Archer Daniels Midland (NYSE:ADM) Stock Rating Raised to "Hold" at Jefferies Financial Group

Key Points

• Jefferies upgraded Archer Daniels Midland to “Hold”, while the broader analyst consensus remains “Hold” with an average price target of $79.67.
• ADM opened at $79.43, down 1.2%, with shares trading between a 12-month low of $55.58 and high of $88.75. 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 hold 78.28% of ADM’s shares. BlackRock established a position worth about $3.41 billion, while Wellington Management increased its stake by 2.2%.

Archer Daniels Midland (NYSE:ADM - Get Free Report) was upgraded by analysts at Jefferies Financial Group to a "hold" rating in a research report issued on Tuesday, Zacks reports.

ADM has been the topic of a number of other research reports. UBS Group upped their price target on shares of Archer Daniels Midland from $90.00 to $95.00 and gave the stock a "buy" rating in a research note on Monday, June 15th. Zacks Research upgraded shares of Archer Daniels Midland from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 6th. Weiss Ratings upgraded shares of Archer Daniels Midland from a "hold (c)" rating to a "hold (c+)" rating in a report on Wednesday, August 5th. Barclays raised their price target on shares of Archer Daniels Midland from $85.00 to $90.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 5th. Finally, Morgan Stanley upgraded shares of Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and boosted their price objective for the stock from $60.00 to $79.00 in a report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Archer Daniels Midland has an average rating of "Hold" and an average target price of $79.67.

Archer Daniels Midland Stock Down 1.2%

ADM stock opened at $79.43 on Tuesday. Archer Daniels Midland has a twelve month low of $55.58 and a twelve month high of $88.75. The company has a quick ratio of 0.86, a current ratio of 1.39 and a debt-to-equity ratio of 0.27. The firm has a market cap of $38.28 billion, a PE ratio of 21.76, a price-to-earnings-growth ratio of 2.45 and a beta of 0.62. The business has a 50 day moving average of $82.27 and a 200 day moving average of $78.27.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $1.84 EPS for the quarter, topping 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 business had revenue of $22.68 billion for the quarter, compared to the consensus estimate of $22.75 billion. During the same period in the previous year, the company posted $0.93 earnings per share. The company's revenue for the quarter was up 7.2% compared to the same quarter last year. 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 5.46 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in ADM. BlackRock Inc. purchased a new position in shares of Archer Daniels Midland in the 2nd quarter worth $3,409,089,000. Wellington Management Group LLP increased its position in shares of Archer Daniels Midland by 2.2% during the 2nd quarter. Wellington Management Group LLP now owns 17,670,220 shares of the company's stock valued at $1,350,005,000 after purchasing an additional 382,460 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Archer Daniels Midland by 831.3% during the 4th quarter. Victory Capital Management Inc. now owns 5,592,030 shares of the company's stock worth $321,486,000 after acquiring an additional 4,991,550 shares during the last quarter. Pacer Advisors Inc. lifted its position in Archer Daniels Midland by 4.1% during the fourth quarter. Pacer Advisors Inc. now owns 4,585,316 shares of the company's stock valued at $263,610,000 after purchasing an additional 179,889 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Archer Daniels Midland by 4.5% in the first quarter. Dimensional Fund Advisors LP now owns 3,806,192 shares of the company's stock worth $276,647,000 after buying an additional 163,749 shares during the period. 78.28% of the stock is owned by hedge funds and other 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.

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