Archer-Daniels-Midland Company (ADM) : The most positive equity analysts on Archer-Daniels-Midland Company (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 $44.83 with an expected fluctuation of $6.52 from the mean.
Archer-Daniels-Midland Company (ADM) : 8 analysts are covering Archer-Daniels-Midland Company (ADM) and their average rating on the stock is 2.13, which is read as a Buy. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Archer-Daniels-Midland Company (ADM) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Also, Equity analysts at the Brokerage firm Argus Research 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 Hold by the brokerage firm. The rating by the firm was issued on August 4, 2016.
Archer-Daniels-Midland Company (NYSE:ADM): The stock opened at $43.68 on Thursday but the bulls could not build on the opening and the stock topped out at $43.76 for the day. The stock traded down to $42.92 during the day, due to lack of any buying support eventually closed down at $43.14 with a loss of -1.42% for the day. The stock had closed at $43.76 on the previous day. The total traded volume was 2,274,913 shares.
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.