Archer-Daniels-Midland Company (NYSE:ADM)‘s stock had its “hold” rating reiterated by analysts at Stifel Nicolaus in a research report issued on Thursday. They currently have a $45.00 price target on the stock, up from their prior price target of $40.00. Stifel Nicolaus’ price objective suggests a potential upside of 6.53% from the stock’s previous close.

ADM has been the subject of a number of other reports. Credit Suisse Group reiterated a “hold” rating and set a $46.00 target price on shares of Archer-Daniels-Midland in a research report on Friday, April 7th. Zacks Investment Research downgraded Archer-Daniels-Midland from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 31st. Argus downgraded Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research report on Thursday, June 1st. Vetr upgraded Archer-Daniels-Midland from a “buy” rating to a “strong-buy” rating and set a $46.76 target price for the company in a research report on Wednesday, May 31st. Finally, BMO Capital Markets reiterated a “hold” rating and set a $41.00 target price on shares of Archer-Daniels-Midland in a research report on Tuesday, June 27th. Two analysts have rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $45.10.

Archer-Daniels-Midland (NYSE:ADM) traded down 0.47% on Thursday, hitting $42.24. 3,065,740 shares of the company’s stock traded hands. Archer-Daniels-Midland has a 12 month low of $40.22 and a 12 month high of $47.88. The stock has a market cap of $23.76 billion, a P/E ratio of 17.86 and a beta of 1.11. The stock has a 50 day moving average price of $41.55 and a 200-day moving average price of $43.42.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings results on Tuesday, August 1st. The company reported $0.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.05. Archer-Daniels-Midland had a return on equity of 8.40% and a net margin of 2.22%. The business had revenue of $14.94 billion during the quarter, compared to the consensus estimate of $15.86 billion. During the same period in the prior year, the company posted $0.41 EPS. The firm’s revenue for the quarter was down 4.4% compared to the same quarter last year. Equities analysts predict that Archer-Daniels-Midland will post $2.61 earnings per share for the current fiscal year.

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Several institutional investors have recently made changes to their positions in ADM. Guardian Life Insurance Co. of America raised its position in shares of Archer-Daniels-Midland by 0.4% in the first quarter. Guardian Life Insurance Co. of America now owns 2,206 shares of the company’s stock valued at $102,000 after buying an additional 8 shares in the last quarter. Enterprise Financial Services Corp raised its position in shares of Archer-Daniels-Midland by 17.7% in the second quarter. Enterprise Financial Services Corp now owns 2,526 shares of the company’s stock valued at $105,000 after buying an additional 380 shares in the last quarter. Ledyard National Bank purchased a new position in shares of Archer-Daniels-Midland during the first quarter valued at approximately $120,000. Whittier Trust Co. raised its position in shares of Archer-Daniels-Midland by 1,221.7% in the first quarter. Whittier Trust Co. now owns 3,172 shares of the company’s stock valued at $146,000 after buying an additional 2,932 shares in the last quarter. Finally, Point72 Asia Hong Kong Ltd raised its position in shares of Archer-Daniels-Midland by 681.1% in the first quarter. Point72 Asia Hong Kong Ltd now owns 3,398 shares of the company’s stock valued at $156,000 after buying an additional 2,963 shares in the last quarter. Hedge funds and other institutional investors own 73.21% of the company’s stock.

About Archer-Daniels-Midland

Analyst Recommendations for Archer-Daniels-Midland (NYSE:ADM)

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