In yesterday’s Wall Street session, Archer Daniels Midland Co. (NYSE:ADM) shares traded at $63.89, down -0.02% from the previous session.
ADM stock price is now 12.14% away from the 50-day moving average and -9.90% away from the 200-day moving average. The market capitalization of the company currently stands at $32.57B.
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With the price target of $57, Citigroup recently initiated with Neutral rating for Archer Daniels Midland Co. (NYSE: ADM). , while ‘Stifel’ rates the stock as ‘Hold’
In other news, Strader Fruit Molly L, Vice Pres., Corp. Controller sold 1,455 shares of the company’s stock on Jul 26 ’23. The stock was sold for $126,294 at an average price of $86.80. Upon completion of the transaction, the Vice Pres., Corp. Controller now directly owns 10,809 shares in the company, valued at $0.69 million. A total of 0.81% of the company’s stock is owned by insiders.
During the past 12 months, Archer Daniels Midland Co. has had a low of $50.72 and a high of $87.30. As of last week, the company has a debt-to-equity ratio of 0.40, a current ratio of 1.60, and a quick ratio of 0.95. The fifty day moving average price for ADM is $57.15 and a two-hundred day moving average price translates $70.86 for the stock.
The latest earnings results from Archer Daniels Midland Co. (NYSE: ADM) was released for Dec, 2023. According to the Farm Products Company, earnings per share came in at $1.36, missing analysts’ expectations of $1.43 by -0.07. This compares to $1.85 EPS in the same period last year. The net profit margin was 3.71% and return on equity was 14.39% for ADM. The company reported revenue of $22.98 billion for the quarter, compared to $25.94 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -11.42 percent. For the current quarter, analysts expect ADM to generate $22.23B in revenue.
