Barclays Capital (BCS) Analysts Initiate Coverage on Archer Daniels Midland Company (ADM)
Tuesday, August 23, 2021 1:15 PM



Equities research analysts at Barclays Capital (NYSE: BCS) initiated coverage on shares of Archer Daniels Midland Company (NYSE: ADM) in a research note to investors on Tuesday. The analysts set an "equal weight" rating and a $31.00 price target on the stock.

Separately, analysts at Zacks Investment Research downgraded shares of Archer Daniels Midland Company from a "neutral" rating to an "underperform" rating in a research note to investors on Wednesday, August 10th. Also, analysts at Standpoint Research upgraded shares of Archer Daniels Midland Company from a "hold" rating to a "buy" rating in a research note to investors on Monday, August 8th. They now have a $33.00 price target on the stock.

Shares of Archer Daniels Midland Company traded up 2.86% during mid-day trading on Wednesday, hitting $28.05. Archer Daniels Midland Company has a 52 week low of $26.00 and a 52 week high of $38.02. The stock's 50-day moving average is $29.5 and its 200-day moving average is $32.92. The company has a market cap of $18.289 billion and a price-to-earnings ratio of 8.71.

Archer Daniels Midland Company last announced its quarterly results on Tuesday, August 2nd. The company reported $0.58 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $0.83 EPS by $0.25. The company’s quarterly revenue was up 45.6% on a year-over-year basis. On average, analysts predict that Archer Daniels Midland Company will post $0.79 EPS next quarter.

Archer Daniels Midland Company is principally engaged in procuring, transporting, storing, processing, and merchandising agricultural commodities and products. It is a processor of oilseeds, corn, wheat, cocoa, and other agricultural commodities and is a manufacturer of vegetable oil and protein meal, corn sweeteners, flour, biodiesel, ethanol, and other food and feed ingredients. The Company also has a grain elevator and transportation network to procure, store, clean, and transport agricultural commodities, such as oilseeds, corn, wheat, milo, oats, and barley, as well as processed agricultural commodities. The Company’s operations are classified into three business segments: Oilseeds Processing, Corn Processing, and Agricultural Services. The Oilseeds Processing segment includes activities related to the origination, merchandising, crushing, and further processing of oilseeds. Corn Processing segment is engaged in corn wet milling and dry milling activities.

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