Archer-Daniels-Midland Company (ADM) Now Covered by Robert W. Baird

Stock analysts at Robert W. Baird began coverage on shares of Archer-Daniels-Midland Company (NYSE:ADM) in a research report issued on Monday. The firm set an “outperform” rating and a $50.00 price target on the stock. Robert W. Baird’s price objective suggests a potential upside of 15.71% from the company’s previous close.

ADM has been the subject of a number of other research reports. Zacks Investment Research upgraded Archer-Daniels-Midland from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. BidaskClub upgraded Archer-Daniels-Midland from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 3rd. Stifel Nicolaus reiterated a “hold” rating and set a $45.00 price objective (up previously from $40.00) on shares of Archer-Daniels-Midland in a research report on Thursday, August 3rd. Credit Suisse Group reduced their price objective on Archer-Daniels-Midland from $45.00 to $42.00 and set a “neutral” rating for the company in a research report on Thursday, August 31st. Finally, Piper Jaffray Companies set a $42.00 price objective on Archer-Daniels-Midland and gave the company a “hold” rating in a research report on Friday, August 25th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Archer-Daniels-Midland presently has an average rating of “Hold” and a consensus price target of $44.22.

Shares of Archer-Daniels-Midland (NYSE:ADM) opened at 43.21 on Monday. Archer-Daniels-Midland has a 12 month low of $40.22 and a 12 month high of $47.88. The stock has a market capitalization of $24.31 billion, a price-to-earnings ratio of 18.27 and a beta of 1.11. The stock’s 50 day moving average price is $42.01 and its 200 day moving average price is $42.97.

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 firm had revenue of $14.94 billion during the quarter, compared to analysts’ expectations of $15.86 billion. During the same quarter in the previous year, the business earned $0.41 earnings per share. The company’s revenue was down 4.4% on a year-over-year basis. Analysts expect that Archer-Daniels-Midland will post $2.60 EPS for the current year.

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A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its position in Archer-Daniels-Midland by 2.3% in the second quarter. Vanguard Group Inc. now owns 44,408,946 shares of the company’s stock worth $1,837,642,000 after buying an additional 1,011,097 shares in the last quarter. BlackRock Inc. increased its position in Archer-Daniels-Midland by 6.0% in the second quarter. BlackRock Inc. now owns 41,607,665 shares of the company’s stock worth $1,721,723,000 after buying an additional 2,359,196 shares in the last quarter. Macquarie Group Ltd. increased its position in Archer-Daniels-Midland by 1.2% in the first quarter. Macquarie Group Ltd. now owns 16,974,063 shares of the company’s stock worth $781,486,000 after buying an additional 207,704 shares in the last quarter. Victory Capital Management Inc. increased its position in Archer-Daniels-Midland by 23.1% in the second quarter. Victory Capital Management Inc. now owns 6,447,977 shares of the company’s stock worth $266,817,000 after buying an additional 1,208,413 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Archer-Daniels-Midland by 0.5% in the second quarter. Dimensional Fund Advisors LP now owns 5,396,427 shares of the company’s stock worth $223,276,000 after buying an additional 24,589 shares in the last quarter. Institutional investors and hedge funds own 72.86% of the company’s stock.

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