Archer Daniels Midland (NYSE:ADM) Rating Lowered to Hold at Zacks Research

Archer Daniels Midland (NYSE:ADM) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

Other research analysts have also issued reports about the stock. JPMorgan Chase & Co. raised their price objective on shares of Archer Daniels Midland from $65.00 to $74.00 and gave the stock an “underweight” rating in a report on Wednesday, May 6th. Barclays upped their target price on shares of Archer Daniels Midland from $77.00 to $85.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Archer Daniels Midland in a research report on Monday, April 20th. UBS Group lifted their price target on Archer Daniels Midland from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, June 15th. Finally, Morgan Stanley upped their price objective on Archer Daniels Midland from $54.00 to $58.00 and gave the company an “underweight” rating in a research note on Wednesday, May 6th. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Archer Daniels Midland presently has a consensus rating of “Reduce” and a consensus target price of $75.33.

Archer Daniels Midland Price Performance

ADM stock opened at $76.05 on Monday. The stock’s 50 day moving average is $76.72 and its two-hundred day moving average is $69.66. Archer Daniels Midland has a 52-week low of $51.34 and a 52-week high of $85.37. The company has a market capitalization of $36.65 billion, a PE ratio of 34.10 and a beta of 0.60. The company has a quick ratio of 0.80, a current ratio of 1.31 and a debt-to-equity ratio of 0.28.

Archer Daniels Midland (NYSE:ADM) last released its earnings results on Tuesday, May 5th. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.66 by $0.05. Archer Daniels Midland had a return on equity of 7.37% and a net margin of 1.34%.The company had revenue of $20.49 billion during the quarter, compared to analysts’ expectations of $21.35 billion. During the same period in the prior year, the business posted $0.70 EPS. The business’s revenue was up 1.6% on a year-over-year basis. Archer Daniels Midland has set its FY 2026 guidance at 4.150-4.70 EPS. Analysts predict that Archer Daniels Midland will post 4.43 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Toth Financial Advisory Corp bought a new position in Archer Daniels Midland in the fourth quarter worth about $25,000. Motiv8 Investments LLC bought a new position in shares of Archer Daniels Midland during the fourth quarter valued at approximately $26,000. Sankala Group LLC bought a new position in shares of Archer Daniels Midland during the fourth quarter valued at approximately $28,000. Nalls Sherbakoff Group LLC acquired a new stake in shares of Archer Daniels Midland during the 4th quarter worth approximately $29,000. Finally, Global Trust Asset Management LLC bought a new stake in shares of Archer Daniels Midland in the 1st quarter worth approximately $29,000. 78.28% of the stock is owned by institutional investors and hedge funds.

Archer Daniels Midland Company Profile

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.