Archer Daniels Midland (NYSE:ADM) Upgraded at Jefferies Financial Group

Archer Daniels Midland (NYSE:ADM) was upgraded by Jefferies Financial Group to a “hold” rating in a report issued on Tuesday, Zacks reports.

Several other brokerages also recently issued reports on ADM. Zacks Research raised shares of Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. Morgan Stanley upgraded Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $60.00 to $79.00 in a report on Wednesday, August 5th. UBS Group raised their price target on Archer Daniels Midland from $90.00 to $95.00 and gave the stock 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 report on Wednesday, August 5th. Finally, Wall Street Zen raised Archer Daniels Midland from a “buy” rating to a “strong-buy” rating in a research report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $79.67.

Archer Daniels Midland Price Performance

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

Archer Daniels Midland (NYSE:ADM) last released its earnings results on Tuesday, August 4th. The company reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $22.68 billion during the quarter, compared to analyst estimates of $22.75 billion. During the same quarter last year, the business earned $0.93 EPS. The business’s revenue was up 7.2% on a year-over-year basis. Archer Daniels Midland has set its FY 2026 guidance at 5.150-5.600 EPS. Equities analysts expect that Archer Daniels Midland will post 5.46 EPS for the current year.

Hedge Funds Weigh In On Archer Daniels Midland

Several institutional investors have recently made changes to their positions in the company. Havemeyer Place LP bought a new position in Archer Daniels Midland during the 4th quarter worth about $901,000. Hsbc Holdings PLC bought a new position in shares of Archer Daniels Midland during the second quarter valued at approximately $76,067,000. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Archer Daniels Midland by 73.3% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 519,997 shares of the company’s stock valued at $29,895,000 after buying an additional 219,977 shares during the period. CIBC Asset Management Inc raised its stake in Archer Daniels Midland by 61.2% in the fourth quarter. CIBC Asset Management Inc now owns 122,687 shares of the company’s stock worth $7,053,000 after buying an additional 46,568 shares in the last quarter. Finally, Bank of America Corp DE bought a new position in Archer Daniels Midland in the second quarter worth approximately $180,096,000. Hedge funds and other institutional investors 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 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.