Archer Daniels Midland (NYSE:ADM) Upgraded to “Strong-Buy” at Zacks Research

Archer Daniels Midland (NYSE:ADM) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Thursday,Zacks.com reports.

Several other equities research analysts have also commented on the stock. Morgan Stanley raised shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $60.00 to $79.00 in a report on Wednesday. Weiss Ratings raised shares of Archer Daniels Midland from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday. UBS Group lifted their target price 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. JPMorgan Chase & Co. boosted their target price on shares of Archer Daniels Midland from $65.00 to $74.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 6th. Finally, Barclays raised their price target on shares of Archer Daniels Midland from $85.00 to $90.00 and gave the company an “equal weight” rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Archer Daniels Midland presently has an average rating of “Hold” and an average price target of $79.67.

Archer Daniels Midland Stock Performance

NYSE ADM opened at $76.53 on Thursday. The stock has a market capitalization of $36.89 billion, a price-to-earnings ratio of 20.97 and a beta of 0.62. Archer Daniels Midland has a twelve month low of $55.58 and a twelve month high of $88.46. The company has a current ratio of 1.39, a quick ratio of 0.80 and a debt-to-equity ratio of 0.27. The stock has a 50-day moving average of $80.03 and a 200 day moving average of $74.37.

Archer Daniels Midland (NYSE:ADM) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $1.84 EPS for the quarter, beating the consensus estimate of $1.49 by $0.35. The company had revenue of $22.68 billion for the quarter, compared to analyst estimates of $22.75 billion. Archer Daniels Midland had a return on equity of 9.21% and a net margin of 2.16%.Archer Daniels Midland’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period last year, the company earned $0.93 earnings per share. Archer Daniels Midland has set its FY 2026 guidance at 5.150-5.600 EPS. Sell-side analysts anticipate that Archer Daniels Midland will post 5.45 EPS for the current fiscal year.

Institutional Trading of Archer Daniels Midland

Large investors have recently modified their holdings of the stock. Kelleher Financial Advisors purchased a new position in Archer Daniels Midland in the second quarter valued at $25,000. Global Trust Asset Management LLC purchased a new stake in Archer Daniels Midland during the 1st quarter worth about $29,000. OP Asset Management Ltd acquired a new stake in Archer Daniels Midland in the 1st quarter valued at about $30,000. Motiv8 Investments LLC purchased a new position in shares of Archer Daniels Midland in the 4th quarter valued at about $26,000. Finally, Sankala Group LLC purchased a new position in shares of Archer Daniels Midland in the 4th quarter valued at about $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.