Archer Daniels Midland Company (ADM) is Upgraded by Argus to Buy

Archer Daniels Midland Company (ADM) was Upgraded by Argus to ” Buy”. Earlier the firm had a rating of “Hold ” on the company shares. Argus advised their investors in a research report released on Aug 4, 2016.

Many Wall Street Analysts have commented on Archer Daniels Midland Company. Archer Daniels Midland Company was Initiated by BB&T Capital Mkts to “Hold” on Jul 12, 2016. Archer Daniels Midland Company was Upgraded by Citigroup to ” Buy” on May 26, 2016.

On the company’s financial health, Archer Daniels Midland Company reported $0.41 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Aug 2, 2016. Analyst had a consensus of $0.45. The company had revenue of $15629.00 million for the quarter, compared to analysts expectations of $16806.97 million. The company’s revenue was down -9.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.60 EPS.

Archer Daniels Midland Company closed down -0.79 points or -1.79% at $43.45 with 47,18,167 shares getting traded on Tusday. Post opening the session at $43.05, the shares hit an intraday low of $42.88 and an intraday high of $44.61 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on Aug 1, 2016, Ambrose Michael D (Senior Vice President) sold 41,525 shares at $45.00 per share price. According to the SEC, on May 26, 2016, Joseph D. Taets (Senior Vice President) sold 3,867 shares at $43.00 per share price. On May 18, 2016, Francisco J Sanchez (director) purchased 500 shares at $37.44 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 Company’s 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.

Archer Daniels Midland Company

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