Macquarie Maintains Archer Daniels Midland Company to Outperform with Price Target $50.00

Brokerage firm Macquarie Maintains its rating on Archer Daniels Midland Company(NYSE:ADM). In a research note issued to the investors, the brokerage major Raises the price-target to $50.00 per share. The shares have been rated Outperform. The rating by Macquarie was issued on Aug 29, 2016.

In a different note, On Aug 4, 2016, Argus Research said it Upgrades its rating on Archer Daniels Midland Company. The shares have been rated ‘Buy’ by the firm. BB&T Capital said it Initiates Coverage on Archer Daniels Midland Company, according to a research note issued on Jul 12, 2016. The shares have been rated ‘Hold’ by the firm.

Archer Daniels Midland Company (ADM) shares turned negative on Thursdays trading session with the shares closing down -0.62 points or -1.42% at a volume of 22,74,913. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $43.76. The peak price level was also seen at $43.76 while the days lowest was $42.915. Finally the shares closed at $43.14. The 52-week high of the shares is $47.03 while the 52-week low is $29.86. According to the latest information available, the market cap of the company is $25,097 M.

Archer Daniels Midland Company(ADM) last announced its earnings results on Aug 2, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $15.63B. Analysts had an estimated revenue of $16.36B. Earnings per share were $0.41. Analysts had estimated an EPS of $0.45.

Several Insider Transactions has been reported to the SEC. On Aug 1, 2016, Ambrose Michael D (Senior Vice President) sold 41,525 shares at $45.00 per share price.Also, On May 26, 2016, Joseph D. Taets (Senior Vice President) sold 3,867 shares at $43.00 per share price.On May 18, 2016, Francisco J Sanchez (director) purchased 500 shares at $37.44 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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.

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