Archer Daniels Midland’s (ADM) Underweight Rating Reaffirmed at JPMorgan Chase & Co.

Archer Daniels Midland (NYSE:ADM)‘s stock had its “underweight” rating reissued by equities research analysts at JPMorgan Chase & Co. in a research note issued to investors on Wednesday, Marketbeat Ratings reports. They presently have a $59.00 price objective on the stock, down from their prior price objective of $61.00. JPMorgan Chase & Co.‘s target price suggests a potential downside of 1.86% from the company’s current price.

Other research analysts also recently issued reports about the stock. Morgan Stanley raised their price target on shares of Archer Daniels Midland from $47.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 12th. UBS Group reaffirmed a “buy” rating and issued a $70.00 price objective (up previously from $60.00) on shares of Archer Daniels Midland in a report on Monday, August 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Archer Daniels Midland in a report on Wednesday, October 8th. Barclays raised shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $50.00 to $61.00 in a report on Wednesday, August 6th. Finally, Wall Street Zen raised shares of Archer Daniels Midland from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. One analyst has rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $55.25.

Archer Daniels Midland Trading Up 0.1%

Archer Daniels Midland stock opened at $60.12 on Wednesday. The firm’s 50-day moving average is $61.57 and its 200-day moving average is $55.84. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 1.42. Archer Daniels Midland has a 1 year low of $40.98 and a 1 year high of $65.00. The company has a market cap of $28.89 billion, a P/E ratio of 26.49, a PEG ratio of 4.78 and a beta of 0.70.

Archer Daniels Midland (NYSE:ADM) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.04. Archer Daniels Midland had a net margin of 1.33% and a return on equity of 8.43%. The company had revenue of $20.37 billion for the quarter, compared to the consensus estimate of $20.96 billion. During the same period last year, the firm posted $1.09 EPS. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. Archer Daniels Midland has set its FY 2025 guidance at 3.250-3.500 EPS. On average, equities analysts expect that Archer Daniels Midland will post 4.31 earnings per share for the current year.

Hedge Funds Weigh In On Archer Daniels Midland

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp grew its position in Archer Daniels Midland by 0.7% in the 2nd quarter. State Street Corp now owns 34,617,404 shares of the company’s stock valued at $1,827,107,000 after buying an additional 223,716 shares in the last quarter. Wellington Management Group LLP grew its position in Archer Daniels Midland by 17.9% in the 1st quarter. Wellington Management Group LLP now owns 24,944,136 shares of the company’s stock valued at $1,197,568,000 after buying an additional 3,791,597 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Archer Daniels Midland by 3.6% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 18,076,118 shares of the company’s stock valued at $954,058,000 after buying an additional 620,794 shares in the last quarter. Geode Capital Management LLC grew its position in Archer Daniels Midland by 2.3% in the 2nd quarter. Geode Capital Management LLC now owns 12,457,546 shares of the company’s stock valued at $654,772,000 after buying an additional 283,207 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of Archer Daniels Midland by 3.7% during the 1st quarter. Northern Trust Corp now owns 11,448,325 shares of the company’s stock valued at $549,634,000 after purchasing an additional 413,314 shares in the last quarter. Institutional investors own 78.28% of the company’s stock.

About Archer Daniels Midland

Archer-Daniels-Midland Company engages in the procurement, transportation, storage, processing, and merchandising of agricultural commodities, ingredients, flavors, and solutions in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally. It operates in three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.