45 earnings per share for the current year.

Institutional Trading of Archer Daniels Midland

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ADM. Kelleher Financial Advisors bought a new position in shares of Archer Daniels Midland in the 2nd quarter worth about $25,000. Motiv8 Investments LLC acquired a new position in shares of Archer Daniels Midland in the 4th quarter valued at about $26,000. Sankala Group LLC bought a new stake in shares of Archer Daniels Midland during the 4th quarter valued at about $28,000. Nalls Sherbakoff Group LLC acquired a new stake in Archer Daniels Midland during the fourth quarter worth approximately $29,000. Finally, Global Trust Asset Management LLC acquired a new stake in Archer Daniels Midland during the first quarter worth approximately $29,000. Institutional investors and hedge funds own 78.28% of the company’s stock.

About Archer Daniels Midland

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.