Archer Daniels Midland (NYSE:ADM) Price Target Raised to $60.00

by · The Cerbat Gem

Archer Daniels Midland (NYSE:ADM – Free Report) had its price target increased by JPMorgan Chase & Co. from $59.00 to $60.00 in a research note released on Wednesday,Benzinga reports. They currently have an underweight rating on the stock.

ADM has been the topic of several other research reports. UBS Group reissued a “buy” rating on shares of Archer Daniels Midland in a research report on Monday, December 15th. Morgan Stanley cut shares of Archer Daniels Midland from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $57.00 to $50.00 in a report on Tuesday, December 16th. Weiss Ratings restated a “hold (c)” rating on shares of Archer Daniels Midland in a research report on Wednesday, October 8th. Finally, Zacks Research downgraded shares of Archer Daniels Midland from a “hold” rating to a “strong sell” rating in a research report on Friday, November 7th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce” and an average target price of $54.50.

View Our Latest Analysis on ADM

Archer Daniels Midland Trading Up 0.6%

Shares of NYSE:ADM opened at $67.52 on Wednesday. Archer Daniels Midland has a 52 week low of $40.98 and a 52 week high of $68.06. The company’s 50 day moving average is $60.34 and its two-hundred day moving average is $59.75. The company has a market cap of $32.45 billion, a PE ratio of 27.56, a P/E/G ratio of 4.69 and a beta of 0.70. The company has a current ratio of 1.37, a quick ratio of 0.92 and a debt-to-equity ratio of 0.29.

Archer Daniels Midland (NYSE:ADM – Get Free Report) last issued its earnings results on Tuesday, November 4th. The company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. Archer Daniels Midland had a net margin of 1.43% and a return on equity of 8.01%. The firm had revenue of $20.37 billion during the quarter, compared to the consensus estimate of $20.96 billion. During the same quarter in the previous year, the firm posted $1.09 earnings per share. The company’s revenue was up 2.2% compared to the same quarter last year. Archer Daniels Midland has set its FY 2025 guidance at 3.250-3.500 EPS. Equities analysts predict that Archer Daniels Midland will post 4.31 earnings per share for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 11th. Investors of record on Wednesday, November 19th were given a $0.51 dividend. The ex-dividend date was Wednesday, November 19th. This represents a $2.04 annualized dividend and a yield of 3.0%. Archer Daniels Midland’s dividend payout ratio is 83.27%.

Institutional Investors Weigh In On Archer Daniels Midland

Institutional investors and hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC grew its holdings in shares of Archer Daniels Midland by 83.8% during the fourth quarter. Farther Finance Advisors LLC now owns 9,379 shares of the company’s stock worth $539,000 after buying an additional 4,276 shares during the last quarter. Lester Murray Antman dba SimplyRich acquired a new stake in Archer Daniels Midland during the 4th quarter worth approximately $233,000. State of Alaska Department of Revenue grew its stake in shares of Archer Daniels Midland by 16.9% in the 4th quarter. State of Alaska Department of Revenue now owns 60,353 shares of the company’s stock valued at $3,469,000 after purchasing an additional 8,705 shares during the last quarter. Stanley Laman Group Ltd. increased its holdings in shares of Archer Daniels Midland by 3.7% in the fourth quarter. Stanley Laman Group Ltd. now owns 69,131 shares of the company’s stock valued at $3,974,000 after purchasing an additional 2,456 shares during the period. Finally, Burney Co. raised its stake in shares of Archer Daniels Midland by 4.1% during the fourth quarter. Burney Co. now owns 14,762 shares of the company’s stock worth $849,000 after purchasing an additional 584 shares during the last quarter. 78.28% of the stock is owned by hedge funds and other institutional investors.

About Archer Daniels Midland

(Get Free Report)

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.

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