Archer-Daniels-Midland (NYSE:ADM – Get Rating) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Thursday.
Several other brokerages also recently issued reports on ADM. Bank of America cut their price objective on Archer-Daniels-Midland from $104.00 to $100.00 and set a “neutral” rating for the company in a research report on Monday, October 24th. Robert W. Baird boosted their price target on Archer-Daniels-Midland from $94.00 to $98.00 and gave the company an “outperform” rating in a report on Wednesday, October 26th. Wolfe Research assumed coverage on Archer-Daniels-Midland in a report on Friday, August 12th. They issued an “outperform” rating and a $117.00 price target for the company. Finally, Seaport Res Ptn reiterated a “buy” rating on shares of Archer-Daniels-Midland in a report on Wednesday, July 27th. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $91.00.
Archer-Daniels-Midland Price Performance
Shares of NYSE:ADM opened at $95.80 on Thursday. The business’s 50 day simple moving average is $87.59 and its 200-day simple moving average is $84.84. The firm has a market capitalization of $52.63 billion, a price-to-earnings ratio of 13.21, a price-to-earnings-growth ratio of 1.82 and a beta of 0.78. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.51 and a quick ratio of 0.93. Archer-Daniels-Midland has a 12 month low of $61.80 and a 12 month high of $98.88.
Archer-Daniels-Midland (NYSE:ADM – Get Rating) last issued its quarterly earnings data on Tuesday, October 25th. The company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.45. Archer-Daniels-Midland had a return on equity of 17.75% and a net margin of 4.16%. The firm had revenue of $24.68 billion during the quarter, compared to the consensus estimate of $22.21 billion. During the same period in the previous year, the firm posted $0.97 EPS. The company’s quarterly revenue was up 21.4% compared to the same quarter last year. As a group, equities analysts forecast that Archer-Daniels-Midland will post 7.19 earnings per share for the current fiscal year.
Insider Buying and Selling at Archer-Daniels-Midland
In other Archer-Daniels-Midland news, SVP Gregory A. Morris sold 117,839 shares of the company’s stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $83.47, for a total value of $9,836,021.33. Following the completion of the transaction, the senior vice president now directly owns 231,454 shares of the company’s stock, valued at approximately $19,319,465.38. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, SVP Gregory A. Morris sold 117,839 shares of the company’s stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $83.47, for a total value of $9,836,021.33. Following the sale, the senior vice president now owns 231,454 shares in the company, valued at approximately $19,319,465.38. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Juan R. Luciano sold 300,000 shares of the company’s stock in a transaction dated Wednesday, October 26th. The shares were sold at an average price of $93.38, for a total transaction of $28,014,000.00. Following the completion of the sale, the chief executive officer now owns 412,842 shares in the company, valued at approximately $38,551,185.96. The disclosure for this sale can be found here. Insiders sold a total of 702,470 shares of company stock valued at $63,808,063 in the last ninety days. Insiders own 1.20% of the company’s stock.
Institutional Investors Weigh In On Archer-Daniels-Midland
A number of institutional investors have recently modified their holdings of the stock. Creative Financial Designs Inc. ADV raised its stake in Archer-Daniels-Midland by 10.0% during the third quarter. Creative Financial Designs Inc. ADV now owns 1,215 shares of the company’s stock worth $98,000 after acquiring an additional 110 shares during the period. CVA Family Office LLC raised its stake in Archer-Daniels-Midland by 42.6% during the first quarter. CVA Family Office LLC now owns 385 shares of the company’s stock worth $35,000 after acquiring an additional 115 shares during the period. Bangor Savings Bank raised its stake in Archer-Daniels-Midland by 0.6% during the third quarter. Bangor Savings Bank now owns 19,603 shares of the company’s stock worth $1,577,000 after acquiring an additional 119 shares during the period. Benjamin Edwards Inc. raised its stake in Archer-Daniels-Midland by 8.0% during the third quarter. Benjamin Edwards Inc. now owns 1,629 shares of the company’s stock worth $131,000 after acquiring an additional 121 shares during the period. Finally, Contravisory Investment Management Inc. raised its stake in Archer-Daniels-Midland by 2.3% during the third quarter. Contravisory Investment Management Inc. now owns 5,346 shares of the company’s stock worth $430,000 after acquiring an additional 122 shares during the period. Institutional investors and hedge funds own 78.10% of the company’s stock.
Archer-Daniels-Midland Company Profile
Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States, Switzerland, Cayman Islands, Brazil, Mexico, the United Kingdom, and internationally. The company operates through three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.