Archer Daniels Midland (ADM) Stock Rating Upgraded by Stephens
Archer Daniels Midland (NYSE:ADM) was upgraded by investment analysts at Stephens from an “equal weight” rating to an “overweight” rating in a note issued to investors on Wednesday.
Several other brokerages have also recently weighed in on ADM. Piper Jaffray Companies set a $39.00 price objective on Archer Daniels Midland and gave the company a “hold” rating in a report on Tuesday, October 31st. Monness Crespi & Hardt initiated coverage on Archer Daniels Midland in a report on Tuesday, October 24th. They issued a “sell” rating and a $38.00 price objective for the company. Robert W. Baird restated a “buy” rating and issued a $47.00 price objective on shares of Archer Daniels Midland in a report on Wednesday, November 1st. Stifel Nicolaus set a $45.00 price objective on Archer Daniels Midland and gave the company a “hold” rating in a report on Wednesday, November 1st. Finally, Zacks Investment Research upgraded Archer Daniels Midland from a “sell” rating to a “hold” rating in a report on Tuesday, October 24th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $42.22.
Archer Daniels Midland (ADM) opened at $41.35 on Wednesday. The firm has a market capitalization of $23,120.00, a PE ratio of 14.77 and a beta of 1.11. The company has a quick ratio of 0.91, a current ratio of 9.60 and a debt-to-equity ratio of 0.36. Archer Daniels Midland has a 1-year low of $38.59 and a 1-year high of $47.44.
Institutional investors have recently bought and sold shares of the stock. Ffcm LLC grew its holdings in Archer Daniels Midland by 126.4% during the fourth quarter. Ffcm LLC now owns 2,551 shares of the company’s stock worth $102,000 after purchasing an additional 1,424 shares during the period. Acropolis Investment Management LLC grew its holdings in Archer Daniels Midland by 1,923.9% during the fourth quarter. Acropolis Investment Management LLC now owns 3,218 shares of the company’s stock worth $129,000 after purchasing an additional 3,059 shares during the period. Sun Life Financial INC bought a new position in Archer Daniels Midland during the third quarter worth about $147,000. Fieldpoint Private Securities LLC bought a new position in Archer Daniels Midland during the third quarter worth about $188,000. Finally, DORCHESTER WEALTH MANAGEMENT Co bought a new position in Archer Daniels Midland during the third quarter worth about $202,000. Institutional investors and hedge funds own 76.33% of the company’s stock.
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About Archer Daniels Midland
Archer-Daniels-Midland Company is a processor of oilseeds, corn, wheat, cocoa and other agricultural commodities. The Company manufactures protein meal, vegetable oil, corn sweeteners, flour, biodiesel, ethanol, and other food and feed ingredients. Its segments include Agricultural Services, which utilizes its United States grain elevator, global transportation network and port operations to buy, store, clean and transport agricultural commodities, such as oilseeds, wheat, milo, oats, rice and barley, and resells these commodities primarily as food and feed ingredients and as raw materials for the agricultural processing industry; Corn Processing, which is engaged in corn wet milling and dry milling activities; Oilseeds Processing, which includes global activities related to the origination, merchandising, crushing and further processing of oilseeds; Wild Flavors and Specialty Ingredients products, which include flavors, sweeteners and health ingredients; Other, and Corporate.
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