Archer Daniels Midland (NYSE:ADM) Stock Rating Lowered by Zacks Research

Archer Daniels Midland (NYSE:ADM) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Other analysts also recently issued reports about the stock. UBS Group lifted their price objective on shares of Archer Daniels Midland from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, June 15th. JPMorgan Chase & Co. boosted their price objective on shares of Archer Daniels Midland from $65.00 to $74.00 and gave the stock an “underweight” rating in a report on Wednesday, May 6th. Barclays lifted their target price on shares of Archer Daniels Midland from $77.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Archer Daniels Midland in a research note on Monday, April 20th. Finally, Jefferies Financial Group raised their price objective on Archer Daniels Midland from $65.00 to $77.00 and gave the company a “hold” rating in a research note on Monday, April 6th. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $75.33.

Archer Daniels Midland Stock Performance

NYSE ADM opened at $76.05 on Monday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.31 and a quick ratio of 0.80. Archer Daniels Midland has a 1 year low of $51.34 and a 1 year high of $85.37. The stock has a market capitalization of $36.65 billion, a PE ratio of 34.10 and a beta of 0.60. The company’s 50 day simple moving average is $76.72 and its two-hundred day simple moving average is $69.66.

Archer Daniels Midland (NYSE:ADM) last announced its earnings results on Tuesday, May 5th. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.05. The business had revenue of $20.49 billion for the quarter, compared to analyst estimates of $21.35 billion. Archer Daniels Midland had a return on equity of 7.37% and a net margin of 1.34%.The company’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.70 EPS. Archer Daniels Midland has set its FY 2026 guidance at 4.150-4.70 EPS. Analysts predict that Archer Daniels Midland will post 4.43 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Archer Daniels Midland

A number of hedge funds have recently modified their holdings of ADM. Global Trust Asset Management LLC purchased a new stake in Archer Daniels Midland in the 1st quarter worth approximately $29,000. OP Asset Management Ltd bought a new position in shares of Archer Daniels Midland during the first quarter valued at approximately $30,000. Toth Financial Advisory Corp bought a new position in shares of Archer Daniels Midland during the fourth quarter valued at approximately $25,000. Motiv8 Investments LLC purchased a new stake in Archer Daniels Midland in the fourth quarter worth $26,000. Finally, Sankala Group LLC purchased a new position in Archer Daniels Midland during the 4th quarter valued at $28,000. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Archer Daniels Midland Company Profile

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.