Archer-Daniels-Midland Co (NYSE: ADM) has reported E.P.S. of $1.42 for its first fiscal quarter (ending March 31) versus $2.13 for the same period a year ago — a decline of -33%. However, this result exceeded the consensus estimate of $1.39 by $0.03. E.P.S. were $5.72 for the latest four quarters through March 31 versus $7.99 for the same period a year ago — a decline of -28%.
Recent Price Action
Archer-Daniels-Midland Co (NYSE: ADM) stock closed at $58.66 on 4/30/24 after a decline of -3.3%. Moreover, above average trading volume at 135% of normal accompanied the decline. The stock has declined -6.1% during the last week and has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
ADM is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
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 2, and the Negative Value Trend Rating results.
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.
Be the first to comment