Archer-Daniels-Midland Co (NYSE: ADM) has reported earnings for its second fiscal quarter (ending June 30) of $0.98 versus $1.70 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $5.01 versus $7.51 for the same period a year ago.
Recent Price Action
Archer-Daniels-Midland Co (NYSE: ADM) stock declined modestly by -1.3% on 7/30/24. The stock closed at $62.50. Moreover, this decline was accompanied by unusually high trading volume at 165% of normal. The stock has been weak relative to the market over the last nine months and has declined -2.6% during the last week.
Current PriceTarget Research Rating
ADM’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Archer-Daniels-Midland has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Archer-Daniels-Midland has a good Appreciation Score of 78 but a very low Power Rating of 5, producing the Negative Value Trend Rating.
Rating Review
In light of this new information and negative market action we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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