Archer-Daniels-Midland Company (ADM) : 7 analysts are covering Archer-Daniels-Midland Company (ADM) and their average rating on the stock is 2.86, which is read as a Hold. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Archer-Daniels-Midland Company (ADM) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Archer-Daniels-Midland Company (ADM) : The most positive equity analysts on Archer-Daniels-Midland Company (ADM) expects the shares to touch $50, whereas, the least positive believes that the stock will trade at $33 in the short term. The company is covered by 6 Wall Street Brokerage Firms. The average price target for shares are $41.5 with an expected fluctuation of $6.86 from the mean.
Archer-Daniels-Midland Company (NYSE:ADM): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $41.67 and $41.21 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $42.23. The buying momentum continued till the end and the stock did not give up its gains. It closed at $42.12, notching a gain of 0.41% for the day. The total traded volume was 5,464,706 . The stock had closed at $41.95 on the previous day.
Also, Major Brokerage house, Citigroup upgrades its ratings on Archer-Daniels-Midland Company (NYSE:ADM). In the latest research report, Citigroup raises the target price from $42 per share to $50 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on May 26, 2016. The company shares have dropped -11.70% from its 1 Year high price. On Aug 4, 2015, the shares registered one year high at $49.50 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $41.87 and the 200 Day Moving Average price is recorded at $37.41.
Archer-Daniels-Midland Company is a processor of oilseeds, corn, wheat, cocoa, and other agricultural commodities and manufactures protein meal, vegetable oil, corn sweeteners, flour, biodiesel, ethanol, and other value-added food and feed ingredients. The Companys segments include Oilseeds Processing, Corn Processing, Agricultural Services and Wild Flavors and Specialty Ingredients. The Corn Processing segment is engaged in corn wet milling and dry milling activities. The Agricultural Services segment utilizes its United States grain elevator , global transportation network and port operations to buy, store, clean and transport agricultural commodities, such as oilseeds, corn, wheat, milo, oats, rice and barley, and resells these commodities primarily as food and feed ingredients and as raw materials for the agricultural processing industry. Wild Flavors products include flavors, colors, sweeteners and health ingredients, as well as ready-to-market concepts and complete solutions.