Reviewing The Case For Archer Daniels Midland Co (ADM) Going Higher

Currently, there are 513.00M common shares owned by the public and among those 474.95M shares have been available to trade.

The company’s stock has a 5-day price change of -7.67% and -10.62% over the past three months. ADM shares are trading -28.00% year to date (YTD), with the 12-month market performance down to -28.68% lower. It has a 12-month low price of $50.72 and touched a high of $77.35 over the same period. ADM has an average intraday trading volume of 2.54 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -7.83%, -11.18%, and -12.30% respectively.

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Institutional ownership of Archer Daniels Midland Co (NYSE: ADM) shares accounts for 80.85% of the company’s 513.00M shares outstanding.

It has a market capitalization of $24.86B and a beta (3y monthly) value of 0.72. The stock’s trailing 12-month PE ratio is 10.42, while the earnings-per-share (ttm) stands at $4.99. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.88% over the week and 2.17% over the month.

Earnings per share for the fiscal year are expected to decrease by -26.19%, and 1.52% over the next financial year. EPS should shrink at an annualized rate of -4.66% over the next five years, compared to 15.02% over the past 5-year period.

Looking at the support for the ADM, a number of firms have released research notes about the stock. Citigroup stated their Neutral rating for the stock in a research note on February 01, 2024, with the firm’s price target at $57. Stifel was of a view on January 22, 2024 that the stock is Hold, while ROTH MKM gave the stock Neutral rating on January 22, 2024, issuing a price target of $98- $66. Robert W. Baird on their part issued Neutral rating on January 22, 2024.

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