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

Archer Daniels Midland (NYSE: ADM) recently received a number of ratings updates from brokerages and research firms:

  • 3/12/2018 – Archer Daniels Midland was upgraded by analysts at Goldman Sachs from a “neutral” rating to a “buy” rating. They now have a $50.00 price target on the stock, up previously from $43.30.
  • 3/8/2018 – Archer Daniels Midland was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Archer Daniels outperformed the industry in the last six months. The company reported solid fourth-quarter 2017 earnings, wherein the bottom line beat estimates and increased year over year, backed by its strategic initiatives. Notably, it remains on track with the accomplishments regarding operational excellence and readiness program, and is likely to continue with further 1ADM rollouts in 2018. Also, it plans to achieve $200 million in run-rate savings by the end of 2018. However, the company has a dismal sales surprise history for more than three years now. Unfortunately, the drab trend lingered in the fourth quarter, wherein the top line was marred by softness across most units. Nonetheless, Oilseeds posted improved sales, and is likely to keep up its favorable trend in future. Also, management remains encouraged to deliver growth in 2018 through cost-savings efforts, enhanced capabilities, product innovations and global strength.”
  • 3/7/2018 – Archer Daniels Midland was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $48.00 price target on the stock. According to Zacks, “Archer Daniels outperformed the industry in the last six months. The company reported solid fourth-quarter 2017 earnings, wherein the bottom line beat estimates and increased year over year, backed by its strategic initiatives. Notably, it remains on track with the accomplishments regarding operational excellence and readiness program, and is likely to continue with further 1ADM rollouts in 2018. Also, it plans to achieve $200 million in run-rate savings by the end of 2018. However, the company has a dismal sales surprise history for more than three years now. Unfortunately, the drab trend lingered in the fourth quarter, wherein the top line was marred by softness across most units. Nonetheless, Oilseeds posted improved sales, and is likely to keep up its favorable trend in future. Also, management remains encouraged to deliver growth in 2018 through cost-savings efforts, enhanced capabilities, product innovations and global strength.”
  • 3/6/2018 – Archer Daniels Midland was upgraded by analysts at Citigroup from a “neutral” rating to a “buy” rating. They now have a $49.00 price target on the stock, up previously from $42.72.
  • 2/28/2018 – Archer Daniels Midland was upgraded by analysts at Buckingham Research from a “neutral” rating to a “buy” rating. They now have a $47.00 price target on the stock, up previously from $41.64.
  • 2/15/2018 – Archer Daniels Midland was upgraded by analysts at Vertical Group from a “hold” rating to a “buy” rating. They now have a $49.00 price target on the stock.
  • 2/9/2018 – Archer Daniels Midland was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Archer Daniels came out with solid fourth-quarter 2017 earnings, wherein the bottom line beat estimates and increased year over year, backed by its strategic initiatives. Notably, the company remains on track with the accomplishments regarding operational excellence and readiness program, and is likely to continue with further 1ADM rollouts in 2018. Also, it plans to achieve $200 million in run-rate savings by the end of 2018. However, Archer Daniels has lagged the industry in a year, primarily due to its dismal sales surprise history for more than three years now. Unfortunately, the drab trend lingered in the fourth quarter, wherein the top line was marred by softness across most units. Nonetheless, Oilseeds posted improved sales, and is likely to keep up its favorable trend in future. Also, management remains encouraged to deliver growth in 2018 through cost-savings efforts, enhanced capabilities, product innovations and global strength.”
  • 2/7/2018 – Archer Daniels Midland was upgraded by analysts at Stephens from an “equal weight” rating to an “overweight” rating.
  • 2/7/2018 – Archer Daniels Midland had its price target raised by analysts at Robert W. Baird from $47.00 to $49.00. They now have an “outperform” rating on the stock.
  • 1/22/2018 – Archer Daniels Midland had its price target lowered by analysts at Stifel Nicolaus from $44.00 to $43.00. They now have a “hold” rating on the stock.

Shares of Archer Daniels Midland Co (ADM) traded up $0.11 during midday trading on Friday, reaching $42.05. 4,459,047 shares of the company traded hands, compared to its average volume of 4,012,686. Archer Daniels Midland Co has a one year low of $38.59 and a one year high of $46.39. The stock has a market cap of $23,817.73, a PE ratio of 15.02 and a beta of 1.09. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.86 and a current ratio of 1.59.

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Archer Daniels Midland (NYSE:ADM) last announced its quarterly earnings data on Tuesday, February 6th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.12. Archer Daniels Midland had a net margin of 2.62% and a return on equity of 7.91%. The company had revenue of $16.07 billion during the quarter, compared to analysts’ expectations of $16.64 billion. During the same quarter in the prior year, the company earned $0.75 EPS. Archer Daniels Midland’s revenue was down 2.6% compared to the same quarter last year. research analysts anticipate that Archer Daniels Midland Co will post 2.86 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 13th. Investors of record on Tuesday, February 20th were paid a dividend of $0.335 per share. This represents a $1.34 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend was Friday, February 16th. This is a boost from Archer Daniels Midland’s previous quarterly dividend of $0.32. Archer Daniels Midland’s dividend payout ratio is currently 47.86%.

Archer-Daniels-Midland Company is a processor of oilseeds, corn, wheat, cocoa and other agricultural commodities. The Company manufactures protein meal, vegetable oil, corn sweeteners, flour, biodiesel, ethanol, and other food and feed ingredients. Its segments include Agricultural Services, which utilizes its United States grain elevator, global transportation network and port operations to buy, store, clean and transport agricultural commodities, such as oilseeds, wheat, milo, oats, rice and barley, and resells these commodities primarily as food and feed ingredients and as raw materials for the agricultural processing industry; Corn Processing, which is engaged in corn wet milling and dry milling activities; Oilseeds Processing, which includes global activities related to the origination, merchandising, crushing and further processing of oilseeds; Wild Flavors and Specialty Ingredients products, which include flavors, sweeteners and health ingredients; Other, and Corporate.

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