Archer Daniels Midland (ADM) Receiving Somewhat Positive News Coverage, Analysis Shows
Media headlines about Archer Daniels Midland (NYSE:ADM) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Archer Daniels Midland earned a daily sentiment score of 0.09 on Accern’s scale. Accern also gave news headlines about the company an impact score of 45.4208343495836 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:
- U.S. farmers have much to lose if NAFTA deal collapses (finance.yahoo.com)
- Reviewing Archer Daniels Midland (ADM) and B&G Foods (BGS) (americanbankingnews.com)
- Glencore, China group lie in wait as ADM enters grain merger fray (reuters.com)
- Archer Daniels’ (ADM) New Innovation Center to Woo Customers (finance.yahoo.com)
- ADM opens customer innovation center in Singapore (westernfarmpress.com)
A number of brokerages have issued reports on ADM. Zacks Investment Research cut Archer Daniels Midland from a “hold” rating to a “sell” rating in a research note on Monday, December 18th. TheStreet cut Archer Daniels Midland from a “b-” rating to a “c+” rating in a research note on Tuesday, October 31st. BMO Capital Markets lowered their price objective on Archer Daniels Midland from $41.00 to $36.00 and set a “market perform” rating for the company in a research note on Wednesday, November 1st. Monness Crespi & Hardt lowered their price objective on Archer Daniels Midland from $38.00 to $37.00 and set a “sell” rating for the company in a research note on Wednesday, November 1st. Finally, Piper Jaffray Companies set a $42.00 price objective on Archer Daniels Midland and gave the company a “hold” rating in a research note on Sunday, October 1st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $41.97.
Archer Daniels Midland (NYSE:ADM) last posted its earnings results on Tuesday, October 31st. The company reported $0.45 EPS for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.10). The business had revenue of $14.83 billion during the quarter, compared to the consensus estimate of $16 billion. Archer Daniels Midland had a return on equity of 7.86% and a net margin of 2.01%. The firm’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.59 EPS. sell-side analysts expect that Archer Daniels Midland will post 2.32 earnings per share for the current year.
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About Archer Daniels Midland
Archer-Daniels-Midland Company is a processor of oilseeds, corn, wheat, cocoa and other agricultural commodities. The Company manufactures protein meal, vegetable oil, corn sweeteners, flour, biodiesel, ethanol, and other food and feed ingredients. Its segments include Agricultural Services, which utilizes its United States grain elevator, global transportation network and port operations to buy, store, clean and transport agricultural commodities, such as oilseeds, wheat, milo, oats, rice and barley, and resells these commodities primarily as food and feed ingredients and as raw materials for the agricultural processing industry; Corn Processing, which is engaged in corn wet milling and dry milling activities; Oilseeds Processing, which includes global activities related to the origination, merchandising, crushing and further processing of oilseeds; Wild Flavors and Specialty Ingredients products, which include flavors, sweeteners and health ingredients; Other, and Corporate.
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