Short Term Price Target on Archer-Daniels-Midland Company (ADM)

Archer-Daniels-Midland Company (NYSE:ADM) : The most positive equity analysts on Archer-Daniels-Midland Company (NYSE:ADM) expects the shares to touch $50, whereas, the least positive believes that the stock will trade at $33 in the short term. The company is covered by 6 Wall Street Brokerage Firms. The average price target for shares are $41.5 with an expected fluctuation of $6.86 from the mean.

Shares of Archer-Daniels-Midland Company rose by 0.42% in the last five trading days and 0.14% for the last 4 weeks. Archer-Daniels-Midland Company is up 18.55% in the last 3-month period. Year-to-Date the stock performance stands at 18.95%. Also, In a research note released to the investors, Citigroup upgrades its rating on Archer-Daniels-Midland Company (NYSE:ADM).The analysts at the brokerage house have a current rating of Buy on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. In a recent information released to the investors, Citigroup raises the new 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) : 1 brokerage houses believe that Archer-Daniels-Midland Company (NYSE:ADM) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Archer-Daniels-Midland Company (NYSE:ADM). Zacks Investment Research suggests a Buy with a rank of 2. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 7 Wall Street Analysts endorse the stock as a Hold with a rating of 2.86.

Archer-Daniels-Midland Company (NYSE:ADM): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $41.70 and $41.64 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $42.90. The buying momentum continued till the end and the stock did not give up its gains. It closed at $42.89, notching a gain of 3.15% for the day. The total traded volume was 4,139,163 . The stock had closed at $41.58 on the previous day.

In an insider trading activity,The officer (Senior Vice President) of Archer Daniels Midland Co, Taets Joseph D. sold 3,867 shares at $43 on May 26, 2016. The Insider selling transaction had a total value worth of $166,281. The Insider information was disclosed 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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