JPMorgan Chase & Co. Begins Coverage on Archer Daniels Midland (NYSE:ADM)

Investment analysts at JPMorgan Chase & Co. began coverage on shares of Archer Daniels Midland (NYSE:ADM) in a research report issued to clients and investors on Wednesday, Marketbeat Ratings reports. The brokerage set a “neutral” rating and a $61.00 price target on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential downside of 0.20% from the company’s current price.

A number of other equities analysts also recently weighed in on ADM. Bank of America downgraded 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. Morgan Stanley upped their price target on Archer Daniels Midland from $47.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 12th. Wall Street Zen raised Archer Daniels Midland from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. UBS Group reissued a “buy” rating and issued a $70.00 price objective (up previously from $60.00) on shares of Archer Daniels Midland in a report on Monday, August 11th. Finally, Barclays raised Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $50.00 to $61.00 in a report on Wednesday, August 6th. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Archer Daniels Midland presently has a consensus rating of “Hold” and an average target price of $55.50.

Archer Daniels Midland Stock Performance

Shares of ADM stock opened at $61.1250 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.42 and a quick ratio of 0.90. The stock has a market cap of $29.37 billion, a PE ratio of 26.93, a price-to-earnings-growth ratio of 3.23 and a beta of 0.68. The stock has a 50-day moving average of $55.45 and a 200-day moving average of $50.13. Archer Daniels Midland has a one year low of $40.98 and a one year high of $62.61.

Archer Daniels Midland (NYSE:ADM) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.05. Archer Daniels Midland had a return on equity of 8.43% and a net margin of 1.33%.The company had revenue of $21.17 billion during the quarter, compared to analysts’ expectations of $21.56 billion. During the same period in the prior year, the business posted $1.03 EPS. Archer Daniels Midland’s revenue was down 4.9% on a year-over-year basis. Archer Daniels Midland has set its FY 2025 guidance at 4.000-4.000 EPS. As a group, sell-side analysts expect that Archer Daniels Midland will post 4.31 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. State Street Corp increased its position in shares of Archer Daniels Midland by 0.7% in the second quarter. State Street Corp now owns 34,617,404 shares of the company’s stock worth $1,827,107,000 after purchasing an additional 223,716 shares during the period. Wellington Management Group LLP increased its position in shares of Archer Daniels Midland by 17.9% in the first quarter. Wellington Management Group LLP now owns 24,944,136 shares of the company’s stock worth $1,197,568,000 after purchasing an additional 3,791,597 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Archer Daniels Midland by 3.6% in the second quarter. Charles Schwab Investment Management Inc. now owns 18,076,118 shares of the company’s stock worth $954,058,000 after purchasing an additional 620,794 shares during the period. Geode Capital Management LLC increased its position in shares of Archer Daniels Midland by 2.3% in the second quarter. Geode Capital Management LLC now owns 12,457,546 shares of the company’s stock worth $654,772,000 after purchasing an additional 283,207 shares during the period. Finally, Northern Trust Corp increased its position in shares of Archer Daniels Midland by 3.7% in the first quarter. Northern Trust Corp now owns 11,448,325 shares of the company’s stock worth $549,634,000 after purchasing an additional 413,314 shares during the period. Institutional investors own 78.28% of the company’s stock.

Archer Daniels Midland Company Profile

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.