Wall Street Zen Upgrades Archer Daniels Midland (NYSE:ADM) to “Strong-Buy”

by · The Markets Daily

Archer Daniels Midland (NYSE:ADM – Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

A number of other brokerages have also issued reports on ADM. Zacks Research upgraded shares of Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. Weiss Ratings raised shares of Archer Daniels Midland from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 5th. Morgan Stanley upgraded shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $60.00 to $79.00 in a report on Wednesday, August 5th. Barclays increased their target price on shares of Archer Daniels Midland from $85.00 to $90.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 5th. Finally, UBS Group raised their price target on shares of Archer Daniels Midland from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Archer Daniels Midland presently has an average rating of “Hold” and an average price target of $79.67.

View Our Latest Stock Report on Archer Daniels Midland

Archer Daniels Midland Trading Up 0.1%

ADM opened at $81.22 on Friday. Archer Daniels Midland has a 52 week low of $55.58 and a 52 week high of $88.75. The business has a fifty day simple moving average of $82.51 and a 200-day simple moving average of $78.13. The firm has a market cap of $39.14 billion, a P/E ratio of 22.25, a P/E/G ratio of 2.47 and a beta of 0.62. The company has a quick ratio of 0.86, a current ratio of 1.39 and a debt-to-equity ratio of 0.27.

Archer Daniels Midland (NYSE:ADM – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.35. Archer Daniels Midland had a return on equity of 9.21% and a net margin of 2.16%.The firm had revenue of $22.68 billion for the quarter, compared to the consensus estimate of $22.75 billion. During the same quarter in the previous year, the business earned $0.93 EPS. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. Archer Daniels Midland has set its FY 2026 guidance at 5.150-5.600 EPS. On average, equities analysts expect that Archer Daniels Midland will post 5.46 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in Archer Daniels Midland in the second quarter valued at $3,409,089,000. Wellington Management Group LLP boosted its stake in Archer Daniels Midland by 2.2% in the second quarter. Wellington Management Group LLP now owns 17,670,220 shares of the company’s stock valued at $1,350,005,000 after acquiring an additional 382,460 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Archer Daniels Midland by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 12,628,065 shares of the company’s stock worth $723,175,000 after purchasing an additional 109,556 shares during the last quarter. Norges Bank acquired a new stake in shares of Archer Daniels Midland during the fourth quarter worth about $402,743,000. Finally, Victory Capital Management Inc. increased its position in shares of Archer Daniels Midland by 831.3% during the fourth quarter. Victory Capital Management Inc. now owns 5,592,030 shares of the company’s stock worth $321,486,000 after purchasing an additional 4,991,550 shares in the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

About Archer Daniels Midland

(Get Free Report)

Archer Daniels Midland Company (NYSE: ADM) is a global agricultural origination and processing company. Founded in 1902, ADM connects farmers and agricultural markets with food, beverage, animal nutrition and industrial customers by sourcing, transporting, storing and processing crops and other agricultural commodities.

The company’s operations include the processing of oilseeds such as soybeans, canola and sunflower seeds into vegetable oils, protein meals and other ingredients. ADM also produces corn and wheat-based sweeteners, starches, flours, fibers and other carbohydrate products, along with plant-based proteins, flavors, emulsifiers and specialty ingredients used in food and beverage manufacturing.

ADM serves customers in markets around the world through its agricultural services, commodity merchandising, transportation, processing and storage networks.

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