Equities researchers at Robert W. Baird started coverage on shares of Archer-Daniels-Midland Company (NYSE:ADM) in a research report issued on Monday, September 11th, MarketBeat reports. The brokerage set an “outperform” rating and a $50.00 price target on the stock. Robert W. Baird’s price target would suggest a potential upside of 15.42% from the stock’s previous close.
A number of other equities analysts also recently commented on ADM. Zacks Investment Research upgraded Archer-Daniels-Midland from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. BidaskClub upgraded Archer-Daniels-Midland from a “sell” rating to a “hold” rating in a research report on Thursday, August 17th. Argus downgraded Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research report on Thursday, June 1st. Stifel Nicolaus restated a “hold” rating and issued a $45.00 target price (up previously from $40.00) on shares of Archer-Daniels-Midland in a research report on Thursday, August 3rd. Finally, Piper Jaffray Companies set a $42.00 target price on Archer-Daniels-Midland and gave the company a “hold” rating in a research report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $44.22.
Archer-Daniels-Midland (NYSE ADM) opened at 43.29 on Monday. The firm has a market cap of $24.35 billion, a P/E ratio of 18.30 and a beta of 1.11. The firm’s 50-day moving average is $42.32 and its 200 day moving average is $42.88. Archer-Daniels-Midland has a 12-month low of $40.22 and a 12-month high of $47.88.
Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings results on Tuesday, August 1st. The company reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.05. The firm had revenue of $14.94 billion for the quarter, compared to analyst estimates of $15.86 billion. Archer-Daniels-Midland had a return on equity of 8.40% and a net margin of 2.22%. The business’s revenue was down 4.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.41 earnings per share. Equities analysts forecast that Archer-Daniels-Midland will post $2.59 earnings per share for the current year.
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Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Archer-Daniels-Midland by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 44,408,946 shares of the company’s stock worth $1,837,642,000 after acquiring an additional 1,011,097 shares in the last quarter. BlackRock Inc. boosted its position in shares of Archer-Daniels-Midland by 6.0% during the 2nd quarter. BlackRock Inc. now owns 41,607,665 shares of the company’s stock worth $1,721,723,000 after acquiring an additional 2,359,196 shares in the last quarter. Macquarie Group Ltd. boosted its position in shares of Archer-Daniels-Midland by 1.2% during the 1st quarter. Macquarie Group Ltd. now owns 16,974,063 shares of the company’s stock worth $781,486,000 after acquiring an additional 207,704 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Archer-Daniels-Midland by 23.1% during the 2nd quarter. Victory Capital Management Inc. now owns 6,447,977 shares of the company’s stock worth $266,817,000 after acquiring an additional 1,208,413 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Archer-Daniels-Midland by 0.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,396,427 shares of the company’s stock worth $223,276,000 after acquiring an additional 24,589 shares in the last quarter. 72.86% of the stock is owned by institutional investors and hedge funds.
Archer-Daniels-Midland Company Profile
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