Archer Daniels Midland Co. [ADM] stock is trading at $59.31, up 1.89%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ADM shares have gain 8.21% over the last week, with a monthly amount glided 11.34%, and seem to be holding up well over a long-time horizon.
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On 13, March 2024, ADM Announces $1 Billion Accelerated Share Repurchase Agreement. In a post published today on Yahoo Finance, ADM (NYSE: ADM) today announced that it has entered into an accelerated share repurchase (ASR) agreement with delayed share delivery with Merrill Lynch International, an affiliate of BofA Securities, Inc., to repurchase $1 billion of ADM’s common stock.
From an analyst’s perspective:
Archer Daniels Midland Co. [NYSE: ADM] stock has seen the most recent analyst activity on February 01, 2024, when Citigroup initiated its Neutral rating and assigned the stock a price target of $57. Previously, Argus downgraded its rating to Hold on January 23, 2024. On January 22, 2024, downgrade downgraded it’s rating to Hold and revised its price target to $56 on the stock. ROTH MKM downgraded its rating to a Neutral and decreased its price target to $66 on January 22, 2024. Robert W. Baird downgraded its rating to a Neutral and reduced its price target to $61 on January 22, 2024. Goldman downgraded its rating to Neutral for this stock on January 22, 2024, and downed its price target to $67. In a note dated January 22, 2024, Barclays downgraded an Underweight rating on this stock but restated the target price of $60.
Archer Daniels Midland Co. [ADM] stock has fluctuated between $50.72 and $87.30 over the past year. Currently, Wall Street analysts expect the stock to reach $89.33 within the next 12 months. Archer Daniels Midland Co. [NYSE: ADM] shares were valued at $59.31 at the most recent close of the market. An investor can expect a potential return of 50.62% based on the average ADM price forecast.
Analyzing the ADM fundamentals
Archer Daniels Midland Co. [NYSE:ADM] reported sales of 93.97B for the trailing twelve months, which represents a drop of -12.41%. Gross Profit Margin for this corporation currently stands at 0.07% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.14 and Total Capital is 0.11. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.36.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 58.08 points at the first support level, and at 56.86 for the second support level. However, for the 1st resistance point, the stock is sitting at 60.16, and for the 2nd resistance point, it is at 61.01.
Archer Daniels Midland Co. [ADM] reported earnings per share of $1.36 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.43/share, meaning a difference of -$0.07 and a surprise factor of -4.90%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.63 per share as compared to estimates of $1.52 per share, a difference of $0.11 representing a surprise of 7.20%.
Ratios To Look Out For
For context, Archer Daniels Midland Co.’s Current Ratio is 1.60. As well, the Quick Ratio is 0.95, while the Cash Ratio is 0.29. Considering the valuation of this stock, the price to sales ratio is 0.32, the price to book ratio is 1.26 and price to earnings (TTM) ratio is 9.26.
Transactions by insiders
Recent insider trading involved Strader Fruit Molly L, Vice Pres., Corp. Controller, that happened on Jul 26 ’23 when 1455.0 shares were sold.
