Argus Research Keeps Their Hold Rating on Archer Daniels Midland (ADM)

In a report released on March 24, from Argus Research maintained a Hold rating on Archer Daniels Midland. The company’s shares closed yesterday at $71.44.

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Archer Daniels Midland has an analyst consensus of Moderate Sell, with a price target consensus of $62.00, implying a -13.21% downside from current levels. In a report released yesterday, BMO Capital also maintained a Hold rating on the stock with a $65.00 price target.

Based on Archer Daniels Midland’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $18.56 billion and a net profit of $456 million. In comparison, last year the company earned a revenue of $21.5 billion and had a net profit of $567 million

Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ADM in relation to earlier this year. Earlier this month, Christopher Cuddy, the SVP of ADM sold 35,000.00 shares for a total of $2,572,500.00.