JPMorgan Chase & Co. Initiates Coverage on Archer Daniels Midland (NYSE:ADM)

Key Points

• JPMorgan Chase & Co. has reiterated a "Neutral" rating for Archer Daniels Midland (NYSE:ADM), raising its target price from $48.00 to $61.00, indicating a potential upside of 1.77% from the current stock price.
• Other analysts have also adjusted their ratings, with Barclays upgrading ADM to "equal weight" and setting a similar price target of $61.00, while Bank of America lowered its rating to "underperform" with a target of $45.00.
• Archer Daniels Midland reported an EPS of $0.93 for the last quarter, beating estimates, but experienced a 4.9% decline in revenues year-over-year.

Stock analysts at JPMorgan Chase & Co. started coverage on shares of Archer Daniels Midland (NYSE:ADM - Get Free Report) in a report released on Wednesday, MarketBeat Ratings reports. The brokerage set a "neutral" rating and a $61.00 price target on the stock. JPMorgan Chase & Co.'s price objective would indicate a potential downside of 3.09% from the company's current price.

A number of other equities analysts also recently commented on the company. Barclays raised Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and boosted their price objective for the stock from $50.00 to $61.00 in a research report on Wednesday, August 6th. UBS Group restated a "buy" rating and issued a $70.00 price objective (up from $60.00) on shares of Archer Daniels Midland in a report on Monday, August 11th. Morgan Stanley boosted their target price on shares of Archer Daniels Midland from $47.00 to $57.00 and gave the stock an "equal weight" rating in a research note on Tuesday, August 12th. Bank of America cut Archer Daniels Midland from a "neutral" rating to an "underperform" rating and cut their price target for the company from $47.00 to $45.00 in a research note on Thursday, May 8th. Finally, Wall Street Zen raised Archer Daniels Midland from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $55.50.

Archer Daniels Midland Stock Up 3.0%

Shares of ADM stock traded up $1.8230 during trading on Wednesday, reaching $62.9430. The company's stock had a trading volume of 5,237,137 shares, compared to its average volume of 3,549,769. Archer Daniels Midland has a 1-year low of $40.98 and a 1-year high of $63.40. The stock's 50-day moving average price is $55.67 and its 200 day moving average price is $50.23. The company has a market capitalization of $30.24 billion, a price-to-earnings ratio of 27.73, a P/E/G ratio of 3.25 and a beta of 0.68. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.42 and a quick ratio of 0.90.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.88 by $0.05. The company had revenue of $21.17 billion during the quarter, compared to analysts' expectations of $21.56 billion. Archer Daniels Midland had a net margin of 1.33% and a return on equity of 8.43%. The firm's revenue was down 4.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.03 EPS. Archer Daniels Midland has set its FY 2025 guidance at 4.000-4.000 EPS. On average, research analysts anticipate that Archer Daniels Midland will post 4.31 EPS for the current year.

Hedge Funds Weigh In On Archer Daniels Midland

A number of institutional investors have recently modified their holdings of ADM. Envestnet Asset Management Inc. increased its stake in Archer Daniels Midland by 83.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 92,614 shares of the company's stock valued at $4,679,000 after purchasing an additional 42,087 shares during the period. First Trust Advisors LP grew its holdings in shares of Archer Daniels Midland by 15.7% during the fourth quarter. First Trust Advisors LP now owns 726,108 shares of the company's stock worth $36,683,000 after buying an additional 98,531 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Archer Daniels Midland by 4.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,830,900 shares of the company's stock valued at $143,012,000 after acquiring an additional 127,155 shares during the period. Ossiam raised its stake in Archer Daniels Midland by 197.4% during the 4th quarter. Ossiam now owns 5,573 shares of the company's stock valued at $282,000 after acquiring an additional 3,699 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its position in Archer Daniels Midland by 1.8% during the 4th quarter. MetLife Investment Management LLC now owns 126,529 shares of the company's stock worth $6,392,000 after acquiring an additional 2,227 shares during the period. 78.28% of the stock is owned by institutional investors and hedge funds.

About Archer Daniels Midland

Archer-Daniels-Midland Company engages in the procurement, transportation, storage, processing, and merchandising of agricultural commodities, ingredients, flavors, and solutions in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally. It operates in three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.