Archer Daniels Midland (NYSE:ADM) Given New $60.00 Price Target at Morgan Stanley

Archer Daniels Midland (NYSE:ADM) had its price target boosted by equities researchers at Morgan Stanley from $58.00 to $60.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has an “underweight” rating on the stock. Morgan Stanley’s price target would indicate a potential downside of 30.12% from the stock’s previous close.

A number of other equities analysts have also weighed in on ADM. Barclays upped their target price on Archer Daniels Midland from $77.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. Wall Street Zen upgraded shares of Archer Daniels Midland from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Archer Daniels Midland in a research report on Friday. UBS Group raised their price objective on shares of Archer Daniels Midland from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, June 15th. Finally, Jefferies Financial Group boosted their price target on Archer Daniels Midland from $65.00 to $77.00 and gave the company a “hold” rating in a report on Monday, April 6th. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $75.67.

Archer Daniels Midland Stock Down 0.1%

Archer Daniels Midland stock opened at $85.86 on Monday. The firm has a market capitalization of $41.38 billion, a price-to-earnings ratio of 38.50 and a beta of 0.62. Archer Daniels Midland has a 1-year low of $52.96 and a 1-year high of $86.00. The company has a current ratio of 1.31, a quick ratio of 0.80 and a debt-to-equity ratio of 0.28. The firm has a 50 day simple moving average of $79.32 and a 200 day simple moving average of $72.27.

Archer Daniels Midland (NYSE:ADM) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.05. Archer Daniels Midland had a return on equity of 7.37% and a net margin of 1.34%.The business had revenue of $20.49 billion for the quarter, compared to analysts’ expectations of $21.35 billion. During the same quarter in the prior year, the firm posted $0.70 EPS. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. Archer Daniels Midland has set its FY 2026 guidance at 4.150-4.70 EPS. On average, analysts predict that Archer Daniels Midland will post 4.71 earnings per share for the current year.

Institutional Trading of Archer Daniels Midland

Several hedge funds have recently made changes to their positions in the business. Global Trust Asset Management LLC purchased a new stake in Archer Daniels Midland during the first quarter valued at approximately $29,000. OP Asset Management Ltd bought a new stake in shares of Archer Daniels Midland during the first quarter worth $30,000. Toth Financial Advisory Corp purchased a new stake in Archer Daniels Midland in the 4th quarter valued at about $25,000. Motiv8 Investments LLC bought a new stake in shares of Archer Daniels Midland during the fourth quarter valued at approximately $26,000. Finally, Sankala Group LLC purchased a new stake in shares of Archer Daniels Midland in the fourth quarter valued at approximately $28,000. 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.