Archer Daniels Midland (NYSE:ADM) Rating Lowered to “Hold” at Zacks Research

Archer Daniels Midland (NYSE:ADM) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday, Zacks reports.

Several other brokerages also recently weighed in on ADM. Jefferies Financial Group raised shares of Archer Daniels Midland to a “hold” rating in a report on Tuesday, September 29th. Morgan Stanley upgraded shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $60.00 to $79.00 in a research note on Wednesday, August 5th. Weiss Ratings raised Archer Daniels Midland from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 5th. UBS Group upped their price target on shares of Archer Daniels Midland from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, June 15th. Finally, Wall Street Zen upgraded Archer Daniels Midland from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 26th. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Archer Daniels Midland currently has an average rating of “Hold” and a consensus target price of $79.67.

Archer Daniels Midland Price Performance

ADM opened at $82.19 on Monday. The company has a market cap of $39.61 billion, a price-to-earnings ratio of 22.52, a price-to-earnings-growth ratio of 2.52 and a beta of 0.64. The company has a current ratio of 1.39, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27. Archer Daniels Midland has a 12-month low of $55.58 and a 12-month high of $88.75. The stock has a fifty day simple moving average of $81.82 and a two-hundred day simple moving average of $78.59.

Archer Daniels Midland (NYSE:ADM) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.35. The company had revenue of $22.68 billion during the quarter, compared to analyst estimates of $22.75 billion. Archer Daniels Midland had a return on equity of 9.21% and a net margin of 2.16%.The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter last year, the company earned $0.93 EPS. Archer Daniels Midland has set its FY 2026 guidance at 5.150-5.600 EPS. Research analysts predict that Archer Daniels Midland will post 5.46 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Archer Daniels Midland

A number of hedge funds have recently modified their holdings of the company. Hsbc Holdings PLC purchased a new stake in shares of Archer Daniels Midland during the 2nd quarter worth $76,067,000. Bank of America Corp DE purchased a new position in shares of Archer Daniels Midland during the 2nd quarter worth approximately $180,096,000. Healthcare of Ontario Pension Plan Trust Fund grew its position 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 worth $29,895,000 after buying an additional 219,977 shares during the period. Empowered Funds LLC acquired a new stake in Archer Daniels Midland in the 2nd quarter valued at about $2,585,000. Finally, Jupiter Topco LLC purchased a new stake in shares of Archer Daniels Midland in the second quarter valued at $8,819,000. Hedge funds and other institutional investors own 78.28% of the company’s stock.

About Archer Daniels Midland

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.