Archer-Daniels-Midland Company (ADM) Given a $42.00 Price Target at Piper Jaffray Companies
Archer-Daniels-Midland Company (NYSE:ADM) has been assigned a $42.00 target price by investment analysts at Piper Jaffray Companies in a note issued to investors on Sunday. The brokerage presently has a “hold” rating on the stock. Piper Jaffray Companies’ target price indicates a potential downside of 1.20% from the company’s current price.
Several other equities research analysts also recently weighed in on ADM. Zacks Investment Research upgraded shares of Archer-Daniels-Midland from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Citigroup Inc. downgraded Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and upped their price target for the stock from $42.25 to $45.00 in a research report on Thursday. BidaskClub raised Archer-Daniels-Midland from a “sell” rating to a “hold” rating in a research report on Thursday, August 17th. Stifel Nicolaus reiterated a “hold” rating and set a $45.00 price objective (up previously from $40.00) on shares of Archer-Daniels-Midland in a report on Thursday, August 3rd. Finally, Robert W. Baird initiated 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 target on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $44.31.
Shares of Archer-Daniels-Midland (NYSE:ADM) traded up 0.176% during midday trading on Friday, reaching $42.585. The company’s stock had a trading volume of 1,581,147 shares. Archer-Daniels-Midland has a 52-week low of $40.22 and a 52-week high of $47.88. The stock has a 50-day moving average price of $42.32 and a 200-day moving average price of $42.88. The stock has a market cap of $23.96 billion, a price-to-earnings ratio of 18.006 and a beta of 1.12.
Archer-Daniels-Midland (NYSE:ADM) last announced its earnings results on Tuesday, August 1st. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.05. Archer-Daniels-Midland had a return on equity of 8.40% and a net margin of 2.22%. The business had revenue of $14.94 billion for the quarter, compared to analysts’ expectations of $15.86 billion. During the same quarter last year, the firm earned $0.41 EPS. The business’s revenue for the quarter was down 4.4% on a year-over-year basis. Equities research analysts anticipate that Archer-Daniels-Midland will post $2.56 earnings per share for the current fiscal year.
Institutional investors have recently bought and sold shares of the business. Guardian Life Insurance Co. of America raised its position in shares of Archer-Daniels-Midland by 0.4% during the 1st quarter. Guardian Life Insurance Co. of America now owns 2,206 shares of the company’s stock worth $102,000 after acquiring an additional 8 shares in the last quarter. Enterprise Financial Services Corp boosted its holdings in shares of Archer-Daniels-Midland by 17.7% in the 2nd quarter. Enterprise Financial Services Corp now owns 2,526 shares of the company’s stock valued at $105,000 after buying an additional 380 shares in the last quarter. Manchester Capital Management LLC boosted its holdings in shares of Archer-Daniels-Midland by 28.3% in the 2nd quarter. Manchester Capital Management LLC now owns 2,718 shares of the company’s stock valued at $112,000 after buying an additional 600 shares in the last quarter. Point72 Asia Hong Kong Ltd grew its position in shares of Archer-Daniels-Midland by 681.1% in the 1st quarter. Point72 Asia Hong Kong Ltd now owns 3,398 shares of the company’s stock valued at $156,000 after buying an additional 2,963 shares during the last quarter. Finally, Carroll Financial Associates Inc. grew its position in shares of Archer-Daniels-Midland by 24.7% in the 2nd quarter. Carroll Financial Associates Inc. now owns 3,854 shares of the company’s stock valued at $159,000 after buying an additional 764 shares during the last quarter. Institutional investors own 72.86% of the company’s stock.
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