Archer-Daniels-Midland Company (ADM) has a market cap of $27 billion and operates globally in the agricultural commodities industry. Despite underperforming the market, ADM stock has seen a 12.3% YTD surge. In Q3, the company’s revenue increased 2.2% to $20.4 billion, but missed expectations. Adjusted EPS fell from $1.09 to $0.92 but beat estimates. ADM reduced its full-year EPS guidance, causing a 6.4% stock price drop after a JP Morgan downgrade. Analysts expect an adjusted EPS of $3.45 for the full fiscal year. The consensus rating for ADM stock is a “Hold,” with one “Strong Buy,” seven “Holds,” two “Moderate Sells,” and one “Strong Sell.” JP Morgan analyst downgraded ADM to “Underweight” with a price target of $59.
Read more at Barchart: Are Wall Street Analysts Predicting Archer-Daniels-Midland Stock Will Climb or Sink?
