Archer Daniels Midland (NYSE:ADM) Upgraded to Hold at ValuEngine

ValuEngine upgraded shares of Archer Daniels Midland (NYSE:ADM) from a sell rating to a hold rating in a report released on Thursday morning, ValuEngine reports.

A number of other brokerages have also recently issued reports on ADM. Stifel Nicolaus decreased their price objective on shares of Archer Daniels Midland from $56.00 to $51.00 and set a buy rating for the company in a report on Wednesday, June 26th. BMO Capital Markets upgraded shares of Archer Daniels Midland from a market perform rating to an outperform rating and upped their price target for the company from $50.00 to $51.00 in a report on Monday, April 29th. Buckingham Research reduced their price target on shares of Archer Daniels Midland from $53.00 to $51.00 and set a buy rating for the company in a report on Friday, July 19th. Robert W. Baird reiterated an outperform rating and issued a $48.00 price target (down previously from $54.00) on shares of Archer Daniels Midland in a report on Monday, April 29th. Finally, Zacks Investment Research upgraded shares of Archer Daniels Midland from a sell rating to a hold rating in a report on Tuesday, April 9th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Archer Daniels Midland currently has an average rating of Buy and an average target price of $49.75.

NYSE ADM traded down $1.08 during trading on Thursday, reaching $40.07. 7,796,500 shares of the stock traded hands, compared to its average volume of 3,631,358. The company has a market capitalization of $22.94 billion, a price-to-earnings ratio of 11.45 and a beta of 1.03. The firm’s 50-day moving average is $41.06. The company has a current ratio of 1.52, a quick ratio of 0.85 and a debt-to-equity ratio of 0.41. Archer Daniels Midland has a fifty-two week low of $37.77 and a fifty-two week high of $52.06.

Archer Daniels Midland (NYSE:ADM) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.60 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.01). The firm had revenue of $16.30 billion for the quarter, compared to analyst estimates of $16.79 billion. Archer Daniels Midland had a net margin of 2.57% and a return on equity of 9.83%. The firm’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.02 EPS. As a group, equities analysts anticipate that Archer Daniels Midland will post 3.01 EPS for the current fiscal year.

Several hedge funds have recently made changes to their positions in the company. Usca Ria LLC bought a new stake in shares of Archer Daniels Midland in the second quarter worth $7,044,000. Cornerstone Wealth Management LLC lifted its position in shares of Archer Daniels Midland by 12.4% in the second quarter. Cornerstone Wealth Management LLC now owns 22,042 shares of the company’s stock worth $897,000 after purchasing an additional 2,433 shares in the last quarter. F3Logic LLC lifted its position in shares of Archer Daniels Midland by 29.5% in the second quarter. F3Logic LLC now owns 40,925 shares of the company’s stock worth $1,685,000 after purchasing an additional 9,317 shares in the last quarter. LFA Lugano Financial Advisors SA lifted its position in shares of Archer Daniels Midland by 10.3% in the second quarter. LFA Lugano Financial Advisors SA now owns 16,177 shares of the company’s stock worth $660,000 after purchasing an additional 1,512 shares in the last quarter. Finally, John G Ullman & Associates Inc. lifted its position in shares of Archer Daniels Midland by 419.1% in the second quarter. John G Ullman & Associates Inc. now owns 122,000 shares of the company’s stock worth $4,977,000 after purchasing an additional 98,500 shares in the last quarter. 75.77% of the stock is currently owned by institutional investors and hedge funds.

Archer Daniels Midland Company Profile

Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States and internationally. The company operates through four segments: Origination, Oilseeds, Carbohydrate Solutions, and Nutrition. It buys, stores, cleans, and transports agricultural commodities, such as oilseeds, corn, wheat, milo, oats, rice, and barley, as well as resells these commodities primarily as food and feed ingredients and as raw materials for the agricultural processing industry.

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Analyst Recommendations for Archer Daniels Midland (NYSE:ADM)

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