Archer Daniels Midland (NYSE:ADM) Rating Increased to Strong-Buy at Zacks Research

Archer Daniels Midland (NYSE:ADMGet Free Report) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

ADM has been the subject of several other research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Archer Daniels Midland in a research note on Wednesday, January 21st. UBS Group reaffirmed a “buy” rating on shares of Archer Daniels Midland in a research note on Monday, December 15th. JPMorgan Chase & Co. upped their target price on Archer Daniels Midland from $61.00 to $65.00 and gave the stock an “underweight” rating in a research note on Tuesday, March 24th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $63.00 target price on shares of Archer Daniels Midland in a research note on Wednesday, February 4th. Finally, Morgan Stanley cut Archer Daniels Midland from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $57.00 to $50.00 in a research note on Tuesday, December 16th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $62.00.

Check Out Our Latest Analysis on Archer Daniels Midland

Archer Daniels Midland Stock Down 1.8%

Shares of ADM opened at $72.09 on Monday. The firm has a market cap of $34.74 billion, a P/E ratio of 32.47, a P/E/G ratio of 0.90 and a beta of 0.65. The stock has a 50 day simple moving average of $69.34 and a two-hundred day simple moving average of $63.67. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.37 and a quick ratio of 0.83. Archer Daniels Midland has a 1 year low of $40.98 and a 1 year high of $74.19.

Archer Daniels Midland (NYSE:ADMGet Free Report) last issued its earnings results on Tuesday, February 3rd. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.07. The business had revenue of $18.56 billion during the quarter, compared to analyst estimates of $21.03 billion. Archer Daniels Midland had a return on equity of 7.39% and a net margin of 1.34%.Archer Daniels Midland’s revenue for the quarter was down 13.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.14 earnings per share. Archer Daniels Midland has set its FY 2026 guidance at 3.600-4.250 EPS. On average, analysts forecast that Archer Daniels Midland will post 4.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Archer Daniels Midland news, SVP Ian R. Pinner sold 34,106 shares of Archer Daniels Midland stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $71.53, for a total value of $2,439,602.18. Following the transaction, the senior vice president directly owned 90,676 shares of the company’s stock, valued at $6,486,054.28. The trade was a 27.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jennifer L. Weber sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $67.04, for a total value of $1,676,000.00. Following the transaction, the senior vice president directly owned 123,668 shares in the company, valued at $8,290,702.72. This trade represents a 16.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 109,106 shares of company stock valued at $7,539,602 over the last quarter. Company insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On Archer Daniels Midland

Several hedge funds have recently made changes to their positions in the business. Quadrant Capital Group LLC increased its stake in shares of Archer Daniels Midland by 0.6% during the fourth quarter. Quadrant Capital Group LLC now owns 23,166 shares of the company’s stock valued at $1,332,000 after buying an additional 146 shares during the period. Atlantic Union Bankshares Corp increased its stake in shares of Archer Daniels Midland by 5.1% during the fourth quarter. Atlantic Union Bankshares Corp now owns 3,127 shares of the company’s stock valued at $180,000 after buying an additional 153 shares during the period. Summit Financial LLC increased its stake in shares of Archer Daniels Midland by 0.9% during the fourth quarter. Summit Financial LLC now owns 16,947 shares of the company’s stock valued at $974,000 after buying an additional 153 shares during the period. Brookstone Capital Management raised its position in shares of Archer Daniels Midland by 4.5% in the 4th quarter. Brookstone Capital Management now owns 3,555 shares of the company’s stock worth $204,000 after acquiring an additional 154 shares in the last quarter. Finally, Checchi Capital Advisers LLC raised its position in shares of Archer Daniels Midland by 2.6% in the 4th quarter. Checchi Capital Advisers LLC now owns 6,436 shares of the company’s stock worth $370,000 after acquiring an additional 161 shares in the last quarter. 78.28% of the stock is owned by hedge funds and other institutional investors.

Archer Daniels Midland News Summary

Here are the key news stories impacting Archer Daniels Midland this week:

Archer Daniels Midland Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Archer Daniels Midland (NYSE:ADM)

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