Archer-Daniels-Midland (ADM) – Research Analysts’ Weekly Ratings Updates

A number of research firms have changed their ratings and price targets for Archer-Daniels-Midland (NYSE: ADM):

  • 8/4/2017 – Archer-Daniels-Midland was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Archer Daniels posted second-quarter 2017 results, wherein earnings surged 39%, largely driven by solid cost savings. Notably, the company is running ahead of track with its savings target of $225 million for 2017. Further, the company remains committed to strengthen its capacities and geographic spread, via buyouts and other organic expansions. Given these factors and the prospects from Project Readiness, management remains confident of achieving strong year-over-year earnings growth in 2017. In fact, the company is poised to emerge stronger in 2018. However, Archer Daniels has lagged the sector year to date, due to its negative sales surprise history for over three years now. The company continued this dismal trend in the second quarter too, wherein the top line fell year over year, alongside missing estimate. Apart from this, Archer Daniels expects a highly competitive global environment in the third quarter.”
  • 8/3/2017 – Archer-Daniels-Midland had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $45.00 price target on the stock, up previously from $40.00.
  • 8/3/2017 – Archer-Daniels-Midland was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 7/22/2017 – Archer-Daniels-Midland had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $40.00 price target on the stock, down previously from $41.00.
  • 7/18/2017 – Archer-Daniels-Midland was given a new $45.00 price target on by analysts at Credit Suisse Group. They now have a “hold” rating on the stock.
  • 7/12/2017 – Archer-Daniels-Midland had its “buy” rating reaffirmed by analysts at Citigroup Inc.
  • 7/12/2017 – Archer-Daniels-Midland was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Archer Daniels' dismal sales surprise history has long been weighing upon its stock that has lagged the broader sector in the last three months. Evidently, the company has been missing sales estimates for over three years now. In fact, the company's bottom-line has also been a disappointment, as the last reported quarter marked its second straight earnings miss. The dismal performance can be largely blamed on fluctuating commodity prices, oversupply in the industry and unfavorable margins. Further,  significant  global presence exposes the company to adverse  currency translations.  Nonetheless, the company is well on track with its run-rate savings target for 2017. Also,  Archer Daniels’ focus on enhancing processing capabilities and global footprint through strategic acquisitions bodes well. However, intense competition in all segments remains a threat.  Estimates have been stable lately, ahead of its second quarter earnings release.”
  • 7/4/2017 – Archer-Daniels-Midland was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “Archer Daniels’ strategic initiatives and constant focus on cost-savings, along with efforts to enhance processing capabilities and global footprint through acquisitions bode well. The company remains on track with long-term strategic plan that was announced in 2012. In this regard, Archer Daniels has enhanced its cost structure, solidified core operations and made significant expansions – both geographic and category-wise. These factors helped the company to gain efficiencies and generate cost savings, which drove first-quarter results. While the first-quarter results lagged expectations, both earnings and sales grew year over year. However, Archer Daniels has underperformed the broader sector in the last three months owing to its dismal sales and earnings surprise history. The company has missed sales estimates for over three years now. Also, significant global presence exposes it to adverse currency translations.”
  • 6/27/2017 – Archer-Daniels-Midland had its “hold” rating reaffirmed by analysts at BMO Capital Markets. They now have a $41.00 price target on the stock.

Archer-Daniels-Midland Company (NYSE ADM) opened at 42.12 on Friday. Archer-Daniels-Midland Company has a 12-month low of $40.22 and a 12-month high of $47.88. The stock has a market capitalization of $23.69 billion, a PE ratio of 17.81 and a beta of 1.11. The stock’s 50 day moving average is $41.60 and its 200 day moving average is $43.35.

Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings data on Tuesday, August 1st. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.05. Archer-Daniels-Midland had a net margin of 2.22% and a return on equity of 8.40%. The business had revenue of $14.94 billion for the quarter, compared to analyst estimates of $15.86 billion. During the same period last year, the business posted $0.41 earnings per share. The firm’s quarterly revenue was down 4.4% on a year-over-year basis. Analysts forecast that Archer-Daniels-Midland Company will post $2.61 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 7th. Investors of record on Thursday, August 17th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.04%. Archer-Daniels-Midland’s payout ratio is 53.78%.

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