Archer Daniels Midland Company (ADM) was Upgraded by JP Morgan to ” Neutral”. Earlier the firm had a rating of “Underweight ” on the company shares. JP Morgan advised their investors in a research report released on Apr 22, 2016.
Many Wall Street Analysts have commented on Archer Daniels Midland Company. Archer Daniels Midland Company was Downgraded by BofA/Merrill to ” Neutral” on Mar 7, 2016. Archer Daniels Midland Company was Downgraded by Argus to ” Hold” on Feb 12, 2016.
On the company’s financial health, Archer Daniels Midland Company reported $0.61 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Feb 2, 2016. Analyst had a consensus of $0.64. The company had revenue of $16445.00 million for the quarter, compared to analysts expectations of $19295.37 million. The company’s revenue was down -21.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.00 EPS.
Archer Daniels Midland Company closed down -0.52 points or -1.34% at $38.35 with 37,01,165 shares getting traded on Wednesday. Post opening the session at $39, the shares hit an intraday low of $38.2 and an intraday high of $39.163 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Feb 5, 2016, Francisco J Sanchez (director) purchased 1,000 shares at $34.35 per share price. According to the SEC, on Nov 24, 2015, Joseph D. Taets (Senior Vice President) purchased 3,000 shares at $36.24 per share price. On Nov 20, 2015, Juan R Luciano (CEO) purchased 2,772 shares at $36.03 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 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.