Archer Daniels Midland (NYSE:ADM) Raised to “Hold” at Wall Street Zen

Archer Daniels Midland (NYSE:ADM) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

A number of other equities analysts have also issued reports on the stock. Bank of America lowered shares of Archer Daniels Midland from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $47.00 to $45.00 in a research report on Thursday, May 8th. UBS Group raised shares of Archer Daniels Midland from a “neutral” rating to a “buy” rating and raised their price target for the stock from $55.00 to $60.00 in a research report on Monday, May 19th. Citigroup reduced their price target on shares of Archer Daniels Midland from $51.00 to $49.00 and set a “neutral” rating for the company in a research report on Tuesday, April 15th. Finally, Barclays raised shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $50.00 to $61.00 in a report on Wednesday. One analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $51.86.

Archer Daniels Midland Stock Performance

ADM opened at $57.77 on Friday. Archer Daniels Midland has a 12-month low of $40.98 and a 12-month high of $62.61. The company has a current ratio of 1.42, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $27.76 billion, a PE ratio of 25.45, a P/E/G ratio of 3.08 and a beta of 0.68. The firm has a 50 day moving average of $53.34 and a two-hundred day moving average of $49.59.

Archer Daniels Midland (NYSE:ADM) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.05. Archer Daniels Midland had a net margin of 1.33% and a return on equity of 8.43%. The company had revenue of $21.17 billion during the quarter, compared to analyst estimates of $21.56 billion. During the same period last year, the firm posted $1.03 EPS. Archer Daniels Midland’s revenue for the quarter was down 4.9% compared to the same quarter last year. On average, analysts anticipate that Archer Daniels Midland will post 4.31 EPS for the current year.

Institutional Investors Weigh In On Archer Daniels Midland

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. S.A. Mason LLC acquired a new stake in Archer Daniels Midland in the 1st quarter worth about $25,000. Headlands Technologies LLC acquired a new stake in Archer Daniels Midland during the 1st quarter worth $25,000. SOA Wealth Advisors LLC. acquired a new stake in Archer Daniels Midland during the 2nd quarter worth $25,000. Trust Co. of Toledo NA OH acquired a new stake in Archer Daniels Midland during the 2nd quarter worth $32,000. Finally, ORG Partners LLC boosted its stake in Archer Daniels Midland by 297.2% during the 1st quarter. ORG Partners LLC now owns 699 shares of the company’s stock worth $34,000 after purchasing an additional 523 shares during the last quarter. Hedge funds and other institutional investors own 78.28% of the company’s stock.

About Archer Daniels Midland

Archer-Daniels-Midland Company engages in the procurement, transportation, storage, processing, and merchandising of agricultural commodities, ingredients, flavors, and solutions in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally. It operates in three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.