The stocks of ADM have been given a rating of buy by around 13 research firms that had been covering the stocks. According to reports, four of the analysts issued the company with a rating of hold, while eight of them gave it a rating of buy. Currently, the annual price target of the family over the course of a single year has been set at $51.75.
The shares of ADM have been covered in multiple research reports. Argus was the first one to increase the price target on the company from $49 to $55, which was then published in a 3rd November research report. BMO Capital Markets has also decreased the rating of the company from outperform to market perform along with a price target that was increased from $51 to $56. JPMorgan Chase & Co also put up a rating which was increased from neutral and set to overweight. Later, they added a price target of $60 to a research report that was published on the 19th of October.
The Quarterly Estimate of ADM
ADM traded on Friday at $52.82. The debt-to-equity ratio of the company over the period has been 0.41, while the current ratio has been fixed at 1.64. The market cap of the firm is $29.39 billion, along with a PE ratio of 18.66. The moving average price of the company over the course of 50 days has been set at $50.69, while the moving average price of the company over a period of 200 days has been set at $47.32. The year low of Archer-Daniels-Midland has been fixed at $28.92, with the year high being $53.99.
The company recently put up its quarterly report on the 3rd of November. The EPS reported by the firm was $0.89 for the same quarter, which was more than the quarterly estimate of $0.71. The revenue of the firm was $15.13 billion, which missed out on the consensus estimate of $16.69 billion.