Archer Daniels Midland (NYSE:ADM) had its target price lifted by Argus from $42.00 to $48.00 in a research report report published on Wednesday, Stock Target Advisor reports. The firm currently has a buy rating on the stock.

A number of other equities analysts have also issued reports on ADM. Barclays reiterated an overweight rating on shares of Archer Daniels Midland in a research report on Thursday, October 24th. ValuEngine upgraded shares of Archer Daniels Midland from a sell rating to a hold rating in a research report on Tuesday, October 1st. Stephens started coverage on shares of Archer Daniels Midland in a research report on Monday, October 7th. They set an overweight rating and a $50.00 price objective for the company. Buckingham Research reduced their price objective on shares of Archer Daniels Midland from $53.00 to $51.00 and set a buy rating for the company in a research report on Friday, July 19th. Finally, Credit Suisse Group reduced their price objective on shares of Archer Daniels Midland from $42.00 to $40.00 and set a neutral rating for the company in a research report on Thursday, October 17th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $48.38.

Shares of ADM opened at $43.31 on Wednesday. The firm has a 50-day moving average price of $40.81 and a 200 day moving average price of $40.39. The firm has a market capitalization of $23.92 billion, a PE ratio of 12.37 and a beta of 1.10. The company has a quick ratio of 0.92, a current ratio of 1.60 and a debt-to-equity ratio of 0.40. Archer Daniels Midland has a 52-week low of $36.45 and a 52-week high of $48.99.

Archer Daniels Midland (NYSE:ADM) last announced its earnings results on Thursday, October 31st. The company reported $0.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.10. The firm had revenue of $16.73 billion during the quarter, compared to analyst estimates of $16.18 billion. Archer Daniels Midland had a net margin of 1.85% and a return on equity of 8.06%. Archer Daniels Midland’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.92 EPS. On average, equities analysts expect that Archer Daniels Midland will post 2.57 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.23%. Archer Daniels Midland’s dividend payout ratio (DPR) is 40.00%.

Large investors have recently bought and sold shares of the company. Macquarie Group Ltd. boosted its holdings in shares of Archer Daniels Midland by 7.0% in the second quarter. Macquarie Group Ltd. now owns 17,540,310 shares of the company’s stock worth $715,644,000 after buying an additional 1,150,528 shares during the period. Northern Trust Corp boosted its holdings in shares of Archer Daniels Midland by 2.5% in the second quarter. Northern Trust Corp now owns 12,482,054 shares of the company’s stock worth $509,269,000 after buying an additional 299,959 shares during the period. Invesco Ltd. boosted its holdings in shares of Archer Daniels Midland by 18.3% in the second quarter. Invesco Ltd. now owns 9,786,015 shares of the company’s stock worth $399,269,000 after buying an additional 1,514,686 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Archer Daniels Midland by 19.3% in the second quarter. Victory Capital Management Inc. now owns 8,848,747 shares of the company’s stock worth $361,029,000 after buying an additional 1,429,251 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Archer Daniels Midland by 0.6% in the second quarter. Bank of New York Mellon Corp now owns 7,741,992 shares of the company’s stock worth $315,873,000 after buying an additional 43,130 shares during the period. Institutional investors own 75.84% of the company’s stock.

Archer Daniels Midland Company Profile

Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States and internationally. The company operates through four segments: Origination, Oilseeds, Carbohydrate Solutions, and Nutrition. It buys, stores, cleans, and transports agricultural commodities, such as oilseeds, corn, wheat, milo, oats, rice, and barley, as well as resells these commodities primarily as food and feed ingredients and as raw materials for the agricultural processing industry.

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Analyst Recommendations for Archer Daniels Midland (NYSE:ADM)

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