Archer Daniels Midland’s Stock Surpasses Analyst Price Target
In recent trading, shares of Archer Daniels Midland Co. (Symbol: ADM) have risen above the average analyst 12-month target price of $48.50, trading at $48.54 per share. When a stock reaches an analyst’s target, the analyst typically has two choices: downgrade the stock based on valuation or revise the target price upwards. Their decisions may hinge on fundamental developments affecting the company’s performance, suggesting that a target price increase may be warranted if the outlook is positive.
There are 10 distinct analyst targets within the Zacks coverage universe that contribute to the average for Archer Daniels Midland Co. Notably, these targets vary, with at least one analyst setting a price goal as low as $45.00, while another projects a price as high as $55.00. The standard deviation across these estimates stands at $2.798.
The rationale for focusing on the average ADM price target is to harness a “wisdom of crowds” approach. This method aggregates insights from various analysts rather than relying on a single opinion. With ADM’s stock now above the average target price of $48.50 per share, investors are encouraged to evaluate whether this price represents just a milestone toward a higher valuation or if circumstances have stretched its worth to a level that justifies cashing in some gains. Below is a table detailing the current perspectives of analysts covering Archer Daniels Midland Co.:
| Recent ADM Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 0 | 0 | 0 | 0 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 9 | 8 | 8 | 8 |
| Sell ratings: | 1 | 2 | 2 | 2 |
| Strong sell ratings: | 1 | 1 | 1 | 1 |
| Average rating: | 3.27 | 3.36 | 3.36 | 3.36 |
The average rating in the table above uses a scale from 1 to 5, with 1 representing Strong Buy and 5 representing Strong Sell. This article references data from Zacks Investment Research via Quandl.com. For the latest research report on ADM, visit Zacks — available for free.
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Also see:
° SMBK Historical Stock Prices
° DFS Dividend History
° RRC Next earnings Date
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
