Archer Daniels Midland (NYSE:ADM) Stock Price Target Cut by JPMorgan Chase & Co.

Archer Daniels Midland (NYSE:ADM) had its price target reduced by equities research analysts at JPMorgan Chase & Co. from $77.00 to $75.00 in a research note issued on Monday, Benzinga reports. The firm presently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential downside of 9.85% from the company’s current price.

Several other research firms have also commented on ADM. Zacks Research lowered shares of Archer Daniels Midland from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Jefferies Financial Group upgraded shares of Archer Daniels Midland to a “hold” rating in a report on Tuesday, September 29th. UBS Group boosted their price target on Archer Daniels Midland from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, June 15th. Morgan Stanley raised 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 research report on Wednesday, August 5th. Finally, Barclays upped their price target on Archer Daniels Midland from $85.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 5th. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $79.83.

Archer Daniels Midland Stock Performance

Shares of Archer Daniels Midland stock opened at $83.19 on Monday. Archer Daniels Midland has a 12 month low of $55.58 and a 12 month high of $88.75. The firm has a market capitalization of $40.10 billion, a P/E ratio of 18.53, a P/E/G ratio of 2.44 and a beta of 0.64. The company has a current ratio of 1.39, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27. The business has a fifty day simple moving average of $82.01 and a two-hundred day simple moving average of $79.03.

Archer Daniels Midland (NYSE:ADM) last released its earnings results on Tuesday, August 4th. The company reported $1.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.35. The firm had revenue of $22.68 billion for the quarter, compared to the consensus estimate of $22.75 billion. Archer Daniels Midland had a net margin of 2.16% and a return on equity of 9.21%. The company’s revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.93 EPS. Archer Daniels Midland has set its FY 2026 guidance at 5.150-5.600 EPS. On average, equities analysts forecast that Archer Daniels Midland will post 5.50 earnings per share for the current fiscal year.

Institutional Trading of Archer Daniels Midland

Institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. bought a new stake in Archer Daniels Midland in the 2nd quarter worth about $3,409,089,000. Bank of New York Mellon Corp purchased a new stake in Archer Daniels Midland in the 2nd quarter worth approximately $257,394,000. Legal & General Group Plc purchased a new stake in Archer Daniels Midland in the 2nd quarter worth approximately $198,233,000. Bank of America Corp DE purchased a new stake in Archer Daniels Midland in the 2nd quarter worth approximately $180,096,000. Finally, Deutsche Bank AG bought a new stake in Archer Daniels Midland during the 2nd quarter worth approximately $178,087,000. 78.28% of the stock is currently owned by institutional investors.

Archer Daniels Midland Company Profile

Archer Daniels Midland Company (NYSE: ADM) is a global agricultural origination and processing company that converts crops and other plant-based materials into food, feed, fuel and industrial ingredients. The company sources, transports, stores and processes commodities such as corn, soybeans, wheat and oilseeds through an extensive network of elevators, processing facilities and transportation assets.

ADM’s businesses include agricultural services and oilseeds, carbohydrate solutions, and nutrition.