Archer Daniels Midland (ADM) Raised to Buy at ValuEngine

ValuEngine upgraded shares of Archer Daniels Midland (NYSE:ADM) from a hold rating to a buy rating in a research report report published on Friday morning.

A number of other research analysts have also weighed in on the company. Goldman Sachs raised Archer Daniels Midland from a neutral rating to a buy rating and raised their price objective for the company from $43.30 to $50.00 in a research report on Monday, March 12th. Vertical Group raised Archer Daniels Midland from a hold rating to a buy rating and set a $49.00 price objective for the company in a research report on Thursday, February 15th. Zacks Investment Research lowered Archer Daniels Midland from a hold rating to a sell rating in a research report on Monday, December 18th. Stifel Nicolaus reduced their price objective on Archer Daniels Midland from $44.00 to $43.00 and set a hold rating for the company in a research report on Monday, January 22nd. Finally, Citigroup raised Archer Daniels Midland from a neutral rating to a buy rating and raised their price objective for the company from $42.72 to $49.00 in a research report on Tuesday, March 6th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of $45.15.

Shares of NYSE:ADM opened at $45.47 on Friday. Archer Daniels Midland has a 52-week low of $38.59 and a 52-week high of $45.91. The company has a market capitalization of $25,259.54, a PE ratio of 18.71 and a beta of 1.01. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.59 and a quick ratio of 0.86.

Archer Daniels Midland (NYSE:ADM) last announced its 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 firm had revenue of $16.07 billion during the quarter, compared to analyst estimates of $16.64 billion. During the same quarter in the prior year, the company earned $0.75 EPS. The business’s revenue was down 2.6% compared to the same quarter last year. equities research analysts forecast that Archer Daniels Midland will post 2.88 EPS for the current year.

In other Archer Daniels Midland news, insider Ambrose Michael D sold 20,762 shares of Archer Daniels Midland stock in a transaction on Thursday, April 12th. The stock was sold at an average price of $45.00, for a total value of $934,290.00. Following the completion of the sale, the insider now owns 219,384 shares of the company’s stock, valued at approximately $9,872,280. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.94% of the stock is currently owned by company insiders.

Several institutional investors have recently bought and sold shares of ADM. Victory Capital Management Inc. increased its holdings in shares of Archer Daniels Midland by 27.8% in the 4th quarter. Victory Capital Management Inc. now owns 9,409,203 shares of the company’s stock worth $377,121,000 after purchasing an additional 2,044,941 shares in the last quarter. Schroder Investment Management Group increased its holdings in shares of Archer Daniels Midland by 153.8% in the 4th quarter. Schroder Investment Management Group now owns 3,179,178 shares of the company’s stock worth $127,421,000 after purchasing an additional 1,926,341 shares in the last quarter. Cambiar Investors LLC bought a new stake in shares of Archer Daniels Midland in the 4th quarter worth $51,411,000. Alps Advisors Inc. bought a new stake in shares of Archer Daniels Midland in the 4th quarter worth $46,268,000. Finally, Amundi Pioneer Asset Management Inc. bought a new stake in shares of Archer Daniels Midland in the 4th quarter worth $45,579,000. 77.46% of the stock is owned by institutional investors and hedge funds.

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Archer Daniels Midland Company Profile

Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States and internationally. It operates through four segments: Carbohydrate Solutions, Nutrition, Oilseeds, and Origination. The company offers oilseeds, corn, wheat, milo, oats, rice, and barley; and structured trade finance, as well as processes wheat into wheat flour.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Archer Daniels Midland (NYSE:ADM)

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