Archer Daniels Midland (ADM) Lifted to “Buy” at Vertical Group

Archer Daniels Midland (NYSE:ADM) was upgraded by investment analysts at Vertical Group from a “hold” rating to a “buy” rating in a research report issued on Thursday, The Fly reports.

ADM has been the topic of a number of other research reports. Stephens upgraded Archer Daniels Midland from an “equal weight” rating to an “overweight” rating in a report on Wednesday, February 7th. Zacks Investment Research lowered Archer Daniels Midland from a “hold” rating to a “sell” rating in a report on Monday, December 18th. TheStreet lowered Archer Daniels Midland from a “b-” rating to a “c+” rating in a report on Tuesday, October 31st. Robert W. Baird raised their target price on Archer Daniels Midland from $47.00 to $49.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. Finally, BMO Capital Markets dropped their target price on Archer Daniels Midland from $41.00 to $36.00 and set a “market perform” rating on the stock in a report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $42.22.

Shares of Archer Daniels Midland (NYSE ADM) traded up $1.19 during trading hours on Thursday, reaching $43.01. The company’s stock had a trading volume of 1,156,233 shares, compared to its average volume of 3,877,958. The company has a market capitalization of $23,119.41, a price-to-earnings ratio of 15.36 and a beta of 1.11. The company has a current ratio of 9.60, a quick ratio of 0.91 and a debt-to-equity ratio of 0.36. Archer Daniels Midland has a 1-year low of $38.59 and a 1-year high of $47.44.

Archer Daniels Midland (NYSE:ADM) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.12. Archer Daniels Midland had a return on equity of 7.91% and a net margin of 2.62%. The business had revenue of $16.07 billion for the quarter, compared to analyst estimates of $16.64 billion. During the same quarter in the prior year, the company earned $0.75 earnings per share. The company’s quarterly revenue was down 2.6% on a year-over-year basis. equities research analysts expect that Archer Daniels Midland will post 2.76 earnings per share for the current year.

A number of institutional investors have recently modified their holdings of the stock. Advisory Services Network LLC lifted its holdings in Archer Daniels Midland by 10.8% during the second quarter. Advisory Services Network LLC now owns 7,139 shares of the company’s stock worth $295,000 after acquiring an additional 695 shares during the period. Hermes Investment Management Ltd. lifted its holdings in Archer Daniels Midland by 6.1% during the fourth quarter. Hermes Investment Management Ltd. now owns 20,950 shares of the company’s stock worth $840,000 after acquiring an additional 1,200 shares during the period. First Manhattan Co. lifted its holdings in Archer Daniels Midland by 23.3% during the fourth quarter. First Manhattan Co. now owns 6,609 shares of the company’s stock worth $264,000 after acquiring an additional 1,251 shares during the period. Perpetual Ltd lifted its holdings in Archer Daniels Midland by 25.0% during the second quarter. Perpetual Ltd now owns 6,500 shares of the company’s stock worth $269,000 after acquiring an additional 1,300 shares during the period. Finally, Nordea Investment Management AB lifted its holdings in Archer Daniels Midland by 3.9% during the third quarter. Nordea Investment Management AB now owns 34,489 shares of the company’s stock worth $1,466,000 after acquiring an additional 1,307 shares during the period. Institutional investors and hedge funds own 76.71% of the company’s stock.

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Archer Daniels Midland Company Profile

Archer-Daniels-Midland Company is a processor of oilseeds, corn, wheat, cocoa and other agricultural commodities. The Company manufactures protein meal, vegetable oil, corn sweeteners, flour, biodiesel, ethanol, and other food and feed ingredients. Its segments include Agricultural Services, which utilizes its United States grain elevator, global transportation network and port operations to buy, store, clean and transport agricultural commodities, such as oilseeds, wheat, milo, oats, rice and barley, and resells these commodities primarily as food and feed ingredients and as raw materials for the agricultural processing industry; Corn Processing, which is engaged in corn wet milling and dry milling activities; Oilseeds Processing, which includes global activities related to the origination, merchandising, crushing and further processing of oilseeds; Wild Flavors and Specialty Ingredients products, which include flavors, sweeteners and health ingredients; Other, and Corporate.

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Analyst Recommendations for Archer Daniels Midland (NYSE:ADM)

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