Archer Daniels Midland (NYSE:ADM) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded Archer Daniels Midland from “strong buy” to “buy.” Other analyst opinions were mixed, and MarketBeat reported an overall “hold” consensus with an average price target of $80.25.
• ADM reported quarterly EPS of $1.77, beating the $1.60 consensus, while revenue of $22.34 billion fell short of analysts’ $23.27 billion estimate. Revenue was up 9.6% year over year.
• Institutional investors own 78.28% of ADM shares, according to the article.

Archer Daniels Midland (NYSE:ADM - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a report released on Sunday, Wall Street Zen reports.

Several other equities analysts have also commented on ADM. Weiss Ratings lowered Archer Daniels Midland from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, October 28th. Barclays raised their price objective on Archer Daniels Midland from $85.00 to $90.00 and gave the company an "equal weight" rating in a report on Wednesday, August 5th. William Blair initiated coverage on Archer Daniels Midland in a research note on Tuesday, September 15th. They issued a "buy" rating for the company. Morgan Stanley upgraded shares of Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and increased their price target for the company from $60.00 to $79.00 in a research report on Wednesday, August 5th. Finally, Zacks Research downgraded shares of Archer Daniels Midland from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 5th. Two equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $80.25.

Archer Daniels Midland Stock Performance

NYSE ADM opened at $70.05 on Friday. Archer Daniels Midland has a 52-week low of $55.58 and a 52-week high of $88.75. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.86 and a current ratio of 1.45. The company has a market capitalization of $33.34 billion, a P/E ratio of 13.66, a P/E/G ratio of 2.04 and a beta of 0.63. The company has a fifty day moving average of $81.09 and a 200-day moving average of $76.55.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last announced its earnings results on Tuesday, November 3rd. The company reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.17. The company had revenue of $22.34 billion during the quarter, compared to analyst estimates of $23.27 billion. Archer Daniels Midland had a net margin of 2.95% and a return on equity of 10.84%. The firm's quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.92 earnings per share. As a group, equities research analysts predict that Archer Daniels Midland will post 5.72 EPS for the current fiscal year.

Institutional Investors Weigh In On Archer Daniels Midland

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

About Archer Daniels Midland

Archer Daniels Midland Company NYSE: ADM is a global agricultural supply chain and food ingredient company. It sources, transports, stores and processes crops, connecting farmers with food, feed, fuel and industrial markets.

ADM processes commodities such as corn, oilseeds and wheat into products including vegetable oils, protein meals, flour, starches, sweeteners and other food ingredients. Its businesses also supply ingredients and solutions for human and animal nutrition, as well as products used in biofuels and other industrial applications.

Founded in 1902, the company has grown from a linseed-processing business into an international enterprise serving customers across a wide range of markets and geographies.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.