The stock of Archer Daniels Midland Company (NYSE:ADM) hit a new 52-week high and has $68.53 target or 46.00% above today’s $46.94 share price. The 9 months bullish chart indicates low risk for the $27.30B company. The 1-year high was reported on Nov, 1 by Barchart.com. If the $68.53 price target is reached, the company will be worth $12.56 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 3.71M shares traded hands or 59.91% up from the average. Archer Daniels Midland Company (NYSE:ADM) has risen 18.98% since March 30, 2016 and is uptrending. It has outperformed by 15.97% the S&P500.
Archer Daniels Midland Company (NYSE:ADM) Ratings Coverage
Out of 9 analysts covering Archer Daniels Midland Company (NYSE:ADM), 3 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 33% are positive. $54 is the highest target while $33 is the lowest. The $44.38 average target is -5.45% below today’s ($46.94) stock price. Archer Daniels Midland Company has been the topic of 17 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Thursday, January 7 by Standpoint Research. On Monday, March 7 the stock rating was downgraded by Bank of America to “Neutral”. The firm has “Outperform” rating by Macquarie Research given on Monday, August 29. Buckingham Research maintained the stock with “Neutral” rating in Wednesday, November 4 report. The company was upgraded on Thursday, May 26 by Citigroup. As per Thursday, April 28, the company rating was downgraded by Standpoint Research. Argus Research upgraded Archer Daniels Midland Company (NYSE:ADM) on Thursday, August 4 to “Buy” rating. On Monday, October 19 the stock rating was initiated by Buckingham Research with “Neutral”. Citigroup downgraded the shares of ADM in a report on Wednesday, July 29 to “Neutral” rating. Argus Research downgraded Archer Daniels Midland Company (NYSE:ADM) on Friday, February 12 to “Hold” rating.
According to Zacks Investment Research, “Archer Daniels Midland Company procures, transports, stores, processes, and merchandises agricultural commodities and products. Its operations are classified into three business segments: Oilseeds Processing, Corn Processing, and Agricultural Services. The Company processes oilseeds, corn, wheat, cocoa, and other agricultural commodities. It manufactures protein meal, vegetable oil, corn sweeteners, flour, biodiesel, ethanol, and other value-added food and feed ingredients. Archer-Daniels-Midland Company is headquartered in Decatur, Illinois.”
Insitutional Activity: The institutional sentiment decreased to 0.97 in 2016 Q2. Its down 0.07, from 1.04 in 2016Q1. The ratio dropped, as 51 funds sold all Archer Daniels Midland Company shares owned while 218 reduced positions. 70 funds bought stakes while 190 increased positions. They now own 416.55 million shares or 4.91% less from 438.05 million shares in 2016Q1.
Hermes Ltd holds 0.02% of its portfolio in Archer Daniels Midland Company (NYSE:ADM) for 19,750 shares. Kcg Holdg Inc has 0.01% invested in the company for 8,606 shares. Fmr Limited holds 333,683 shares or 0% of its portfolio. Mu Invs holds 0.1% of its portfolio in Archer Daniels Midland Company (NYSE:ADM) for 3,600 shares. Sun Life Financial has invested 0.06% of its portfolio in Archer Daniels Midland Company (NYSE:ADM). Umb Bank & Trust N A Mo has 0.02% invested in the company for 13,322 shares. Rocky Mountain Advisers Ltd holds 100 shares or 0.02% of its portfolio. First Republic Invest has 273,085 shares for 0.11% of their US portfolio. Concert Wealth Mgmt last reported 4,850 shares in the company. Ridgeworth Cap Management Llc holds 592 shares or 0% of its portfolio. The Florida-based State Board Of Administration Of Florida Retirement Systems has invested 0.12% in Archer Daniels Midland Company (NYSE:ADM). Gabelli Funds Ltd Llc has 0.16% invested in the company for 622,000 shares. Pggm Investments owns 419,130 shares or 0.09% of their US portfolio. Barry Invest Ltd last reported 140,704 shares in the company. Oregon Pub Employees Retirement Fund holds 211,032 shares or 0.2% of its portfolio.
Insider Transactions: Since May 17, 2016, the stock had 1 buying transaction, and 4 sales for $3.22 million net activity. $1.87 million worth of Archer Daniels Midland Company (NYSE:ADM) was sold by D AMBROSE MICHAEL. The insider Stott John P sold 1,756 shares worth $66,171. Shares for $166,281 were sold by Taets Joseph D. on Thursday, May 26. Sanchez Francisco J had bought 500 shares worth $18,720.
More news for Archer Daniels Midland Company (NYSE:ADM) were recently published by: Stltoday.com, which released: “Archer Daniels Midland’s profit beats estimates” on November 01, 2016. Nasdaq.com‘s article titled: “Can Archer Daniels (ADM) Pull a Surprise in Q3 Earnings?” and published on October 25, 2016 is yet another important article.
ADM Company Profile
Archer-Daniels-Midland Company, incorporated on May 2, 1923, is a processor of oilseeds, corn, wheat and other agricultural commodities. The Firm makes protein meal, vegetable oil, corn sweeteners, flour, biodiesel, ethanol, and other food and feed ingredients. The Company’s divisions include Agricultural Services; Corn Processing; Oilseeds Processing; Wild Flavors and Specialty Ingredients; Others, and Corporate. The Firm also has a global grain elevator and transportation network to procure, store, clean and transport agricultural commodities, such as oilseeds, corn, wheat, milo, oats and barley, as well as processed agricultural commodities. The Firm is engaged in procuring, transporting, storing, processing, and merchandising agricultural commodities and products.
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