JPMorgan Chase & Co. Raises Archer Daniels Midland (NYSE:ADM) Price Target to $60.00

Archer Daniels Midland (NYSE:ADM) had its price target boosted by stock analysts at JPMorgan Chase & Co. from $59.00 to $60.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential downside of 8.89% from the company’s current price.

Several other brokerages also recently commented on ADM. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Archer Daniels Midland in a research note on Wednesday, October 8th. Morgan Stanley downgraded Archer Daniels Midland from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $57.00 to $50.00 in a report on Tuesday, December 16th. Zacks Research cut Archer Daniels Midland from a “hold” rating to a “strong sell” rating in a report on Friday, November 7th. Finally, UBS Group reissued a “buy” rating on shares of Archer Daniels Midland in a research note on Monday, December 15th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, Archer Daniels Midland currently has an average rating of “Reduce” and a consensus target price of $54.50.

Archer Daniels Midland Trading Down 0.0%

Shares of NYSE:ADM traded down $0.02 during trading on Wednesday, reaching $65.86. 643,063 shares of the company traded hands, compared to its average volume of 3,571,333. The company has a current ratio of 1.37, a quick ratio of 0.92 and a debt-to-equity ratio of 0.29. Archer Daniels Midland has a 52-week low of $40.98 and a 52-week high of $66.63. The firm has a market capitalization of $31.65 billion, a price-to-earnings ratio of 26.85, a P/E/G ratio of 4.54 and a beta of 0.70. The business’s fifty day moving average is $59.80 and its 200-day moving average is $59.55.

Archer Daniels Midland (NYSE:ADM) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. The company had revenue of $20.37 billion during the quarter, compared to analyst estimates of $20.96 billion. Archer Daniels Midland had a net margin of 1.43% and a return on equity of 8.01%. The firm’s revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.09 EPS. Archer Daniels Midland has set its FY 2025 guidance at 3.250-3.500 EPS. As a group, analysts forecast that Archer Daniels Midland will post 4.31 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Robeco Institutional Asset Management B.V. raised its stake in Archer Daniels Midland by 193.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 557,621 shares of the company’s stock valued at $33,312,000 after purchasing an additional 367,293 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in Archer Daniels Midland by 10.9% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 508,956 shares of the company’s stock valued at $26,863,000 after buying an additional 49,954 shares in the last quarter. Generali Asset Management SPA SGR raised its position in shares of Archer Daniels Midland by 146.4% during the third quarter. Generali Asset Management SPA SGR now owns 41,989 shares of the company’s stock valued at $2,508,000 after buying an additional 24,946 shares during the last quarter. Inspire Advisors LLC bought a new stake in shares of Archer Daniels Midland during the second quarter valued at approximately $3,060,000. Finally, New York State Teachers Retirement System lifted its holdings in shares of Archer Daniels Midland by 11.7% in the third quarter. New York State Teachers Retirement System now owns 432,047 shares of the company’s stock worth $25,810,000 after buying an additional 45,279 shares in the last quarter. 78.28% of the stock is owned by hedge funds and other institutional investors.

About Archer Daniels Midland

Archer Daniels Midland Company (ADM) is a global agricultural processor and food-ingredient provider that sources, transports and processes oilseeds, corn, wheat and other agricultural commodities. The company operates large-scale crushing, refining and processing facilities that produce vegetable oils, protein meals, corn sweeteners, starches, ethanol, animal feeds and a wide range of food and industrial ingredients. ADM also develops specialty ingredients and solutions for human and animal nutrition, food and beverage formulation, and industrial applications such as bio-based materials and renewable fuels.

ADM’s business combines commodity origination and merchandising with downstream manufacturing and ingredient formulation.