Archer-Daniels-Midland Company (NYSE:ADM) has been upgraded by Argus, which now rates the stock as Buy versus Hold prior rating , according to a note issued on November 08. Analysts at JP Morgan, shed their negative views on July 09 by lifting it fromUnderweight to Neutral. The stock won favor of Monness Crespi & Hardt analysts who expressed their confidence in it using an upgrade from Sell to Neutral on May 02.
Archer-Daniels-Midland Company (ADM) hit an intraday high Thursday at $43.39. The shares finished at $43.37, after trading as low as $42.78 earlier in the session. It rose 0.7% in recent trade and currently has a stock-market value of $24.5B. Trading activity significantly weakened as the volume at ready counter decreased to 2,795,938 shares versus 3,784,635 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 3,488,871 shares. The stock is now 10.75% above against its bear-market low of $39.16 on December 26, 2018. It has retreated -20.04% since it’s 52-week high of $52.06 reached in October. Now the market price is up 7.83% on the year and up 5.86% YTD.
ADM’s 50 day simple moving average (SMA 50) price is $44.83 and its 200-day simple moving average (SMA 200) price is $46.62. The company’s stock currently has a total float of 559.09M shares. Its weekly volatility is hovering around 1.79% and felt 2.4% volatility in price over a month. On the upside, the share price will test short term resistance at around $43.58. On a downside, the stock is likely to find some support, which begins at $42.97. The failure to get near-term support could push it to $42.57.
Separately, it has been reported that multiple insider activity took place at Archer-Daniels-Midland Company (ADM). CFO Young Ray G acquired 2,100 shares for $310,191 in transaction occurred on 2018/11/07. After making this transaction, the CFO owns a direct stake of 99,435 shares, worth $13,452,984, as per the last closing price. On 2018/10/08 Stott John P, Group VP, Finance & Controller at ADM, dumped 2,500 shares at an average price of $52 per share. The selling total is valued at $1,449,816.
Senior Vice President, Taets Joseph D. had divested 2,153 shares for $170,095 through a trade on 2018/08/27. Following this activity, the insider holds 109,803 shares worth $7,377,020 as of recent close. Wall Street’s most bullish Archer-Daniels-Midland Company (NYSE:ADM) analysts are predicting the share price to blow past $58 per share during the next 12 months. The current median share price forecast by them is $54, suggesting that the stock could increase 24.51% in that time frame. The average price target of $53 calls for a nearly 22.2% increase in the stock price.
When looking at valuations, Archer-Daniels-Midland Company (ADM) has a cheap P/E of 11.99x as compared to industry average of 20.85x. Moreover, it trades for 11.89 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 1.29x price/book and 0.38x price/sales. Compared to others, Archer-Daniels-Midland Company is in a different league with regards to profitability, having net margins of 3.5%. To put some perspective around this, the industry’s average net margin is 8.15%. ADM’s ROE is 12.2%, which is also considerably worse than the industry’s ROE of 14.91%. It’s also very liquid in the near term, with a current ratio of 1.7. The stock has a debt/capital of 0.41.
Shares of Archer-Daniels-Midland Company (ADM) have dropped -10.5% since the company’s Mar-19 earnings report. Over the past 12 fiscal quarters, Archer-Daniels-Midland Company (NYSE:ADM) has topped consensus earnings estimates in 6 quarters (50%), missed earnings in 6 quarters (50%), whereas at 0 occasion EPS met analyst expectations. ADM last reported earnings on November 06, 2018 when it released Sep-18 results that exceeded expectations. The company raked in $0.92 per share, -91.07% change on the same period last year. That was better than consensus for $0.83. Revenue for the recent quarter stood at $15.8 billion, up 7% on last year and above the $15.36 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $15.84 billion to $16.41 billion, which should be compared with $15.46 billion generated last year. EPS is seen in a range of $0.87 to $1.05, against the $0.72 reported a year ago.