Archer Daniels Midland (NYSE:ADM) Given New $77.00 Price Target at Barclays

Archer Daniels Midland (NYSE:ADM) had its target price lifted by analysts at Barclays from $68.00 to $77.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s price objective would indicate a potential upside of 6.26% from the company’s current price.

A number of other analysts also recently issued reports on the company. UBS Group reaffirmed a “buy” rating on shares of Archer Daniels Midland in a research note on Monday, December 15th. JPMorgan Chase & Co. upped their price objective on shares of Archer Daniels Midland from $61.00 to $65.00 and gave the company an “underweight” rating in a report on Tuesday, March 24th. Zacks Research upgraded shares of Archer Daniels Midland from a “strong sell” rating to a “hold” rating in a research report on Friday, January 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Archer Daniels Midland in a research report on Wednesday, January 21st. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $63.00 price target on shares of Archer Daniels Midland in a research report on Wednesday, February 4th. One analyst has rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Archer Daniels Midland presently has an average rating of “Reduce” and a consensus price target of $59.86.

Archer Daniels Midland Price Performance

Shares of Archer Daniels Midland stock traded down $0.23 on Wednesday, hitting $72.46. 1,493,314 shares of the company were exchanged, compared to its average volume of 4,038,891. The company has a quick ratio of 0.83, a current ratio of 1.37 and a debt-to-equity ratio of 0.29. The company has a 50-day moving average price of $68.79 and a 200 day moving average price of $63.26. The stock has a market capitalization of $34.92 billion, a price-to-earnings ratio of 32.63, a price-to-earnings-growth ratio of 0.88 and a beta of 0.68. Archer Daniels Midland has a 1-year low of $40.98 and a 1-year high of $74.19.

Archer Daniels Midland (NYSE:ADM) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.07. The firm had revenue of $18.56 billion for the quarter, compared to the consensus estimate of $21.03 billion. Archer Daniels Midland had a return on equity of 7.39% and a net margin of 1.34%.The firm’s revenue was down 13.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.14 earnings per share. Archer Daniels Midland has set its FY 2026 guidance at 3.600-4.250 EPS. As a group, sell-side analysts predict that Archer Daniels Midland will post 4.31 earnings per share for the current fiscal year.

Insider Activity at Archer Daniels Midland

In related news, SVP Ian R. Pinner sold 34,106 shares of Archer Daniels Midland stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $71.53, for a total value of $2,439,602.18. Following the completion of the sale, the senior vice president owned 90,676 shares in the company, valued at approximately $6,486,054.28. This trade represents a 27.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David R. Mcatee II bought 7,500 shares of the business’s stock in a transaction on Thursday, February 5th. The stock was purchased at an average cost of $64.90 per share, for a total transaction of $486,750.00. Following the transaction, the director owned 7,500 shares of the company’s stock, valued at $486,750. This trade represents a ? increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders sold 109,106 shares of company stock worth $7,539,602. Company insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On Archer Daniels Midland

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Quadrant Capital Group LLC grew its holdings in Archer Daniels Midland by 0.6% in the 4th quarter. Quadrant Capital Group LLC now owns 23,166 shares of the company’s stock valued at $1,332,000 after buying an additional 146 shares during the period. Atlantic Union Bankshares Corp boosted its position in shares of Archer Daniels Midland by 5.1% in the fourth quarter. Atlantic Union Bankshares Corp now owns 3,127 shares of the company’s stock worth $180,000 after acquiring an additional 153 shares during the last quarter. Summit Financial LLC boosted its position in shares of Archer Daniels Midland by 0.9% in the fourth quarter. Summit Financial LLC now owns 16,947 shares of the company’s stock worth $974,000 after acquiring an additional 153 shares during the last quarter. Brookstone Capital Management grew its holdings in Archer Daniels Midland by 4.5% in the fourth quarter. Brookstone Capital Management now owns 3,555 shares of the company’s stock valued at $204,000 after purchasing an additional 154 shares during the period. Finally, Checchi Capital Advisers LLC increased its position in Archer Daniels Midland by 2.6% during the fourth quarter. Checchi Capital Advisers LLC now owns 6,436 shares of the company’s stock worth $370,000 after purchasing an additional 161 shares during the last quarter. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

About Archer Daniels Midland

Archer Daniels Midland Company (ADM) is a global agricultural processor and food-ingredient provider that sources, transports and processes oilseeds, corn, wheat and other agricultural commodities. The company operates large-scale crushing, refining and processing facilities that produce vegetable oils, protein meals, corn sweeteners, starches, ethanol, animal feeds and a wide range of food and industrial ingredients. ADM also develops specialty ingredients and solutions for human and animal nutrition, food and beverage formulation, and industrial applications such as bio-based materials and renewable fuels.

ADM’s business combines commodity origination and merchandising with downstream manufacturing and ingredient formulation.