Archer-Daniels-Midland Company (ADM) Monthly Stock Report
Published on September 22, 2024
Company Overview
Archer-Daniels-Midland Company (NYSE: ADM), headquartered in Chicago, Illinois, is a major player within the agriculture industry, established in 1902. As a publicly traded firm in the consumer defensive sector, ADM excels in the procurement, transportation, storage, processing, and merchandising of agricultural commodities and ingredients. The company’s operations are divided into three primary segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition. ADM offers a diverse array of products, including soybean meal, vegetable oils, sweeteners, and animal feed ingredients. Operating globally across the United States, Switzerland, Brazil, and other regions, ADM also provides futures commission merchant services and commodity brokerage, further solidifying its stake in both agriculture and financial markets.
Financial Performance and Stock Analysis
The current recommendation for ADM shares is to hold, as the company has reported robust total revenue of approximately $88.77 billion. The current stock price is $61.36, with market analysts projecting a target high price of $67.00, indicating a potential upside of about 9.5%. The mean target price is calculated at $62.23, demonstrating moderate expectations for short-term growth.
Investor sentiment appears positive, with a total of 478,142,016 shares outstanding, out of which only 9,167,357 are reported as short, equating to a low short interest of approximately 0.022%. This suggests confidence in ADM’s performance. Despite a range of price targets from analysts, with the low at $57.00 and the high at $67.00, the consensus recommendation remains a hold based on 10 analyst opinions, underpinned by a mean recommendation score of 3.1.
Market Volatility and Trading Outlook
ADM’s market performance has shown notable volatility over the past year, with a fifty-two week high of $77.35 and a low of $50.72. Currently, the stock trades slightly above its fifty-day moving average of $60.81, reflecting potential upward momentum in the short term. Given its recent rebound from lows—yet still approximately 20.7% shy of its one-year high—investors are advised to proceed with caution while monitoring market conditions.
Investors are encouraged to maintain their positions during this period of assessment and remain alert to further developments that could impact ADM’s performance in the coming months.
| Metric | Value |
|---|---|
| Market Cap | $29.3b |
| Total Debt | $11.9b |
| Total Cash | $764.0m |
| Shares Outstanding | 478.1m |
| Float Shares | 473.5m |
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