Archer-Daniels-Midland Company (NYSE:ADM) had its price target reduced by research analysts at Monness Crespi & Hardt from $38.00 to $37.00 in a note issued to investors on Wednesday, November 1st, Marketbeat Ratings reports. The firm currently has a “sell” rating on the stock. Monness Crespi & Hardt’s price target suggests a potential downside of 6.89% from the stock’s current price.
ADM has been the topic of a number of other reports. Credit Suisse Group lowered their target price on Archer-Daniels-Midland from $45.00 to $42.00 and set a “neutral” rating on the stock in a research note on Thursday, August 31st. Zacks Investment Research upgraded Archer-Daniels-Midland from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 4th. Citigroup Inc. lowered Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $42.25 to $45.00 in a report on Thursday, September 28th. Robert W. Baird assumed coverage on Archer-Daniels-Midland in a report on Monday, September 11th. They set an “outperform” rating and a $50.00 price objective for the company. Finally, Piper Jaffray Companies set a $42.00 price objective on Archer-Daniels-Midland and gave the company a “hold” rating in a research report on Sunday, October 1st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $42.22.
Shares of Archer-Daniels-Midland (ADM) traded down $0.19 during mid-day trading on Wednesday, hitting $39.74. 2,524,200 shares of the stock traded hands, compared to its average volume of 3,025,773. The firm has a market cap of $22,330.87, a P/E ratio of 16.85 and a beta of 1.11. Archer-Daniels-Midland has a one year low of $39.10 and a one year high of $47.44. The company has a current ratio of 1.61, a quick ratio of 0.91 and a debt-to-equity ratio of 0.38.
Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings data on Tuesday, October 31st. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $14.83 billion for the quarter, compared to the consensus estimate of $16 billion. During the same quarter last year, the business posted $0.59 earnings per share. Archer-Daniels-Midland’s revenue was down 6.3% on a year-over-year basis. equities analysts expect that Archer-Daniels-Midland will post 2.36 EPS for the current year.
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Several large investors have recently added to or reduced their stakes in ADM. Enterprise Financial Services Corp grew its holdings in Archer-Daniels-Midland by 17.7% during the 2nd quarter. Enterprise Financial Services Corp now owns 2,526 shares of the company’s stock valued at $105,000 after buying an additional 380 shares in the last quarter. Manchester Capital Management LLC grew its holdings in Archer-Daniels-Midland by 28.3% during the 2nd quarter. Manchester Capital Management LLC now owns 2,718 shares of the company’s stock valued at $112,000 after buying an additional 600 shares in the last quarter. Sun Life Financial INC purchased a new position in Archer-Daniels-Midland during the 3rd quarter valued at approximately $147,000. Carroll Financial Associates Inc. lifted its stake in shares of Archer-Daniels-Midland by 24.7% in the 2nd quarter. Carroll Financial Associates Inc. now owns 3,854 shares of the company’s stock valued at $159,000 after purchasing an additional 764 shares during the last quarter. Finally, V Wealth Management LLC lifted its stake in shares of Archer-Daniels-Midland by 0.5% in the 2nd quarter. V Wealth Management LLC now owns 4,486 shares of the company’s stock valued at $184,000 after purchasing an additional 22 shares during the last quarter. Hedge funds and other institutional investors own 73.34% of the company’s stock.
Archer-Daniels-Midland Company Profile
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