Archer-Daniels-Midland Company (NYSE:ADM) received a $42.00 target price from equities researchers at Piper Jaffray Companies in a research note issued on Sunday, October 1st. The brokerage presently has a “hold” rating on the stock. Piper Jaffray Companies’ target price indicates a potential downside of 4.55% from the company’s previous close.

A number of other research firms have also weighed in on ADM. Citigroup Inc. restated a “buy” rating on shares of Archer-Daniels-Midland in a research note on Wednesday, July 12th. Zacks Investment Research lowered shares of Archer-Daniels-Midland from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. BidaskClub upgraded shares of Archer-Daniels-Midland from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. Robert W. Baird started coverage on shares of Archer-Daniels-Midland in a research note on Monday, September 11th. They set an “outperform” rating and a $50.00 price objective for the company. Finally, Stifel Nicolaus restated a “hold” rating and set a $40.00 price objective (down from $41.00) on shares of Archer-Daniels-Midland in a research note on Saturday, July 22nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $43.47.

Archer-Daniels-Midland (NYSE ADM) traded up 1.29% during trading on Friday, reaching $44.00. 3,327,416 shares of the company traded hands. The firm’s 50 day moving average price is $42.88 and its 200 day moving average price is $42.68. Archer-Daniels-Midland has a 12-month low of $40.22 and a 12-month high of $47.88. The firm has a market capitalization of $24.75 billion, a price-to-earnings ratio of 18.60 and a beta of 1.12.

Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings results on Tuesday, August 1st. The company reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.05. The company had revenue of $14.94 billion during the quarter, compared to analyst estimates of $15.86 billion. Archer-Daniels-Midland had a net margin of 2.22% and a return on equity of 8.40%. Archer-Daniels-Midland’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same period last year, the business earned $0.41 EPS. Equities research analysts expect that Archer-Daniels-Midland will post $2.54 earnings per share for the current year.

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Several institutional investors and hedge funds have recently bought and sold shares of ADM. BlackRock Inc. boosted its holdings in shares of Archer-Daniels-Midland by 1,027.8% in the first quarter. BlackRock Inc. now owns 39,248,469 shares of the company’s stock worth $1,806,998,000 after buying an additional 35,768,331 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Archer-Daniels-Midland by 4.0% in the first quarter. Vanguard Group Inc. now owns 43,397,849 shares of the company’s stock worth $1,998,037,000 after buying an additional 1,672,627 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Archer-Daniels-Midland by 23.1% in the second quarter. Victory Capital Management Inc. now owns 6,447,977 shares of the company’s stock worth $266,817,000 after buying an additional 1,208,413 shares during the last quarter. Hexavest Inc. purchased a new position in Archer-Daniels-Midland during the second quarter valued at approximately $40,385,000. Finally, Prudential Financial Inc. lifted its holdings in Archer-Daniels-Midland by 86.5% during the second quarter. Prudential Financial Inc. now owns 2,082,100 shares of the company’s stock valued at $86,157,000 after purchasing an additional 965,900 shares in the last quarter. 72.89% of the stock is currently owned by institutional investors.

Archer-Daniels-Midland Company Profile

Analyst Recommendations for Archer-Daniels-Midland (NYSE:ADM)

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