At the time of writing, Archer Daniels Midland Co. [ADM] stock is trading at $62.99, up 1.89%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ADM shares have gain 2.74% over the last week, with a monthly amount glided 19.32%, and seem to be holding up well over a long-time horizon.
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On 22, March 2024, ADM and Water.org Partner to Increase Global Access to Safe Water and Sanitation. In a post published today on Yahoo Finance, ADM contributes $1 million to support Water.org programming in Latin America and Southeast Asia.
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.
For the past year, the stock price of Archer Daniels Midland Co. fluctuated between $50.72 and $87.30. Currently, Wall Street analysts expect the stock to reach $71.33 within the next 12 months. Archer Daniels Midland Co. [NYSE: ADM] shares were valued at $62.99 at the most recent close of the market. An investor can expect a potential return of 13.24% based on the average ADM price forecast.
Analyzing the ADM fundamentals
According to Archer Daniels Midland Co. [NYSE:ADM], the company’s sales were 93.97B for trailing twelve months, which represents an -12.41% plunge. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.36.
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 62.32 points at the first support level, and at 61.66 for the second support level. However, for the 1st resistance point, the stock is sitting at 63.41, and for the 2nd resistance point, it is at 63.84.
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
It is important to note that Archer Daniels Midland Co. [NYSE:ADM] has a current ratio of 1.60. Also, the Quick Ratio is 0.95, while the Cash Ratio stands at 0.29. Considering the valuation of this stock, the price to sales ratio is 0.34, the price to book ratio is 1.34 and price to earnings (TTM) ratio is 9.83.
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.
