Archer-Daniels-Midland Company (NYSE:ADM) received a $39.00 target price from research analysts at Piper Jaffray Companies in a research note issued on Tuesday. The brokerage presently has a “hold” rating on the stock. Piper Jaffray Companies’ target price suggests a potential downside of 4.58% from the company’s previous close.

A number of other equities research analysts have also recently commented on ADM. Stifel Nicolaus set a $45.00 target price on Archer-Daniels-Midland and gave the company a “hold” rating in a report on Wednesday. Monness Crespi & Hardt began coverage on Archer-Daniels-Midland in a report on Tuesday, October 24th. They set a “sell” rating and a $38.00 price objective on the stock. Zacks Investment Research upgraded Archer-Daniels-Midland from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Citigroup Inc. cut Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $42.25 to $45.00 in a report on Thursday, September 28th. Finally, BidaskClub upgraded Archer-Daniels-Midland from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. Archer-Daniels-Midland presently has a consensus rating of “Hold” and a consensus price target of $41.53.

Archer-Daniels-Midland (NYSE:ADM) last announced its earnings results on Tuesday, October 31st. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.10). The company had revenue of $14.83 billion for the quarter, compared to analyst estimates of $16 billion. Archer-Daniels-Midland had a net margin of 2.01% and a return on equity of 7.86%. Archer-Daniels-Midland’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.59 EPS.

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Several institutional investors and hedge funds have recently modified their holdings of the stock. American Century Companies Inc. raised its position in shares of Archer-Daniels-Midland by 1,325.9% in the 3rd quarter. American Century Companies Inc. now owns 237,086 shares of the company’s stock worth $10,079,000 after buying an additional 220,459 shares during the period. Chicago Equity Partners LLC raised its position in shares of Archer-Daniels-Midland by 410.6% in the 3rd quarter. Chicago Equity Partners LLC now owns 84,920 shares of the company’s stock worth $3,610,000 after buying an additional 68,290 shares during the period. Polaris Greystone Financial Group LLC raised its position in shares of Archer-Daniels-Midland by 1.0% in the 3rd quarter. Polaris Greystone Financial Group LLC now owns 396,809 shares of the company’s stock worth $16,868,000 after buying an additional 3,783 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Archer-Daniels-Midland by 3.0% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 84,504 shares of the company’s stock worth $3,592,000 after buying an additional 2,456 shares during the period. Finally, Kornitzer Capital Management Inc. KS purchased a new position in shares of Archer-Daniels-Midland in the 3rd quarter worth $3,294,000. 72.57% of the stock is currently owned by institutional investors and hedge funds.

Archer-Daniels-Midland Company Profile

Analyst Recommendations for Archer-Daniels-Midland (NYSE:ADM)

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