Wall Street Zen Downgrades Archer Daniels Midland (NYSE:ADM) to Buy

Archer Daniels Midland (NYSE:ADM) was downgraded by stock analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report issued on Tuesday, Wall Street Zen reports.

Several other research analysts also recently weighed in on ADM. Morgan Stanley upgraded Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $60.00 to $79.00 in a research note on Wednesday, August 5th. UBS Group increased their price target on Archer Daniels Midland from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, June 15th. Weiss Ratings upgraded Archer Daniels Midland from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 5th. Zacks Research upgraded shares of Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Finally, 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 research report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $79.67.

Archer Daniels Midland Stock Up 2.3%

Shares of Archer Daniels Midland stock opened at $86.47 on Tuesday. 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 company has a market cap of $41.68 billion, a P/E ratio of 23.69, a PEG ratio of 2.58 and a beta of 0.62. The firm’s 50 day moving average price is $81.49 and its 200-day moving average price is $76.71. Archer Daniels Midland has a 52-week low of $55.58 and a 52-week high of $88.46.

Archer Daniels Midland (NYSE:ADM) last posted its earnings results on Tuesday, August 4th. The company reported $1.84 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.35. Archer Daniels Midland had a net margin of 2.16% and a return on equity of 9.21%. The company 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 company posted $0.93 earnings per share. Archer Daniels Midland’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, sell-side analysts predict that Archer Daniels Midland will post 5.46 EPS for the current fiscal year.

Hedge Funds Weigh In On Archer Daniels Midland

Several institutional investors and hedge funds have recently modified their holdings of ADM. Norges Bank acquired a new stake in Archer Daniels Midland in the 4th quarter valued at approximately $402,743,000. Swedbank AB grew its stake in shares of Archer Daniels Midland by 9.2% in the fourth quarter. Swedbank AB now owns 399,047 shares of the company’s stock valued at $22,941,000 after buying an additional 33,647 shares in the last quarter. Banque Cantonale Vaudoise raised its holdings in shares of Archer Daniels Midland by 56.4% in the 4th quarter. Banque Cantonale Vaudoise now owns 50,181 shares of the company’s stock valued at $2,886,000 after buying an additional 18,088 shares during the period. North Dakota State Investment Board purchased a new stake in shares of Archer Daniels Midland in the 4th quarter valued at $1,634,000. Finally, Fisher Asset Management LLC lifted its stake in Archer Daniels Midland by 385.5% during the 4th quarter. Fisher Asset Management LLC now owns 17,098 shares of the company’s stock worth $983,000 after acquiring an additional 13,576 shares in the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer Daniels Midland Company Profile

Archer Daniels Midland Company (NYSE: ADM) is a global agricultural origination and processing company. Founded in 1902, ADM connects farmers and agricultural markets with food, beverage, animal nutrition and industrial customers by sourcing, transporting, storing and processing crops and other agricultural commodities.

The company’s operations include the processing of oilseeds such as soybeans, canola and sunflower seeds into vegetable oils, protein meals and other ingredients. ADM also produces corn and wheat-based sweeteners, starches, flours, fibers and other carbohydrate products, along with plant-based proteins, flavors, emulsifiers and specialty ingredients used in food and beverage manufacturing.

ADM serves customers in markets around the world through its agricultural services, commodity merchandising, transportation, processing and storage networks.