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

Key Points

• Wall Street Zen upgraded Archer Daniels Midland from “buy” to “strong buy,” although broader analyst sentiment remains “Hold,” with a consensus price target of $81.75.
• ADM reported quarterly EPS of $1.84, exceeding estimates of $1.49, while revenue reached $22.68 billion and rose 7.2% year over year.
• Institutional investors own 78.28% of ADM; BlackRock and Bank of New York Mellon initiated major positions, while Wellington, Dimensional Fund Advisors and UBS increased their stakes.

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

ADM has been the subject of a number of other reports. Stephens increased their target price on shares of Archer Daniels Midland from $80.00 to $85.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 21st. Weiss Ratings lowered shares of Archer Daniels Midland from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday. BMO Capital Markets upped their price objective on shares of Archer Daniels Midland from $77.00 to $82.00 and gave the company a "market perform" rating in a research note on Wednesday, August 5th. Barclays increased their price objective on shares of Archer Daniels Midland from $85.00 to $90.00 and gave the company an "equal weight" rating in a report on Wednesday, August 5th. Finally, Morgan Stanley upgraded shares of Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and increased their price objective for the company from $60.00 to $79.00 in a report on Wednesday, August 5th. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $81.75.

Archer Daniels Midland Stock Performance

Shares of NYSE:ADM opened at $76.97 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.39 and a quick ratio of 0.86. Archer Daniels Midland has a 1 year low of $55.58 and a 1 year high of $88.75. The firm has a market capitalization of $37.10 billion, a PE ratio of 17.56, a P/E/G ratio of 2.30 and a beta of 0.64. The business's 50 day moving average price is $81.87 and its 200-day moving average price is $76.39.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $1.84 EPS for the quarter, beating the consensus estimate of $1.49 by $0.35. The firm had revenue of $22.68 billion during the quarter, compared to the consensus estimate of $22.75 billion. Archer Daniels Midland had a return on equity of 9.21% and a net margin of 2.16%. The firm's revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.93 EPS. Archer Daniels Midland has set its FY 2026 guidance at 5.150-5.600 EPS. As a group, equities research analysts expect that Archer Daniels Midland will post 5.52 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in shares of Archer Daniels Midland during the 2nd quarter worth about $3,409,089,000. Wellington Management Group LLP increased its holdings in shares of Archer Daniels Midland by 2.2% in 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 acquiring an additional 382,460 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Archer Daniels Midland by 4.5% during the first quarter. Dimensional Fund Advisors LP now owns 3,806,192 shares of the company's stock worth $276,647,000 after purchasing an additional 163,749 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Archer Daniels Midland during the 2nd quarter worth approximately $257,394,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Archer Daniels Midland by 4.1% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,875,370 shares of the company's stock valued at $219,678,000 after acquiring an additional 112,980 shares during the last quarter. 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 origination and processing company. Founded in 1902, ADM connects farmers and producers with markets worldwide by sourcing, transporting, storing and processing crops and other agricultural commodities.

The company processes oilseeds, corn, wheat and other crops into ingredients and products used in food and beverages, animal nutrition, renewable fuels and industrial applications. Its offerings include vegetable oils, protein meals, sweeteners, starches, flour, food ingredients, animal feed ingredients and biofuels, as well as specialty ingredients developed through its nutrition businesses.

ADM operates an integrated network of agricultural facilities, processing plants, transportation assets and commercial offices serving customers across North America, South America, Europe, Asia and other international markets.

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.