Archer-Daniels-Midland Company (ADM): Price Target and June Short Interest Disclosure

Archer-Daniels-Midland Company (ADM) stock is expected to deviate a maximum of $6.86 from the average target price of $41.5 for the short term period. 6 Street Experts have initiated coverage on the stock with the most promising target being $50 and the most muted being $33.

Archer-Daniels-Midland Company (ADM) has shown a drop of 23.8% or 2,623,659 shares in the short positions. The bets have increased to 8,421,356 shares on June 30,2016 from 11,045,015 shares on June 15,2016. With respect to the floated shares, the shorts are 1.5%. The days to cover are calculated to be 2, using the standard per day volume of 3,765,992 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, In the latest statement by the brokerage house, Citigroup upgrades its outlook on Archer-Daniels-Midland Company (NYSE:ADM). The current rating of the shares is Buy, according to the research report released by the firm. Previously, the company had a rating of Neutral. The brokerage firm 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 $43.35, the bulls momentum made the stock top out at $43.6 level for the day. The stock recorded a low of $43.14 and closed the trading day at $43.48, in the green by 0.88%. The total traded volume for the day was 2,840,197. The stock had closed at $43.1 in the previous days trading.

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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