Price Target Update on Archer-Daniels-Midland Company (NYSE:ADM)

Archer-Daniels-Midland Company (NYSE:ADM) : The consensus price target for Archer-Daniels-Midland Company (NYSE:ADM) is $40.67 for the short term with a standard deviation of $6.8. The most optimist securities analyst among the 6 who monitor the stock believes that the stock can reach $50, however, the pessimist price target for the company is $33.

Other Equity analysts have also commented on the company shares. Equity analysts at the Brokerage firm Citigroup upgrades its rating on Archer-Daniels-Midland Company (NYSE:ADM). The rating major has initiated the coverage with buy rating on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The Analysts at Citigroup raises the price target from $42 per share to $50 per share. The rating by the firm was issued on May 26, 2016.

Archer-Daniels-Midland Company (NYSE:ADM): stock turned positive on Thursday. Though the stock opened at $42.43, the bulls momentum made the stock top out at $42.76 level for the day. The stock recorded a low of $42.43 and closed the trading day at $42.71, in the green by 1.69%. The total traded volume for the day was 1,955,653. The stock had closed at $42 in the previous days trading.

The company shares have dropped -17.16% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $51.62 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $40.99 and the 200 Day Moving Average price is recorded at $36.99. On the companys insider trading activities, Taets Joseph D., officer (Senior Vice President) of Archer Daniels Midland Co, unloaded 3,867 shares at an average price of $43 on May 26, 2016. The total amount of the transaction was worth $166,281, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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.

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