Archer Daniels Midland (NYSE:ADM) Price Target Raised to $77.00

Archer Daniels Midland (NYSE:ADM) had its target price raised by stock analysts at Barclays from $68.00 to $77.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price target would indicate a potential upside of 6.26% from the company’s current price.

ADM has been the subject of several other reports. UBS Group reiterated a “buy” rating on shares of Archer Daniels Midland in a research note on Monday, December 15th. Zacks Research raised shares of Archer Daniels Midland from a “strong sell” rating to a “hold” rating in a research report on Friday, January 23rd. JPMorgan Chase & Co. raised their price objective on Archer Daniels Midland from $61.00 to $65.00 and gave the company an “underweight” rating in a research report on Tuesday, March 24th. BMO Capital Markets restated a “market perform” rating and set a $63.00 price objective on shares of Archer Daniels Midland in a research note on Wednesday, February 4th. Finally, Morgan Stanley lowered Archer Daniels Midland from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $57.00 to $50.00 in a research note on Tuesday, December 16th. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $59.86.

Archer Daniels Midland Trading Down 0.3%

ADM stock traded down $0.23 during trading on Wednesday, reaching $72.46. 1,493,314 shares of the stock traded hands, compared to its average volume of 4,038,891. The firm has a market capitalization of $34.92 billion, a PE ratio of 32.63, a P/E/G ratio of 0.88 and a beta of 0.68. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.37 and a quick ratio of 0.83. The business’s 50 day moving average price is $68.79 and its 200-day moving average price is $63.26. Archer Daniels Midland has a 52-week low of $40.98 and a 52-week high of $74.19.

Archer Daniels Midland (NYSE:ADM) last released its quarterly earnings data on Tuesday, February 3rd. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.07. The business had revenue of $18.56 billion for 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%.The company’s revenue was down 13.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.14 EPS. Archer Daniels Midland has set its FY 2026 guidance at 3.600-4.250 EPS. As a group, sell-side analysts forecast that Archer Daniels Midland will post 4.31 earnings per share for the current year.

Insiders Place Their Bets

In other news, SVP Ian R. Pinner sold 34,106 shares of the stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $71.53, for a total transaction of $2,439,602.18. Following the completion of the transaction, the senior vice president directly owned 90,676 shares in the company, valued at approximately $6,486,054.28. This represents a 27.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Gregory A. Morris sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $68.48, for a total transaction of $3,424,000.00. Following the sale, the senior vice president directly owned 300,122 shares of the company’s stock, valued at $20,552,354.56. The trade was a 14.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 109,106 shares of company stock valued at $7,539,602 in the last three months. 0.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Archer Daniels Midland

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

About Archer Daniels Midland

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.