Archer Daniels Midland (ADM) Hits New 12-Month High and Low at $46.25

Shares of Archer Daniels Midland (NYSE:ADM) reached a new 52-week high and low on Friday . The company traded as low as $46.25 and last traded at $45.27, with a volume of 1581705 shares changing hands. The stock had previously closed at $45.79.

A number of research firms have recently weighed in on ADM. ValuEngine upgraded Archer Daniels Midland from a “hold” rating to a “buy” rating in a research report on Friday, April 13th. Credit Suisse Group upped their target price on Archer Daniels Midland from $40.00 to $42.00 and gave the company a “neutral” rating in a research report on Friday, April 6th. Buckingham Research upped their target price on Archer Daniels Midland from $47.00 to $53.00 and gave the company a “buy” rating in a research report on Monday, April 9th. Zacks Investment Research upgraded Archer Daniels Midland from a “sell” rating to a “hold” rating in a research report on Friday, February 9th. Finally, Robert W. Baird upped their target price on Archer Daniels Midland from $47.00 to $49.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $45.15.

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The company has a debt-to-equity ratio of 0.36, a current ratio of 1.59 and a quick ratio of 0.86. The stock has a market capitalization of $25,511.01, a price-to-earnings ratio of 18.64 and a beta of 1.02.

Archer Daniels Midland (NYSE:ADM) last announced its quarterly earnings data on Tuesday, February 6th. The company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.12. Archer Daniels Midland had a return on equity of 7.91% and a net margin of 2.62%. The business had revenue of $16.07 billion during the quarter, compared to the consensus estimate of $16.64 billion. During the same period in the prior year, the company earned $0.75 EPS. Archer Daniels Midland’s revenue for the quarter was down 2.6% on a year-over-year basis. equities analysts forecast that Archer Daniels Midland will post 2.88 EPS for the current year.

In related news, insider Ambrose Michael D sold 20,762 shares of the company’s stock in a transaction on Thursday, April 12th. The stock was sold at an average price of $45.00, for a total transaction of $934,290.00. Following the completion of the sale, the insider now directly owns 219,384 shares in the company, valued at approximately $9,872,280. The sale was disclosed in a filing with the SEC, which is available through this link. 2.70% of the stock is owned by corporate insiders.

Hedge funds have recently made changes to their positions in the stock. Green Square Capital LLC increased its holdings in Archer Daniels Midland by 25.0% in the 4th quarter. Green Square Capital LLC now owns 162,598 shares of the company’s stock worth $6,517,000 after purchasing an additional 32,564 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in Archer Daniels Midland by 11.4% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 48,283 shares of the company’s stock worth $1,935,000 after purchasing an additional 4,941 shares in the last quarter. Xact Kapitalforvaltning AB increased its holdings in Archer Daniels Midland by 7.5% in the 4th quarter. Xact Kapitalforvaltning AB now owns 93,679 shares of the company’s stock worth $3,755,000 after purchasing an additional 6,576 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Archer Daniels Midland by 38.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 70,634 shares of the company’s stock valued at $2,831,000 after buying an additional 19,508 shares during the period. Finally, CNB Bank acquired a new stake in shares of Archer Daniels Midland in the fourth quarter valued at about $112,000. Institutional investors and hedge funds own 77.46% of the company’s stock.

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Archer Daniels Midland Company Profile

Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States and internationally. It operates through four segments: Carbohydrate Solutions, Nutrition, Oilseeds, and Origination. The company offers oilseeds, corn, wheat, milo, oats, rice, and barley; and structured trade finance, as well as processes wheat into wheat flour.

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