ADM announces plan to address accounting issues, posts earnings miss
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Archer Daniels Midland (ADM) PT Lowered to $71 at BofA Securities
March 14, 2024 5:34 AM EDTBofA Securities analyst Steve Byrne lowered the price target on Archer Daniels Midland (NYSE: ADM) to $71.00 (from $85.00) while maintaining a Neutral rating.
The analyst comments "We maintain our Neutral rating as we balance ADMs undemanding valuation at ~10x 2024E EPS with earnings... More
Archer Daniels Midland (ADM) PT Lowered to $74 at Wolfe Research
March 13, 2024 4:29 AM EDTWolfe Research analyst Sam Margolin lowered the price target on Archer Daniels Midland (NYSE: ADM) to $74.00 (from $82.00) while maintaining a Outperform rating.
The analyst comments "As of 10/23, ADM shares are -22% YTD, tracking the Biofuels average -22%, but behind the XOP +9% and... More
Archer Daniels Midland (ADM) PT Lowered to $64 at Goldman Sachs
March 13, 2024 4:21 AM EDTGoldman Sachs analyst Adam Samuelson lowered the price target on Archer Daniels Midland (NYSE: ADM) to $64.00 (from $67.00) while maintaining a Neutral rating.
The analyst comments "ADM shares outperformed the broader market today (ADM +3.9% vs. S&P +1.1%) after reporting 4Q23 results and an initial 2024 outlook broadly inline with incoming... More
Archer Daniels Midland (ADM) PT Raised to $58 at Stifel
March 12, 2024 3:54 PM EDTStifel analyst Vincent Anderson raised the price target on Archer Daniels Midland (NYSE: ADM) to $58.00 (from $56.00) while maintaining a Hold rating.
The analyst comments "We are updating our estimates for ADM following 4Q23 reporting. On net, our estimates are lowered for 2024 as a... More
CFRA Upgrades Archer Daniels Midland (ADM) to Buy
March 12, 2024 12:41 PM EDTCFRA analyst Arun Sundaram upgraded Archer Daniels Midland (NYSE: ADM) from Hold to Buy with a price target of $67.00 (from $61.00).
The analyst comments "We lift our 12-month target by $6 to $67, 10.9x our 2024 adj-EPS of $6.13 (up from $6.10; 2025's set at $6.34) vs. the 14x long-term average forward P/E.... More
Archer Daniels Midland (ADM) misses earnings, revenue consensus estimates
March 12, 2024 7:31 AM EDTArcher Daniels Midland (NYSE: ADM) reported fourth-quarter earnings that fell short of Wall Street expectations, with adjusted earnings per share (EPS) of $1.36 compared to the consensus estimate of $1.43. Revenue for the quarter was also below analyst forecasts, coming in at $22.98 billion against expectations of $23.64 billion. Despite the miss, the company's stock climbed 3.44%.
The agribusiness giant provided full-year 2024 adjusted EPS guidance in the range of $5.25 to $6.25, with the midpoint below the consensus estimate of $5.87. This projection reflects an 18% decrease at the midpoint from the company's 2023 performance, attributing the expected... More
