Archer Daniels Midland (NYSE:ADM) Stock Gets Downgrade from Wall Street Zen

Key Points

• Wall Street Zen downgraded Archer Daniels Midland from “strong buy” to “buy,” while the broader analyst consensus remains “hold” with an average price target of $79.67.
• ADM’s shares opened at $79.79, down 3.2%, and remain below their 50-day moving average; the stock has traded between $55.58 and $88.75 over the past year.
• The company reported quarterly EPS of $1.84, beating estimates of $1.49, while revenue rose 7.2% year over year to $22.68 billion. Institutional investors own 78.28% of ADM.

Archer Daniels Midland (NYSE:ADM - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a note issued to investors on Saturday, Wall Street Zen reports.

A number of other equities research analysts also recently weighed in on ADM. Barclays lifted their price target on shares of 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. Zacks Research downgraded shares of Archer Daniels Midland from a "strong-buy" rating to a "hold" rating in a report on Monday, October 5th. Jefferies Financial Group raised shares of Archer Daniels Midland to a "hold" rating in a research report on Tuesday, September 29th. Morgan Stanley upgraded shares of Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and raised their price target for the stock from $60.00 to $79.00 in a research note on Wednesday, August 5th. Finally, Weiss Ratings upgraded Archer Daniels Midland from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $79.67.

Archer Daniels Midland Stock Down 3.2%

NYSE ADM opened at $79.79 on Friday. Archer Daniels Midland has a twelve month low of $55.58 and a twelve month high of $88.75. The stock has a market cap of $38.46 billion, a PE ratio of 21.86, a PEG ratio of 2.52 and a beta of 0.64. The firm has a 50-day simple moving average of $81.90 and a 200 day simple moving average of $78.81. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.39.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $1.84 EPS for the quarter, beating the consensus estimate of $1.49 by $0.35. Archer Daniels Midland had a return on equity of 9.21% and a net margin of 2.16%. The firm had revenue of $22.68 billion during the quarter, compared to analysts' expectations of $22.75 billion. During the same quarter in the prior year, the firm posted $0.93 EPS. The company's revenue for the quarter was up 7.2% on a year-over-year basis. Archer Daniels Midland has set its FY 2026 guidance at 5.150-5.600 EPS. On average, research analysts forecast that Archer Daniels Midland will post 5.45 EPS for the current year.

Institutional Investors Weigh In On Archer Daniels Midland

Hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new position in shares of Archer Daniels Midland during the second quarter worth approximately $3,409,089,000. Victory Capital Management Inc. raised its position in Archer Daniels Midland by 831.3% in the 4th quarter. Victory Capital Management Inc. now owns 5,592,030 shares of the company's stock worth $321,486,000 after purchasing an additional 4,991,550 shares during the last quarter. Bank of New York Mellon Corp bought a new position in Archer Daniels Midland in the 2nd quarter worth approximately $257,394,000. Legal & General Group Plc acquired a new position in Archer Daniels Midland during the 2nd quarter worth $198,233,000. Finally, Bank of America Corp DE acquired a new position in Archer Daniels Midland during the 2nd quarter worth $180,096,000. 78.28% of the stock is owned by institutional investors and hedge funds.

About Archer Daniels Midland

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.

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