Could Archer-Daniels-Midland Company (ADM) Go Down After Achieving 52-Week High?

April 21, 2018 - By Kurt Siggers

Archer-Daniels-Midland Company (NYSE:ADM) Logo

Investors sentiment decreased to 1 in 2017 Q4. Its down 0.21, from 1.21 in 2017Q3. It dived, as 53 investors sold Archer-Daniels-Midland Company shares while 201 reduced holdings. 75 funds opened positions while 180 raised stakes. 419.48 million shares or 0.49% more from 417.42 million shares in 2017Q3 were reported.
Etrade Management Ltd has 0.06% invested in Archer-Daniels-Midland Company (NYSE:ADM). Chevy Chase Trust Incorporated owns 683,549 shares for 0.12% of their portfolio. Ibm Retirement Fund owns 0.1% invested in Archer-Daniels-Midland Company (NYSE:ADM) for 13,612 shares. Axa stated it has 0.02% in Archer-Daniels-Midland Company (NYSE:ADM). 2.88 million are held by Invesco Limited. 288,690 are held by Bnp Paribas Arbitrage Sa. Cubist Systematic Strategies Limited Company stated it has 0.01% of its portfolio in Archer-Daniels-Midland Company (NYSE:ADM). Gemmer Asset Mngmt Ltd Company stated it has 0.01% of its portfolio in Archer-Daniels-Midland Company (NYSE:ADM). Edge Wealth Mgmt stated it has 0% in Archer-Daniels-Midland Company (NYSE:ADM). First Personal Fincl Service has invested 0.01% of its portfolio in Archer-Daniels-Midland Company (NYSE:ADM). Farmers Merchants holds 0% or 559 shares in its portfolio. Cullen Capital Mngmt Ltd Llc holds 0.13% or 96,730 shares. 11,300 were accumulated by First Quadrant Limited Partnership Ca. 344,838 are held by Retirement Systems Of Alabama. Dimensional Fund Advsr L P owns 0.08% invested in Archer-Daniels-Midland Company (NYSE:ADM) for 4.81 million shares.

Since March 12, 2018, it had 0 buys, and 2 selling transactions for $952,039 activity. Another trade for 399 shares valued at $17,749 was made by Cuddy Christopher M on Monday, March 12.

The stock of Archer-Daniels-Midland Company (NYSE:ADM) hit a new 52-week high and has $48.23 target or 6.00 % above today’s $45.50 share price. The 9 months bullish chart indicates low risk for the $25.43B company. The 1-year high was reported on Apr, 21 by Barchart.com. If the $48.23 price target is reached, the company will be worth $1.53 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 0.63% or $0.29 during the last trading session, reaching $45.5. About 4.38M shares traded or 8.54% up from the average. Archer-Daniels-Midland Company (NYSE:ADM) has declined 5.47% since April 21, 2017 and is downtrending. It has underperformed by 17.02% the S&P500.

Analysts await Archer-Daniels-Midland Company (NYSE:ADM) to report earnings on May, 1 before the open. They expect $0.59 EPS, down 1.67 % or $0.01 from last year’s $0.6 per share. ADM’s profit will be $329.74M for 19.28 P/E if the $0.59 EPS becomes a reality. After $0.82 actual EPS reported by Archer-Daniels-Midland Company for the previous quarter, Wall Street now forecasts -28.05 % negative EPS growth.

Archer-Daniels-Midland Company (NYSE:ADM) Ratings Coverage

Among 11 analysts covering Archer Daniels Midland (NYSE:ADM), 6 have Buy rating, 1 Sell and 4 Hold. Therefore 55% are positive. Archer Daniels Midland has $53 highest and $36 lowest target. $45.67’s average target is 0.37% above currents $45.5 stock price. Archer Daniels Midland had 17 analyst reports since October 31, 2017 according to SRatingsIntel. The stock has “Overweight” rating by Stephens on Wednesday, February 7. The company was maintained on Wednesday, February 7 by Robert W. Baird. As per Tuesday, October 31, the company rating was maintained by Stifel Nicolaus. Goldman Sachs upgraded the stock to “Buy” rating in Monday, March 12 report. Robert W. Baird maintained Archer-Daniels-Midland Company (NYSE:ADM) rating on Wednesday, November 1. Robert W. Baird has “Buy” rating and $47.0 target. Piper Jaffray maintained Archer-Daniels-Midland Company (NYSE:ADM) on Tuesday, October 31 with “Hold” rating. Buckingham Research maintained Archer-Daniels-Midland Company (NYSE:ADM) on Monday, April 9 with “Buy” rating. The firm earned “Hold” rating on Monday, January 22 by Stifel Nicolaus. The rating was upgraded by Vertical Group to “Buy” on Thursday, February 15. The rating was maintained by BMO Capital Markets on Wednesday, November 1 with “Market Perform”.

Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States and internationally. The company has market cap of $25.43 billion. It operates through four divisions: Carbohydrate Solutions, Nutrition, Oilseeds, and Origination. It has a 16.31 P/E ratio. The firm offers oilseeds, corn, wheat, milo, oats, rice, and barley; and structured trade finance, as well as processes wheat into wheat flour.

Archer-Daniels-Midland Company (NYSE:ADM) Institutional Positions Chart

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