Archer-Daniels-Midland Company (NYSE:ADM) had its price target reduced by equities research analysts at Monness Crespi & Hardt from $38.00 to $37.00 in a note issued to investors on Wednesday, November 1st, MarketBeat reports. The brokerage presently has a “sell” rating on the stock. Monness Crespi & Hardt’s price target would indicate a potential downside of 5.61% from the company’s previous close.
A number of other analysts also recently weighed in on ADM. Zacks Investment Research upgraded shares of Archer-Daniels-Midland from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 4th. Citigroup Inc. restated a “buy” rating on shares of Archer-Daniels-Midland in a report on Wednesday, July 12th. Credit Suisse Group set a $45.00 target price on shares of Archer-Daniels-Midland and gave the stock a “hold” rating in a report on Tuesday, July 18th. Stifel Nicolaus reaffirmed a “hold” rating and set a $40.00 price target (down from $41.00) on shares of Archer-Daniels-Midland in a research note on Saturday, July 22nd. Finally, BidaskClub raised shares of Archer-Daniels-Midland from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $42.22.
Shares of Archer-Daniels-Midland (NYSE:ADM) traded down $0.22 during mid-day trading on Wednesday, hitting $39.20. 2,965,658 shares of the stock traded hands, compared to its average volume of 3,035,795. The company has a quick ratio of 0.91, a current ratio of 1.61 and a debt-to-equity ratio of 0.38. The company has a market cap of $21,940.00, a P/E ratio of 16.63 and a beta of 1.10. Archer-Daniels-Midland has a 12-month low of $38.59 and a 12-month high of $47.44.
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 analysts’ consensus estimates of $0.55 by ($0.10). The company had revenue of $14.83 billion during the quarter, compared to the consensus estimate of $16 billion. Archer-Daniels-Midland had a net margin of 2.01% and a return on equity of 7.86%. The business’s revenue was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.59 earnings per share. equities analysts expect that Archer-Daniels-Midland will post 2.35 earnings per share for the current year.
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Several hedge funds and other institutional investors have recently bought and sold shares of the stock. V Wealth Management LLC raised its stake in shares of Archer-Daniels-Midland by 0.5% during the 2nd quarter. V Wealth Management LLC now owns 4,486 shares of the company’s stock worth $184,000 after acquiring an additional 22 shares in the last quarter. Hefty Wealth Partners raised its stake in shares of Archer-Daniels-Midland by 0.5% during the 2nd quarter. Hefty Wealth Partners now owns 4,704 shares of the company’s stock worth $194,000 after acquiring an additional 24 shares in the last quarter. Lowe Brockenbrough & Co. Inc. raised its stake in shares of Archer-Daniels-Midland by 0.6% during the 1st quarter. Lowe Brockenbrough & Co. Inc. now owns 10,084 shares of the company’s stock worth $464,000 after acquiring an additional 58 shares in the last quarter. ING Groep NV raised its stake in shares of Archer-Daniels-Midland by 0.3% during the 2nd quarter. ING Groep NV now owns 29,478 shares of the company’s stock worth $1,220,000 after acquiring an additional 76 shares in the last quarter. Finally, Good Life Advisors LLC raised its stake in shares of Archer-Daniels-Midland by 1.0% during the 2nd quarter. Good Life Advisors LLC now owns 9,323 shares of the company’s stock worth $378,000 after acquiring an additional 90 shares in the last quarter. Hedge funds and other institutional investors own 73.51% of the company’s stock.
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