Archer Daniels Midland (NYSE:ADM) Rating Lowered to Buy at Wall Street Zen

Archer Daniels Midland (NYSE:ADM) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Sunday.

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

Archer Daniels Midland Stock Down 2.7%

NYSE ADM opened at $78.13 on Friday. Archer Daniels Midland has a 52 week low of $55.58 and a 52 week high of $88.46. The company has a quick ratio of 0.86, a current ratio of 1.39 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $37.65 billion, a P/E ratio of 21.40 and a beta of 0.62. The stock’s 50-day moving average price is $79.87 and its 200-day moving average price is $75.46.

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

Hedge Funds Weigh In On Archer Daniels Midland

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ADM. Norges Bank purchased a new position in shares of Archer Daniels Midland during the fourth quarter worth approximately $402,743,000. Swedbank AB grew its stake in shares of Archer Daniels Midland by 9.2% in the fourth quarter. Swedbank AB now owns 399,047 shares of the company’s stock worth $22,941,000 after purchasing an additional 33,647 shares during the last quarter. Banque Cantonale Vaudoise increased its holdings in Archer Daniels Midland by 56.4% during the 4th quarter. Banque Cantonale Vaudoise now owns 50,181 shares of the company’s stock valued at $2,886,000 after purchasing an additional 18,088 shares during the period. Fisher Asset Management LLC raised its position in Archer Daniels Midland by 385.5% during the 4th quarter. Fisher Asset Management LLC now owns 17,098 shares of the company’s stock valued at $983,000 after purchasing an additional 13,576 shares during the last quarter. Finally, North Dakota State Investment Board bought a new position in Archer Daniels Midland during the 4th quarter valued at approximately $1,634,000. 78.28% of the stock is owned by institutional investors and hedge funds.

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.