Citi has revised its price target for Archer Daniels Midland Company (ADM, Financial), lowering it to $49 from the previous $51, while maintaining a Neutral rating on the stock. This adjustment comes as the firm anticipates a challenging earnings season for companies in the agricultural products sector.
The analysis suggests that earnings results for these companies are more likely to show declines rather than improvements. Furthermore, Archer Daniels (ADM, Financial) and its peers might present more cautious forward-looking statements compared to their outlooks from the last quarter. The overall sentiment reflects a cautious stance on the near-term prospects of the industry.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 9 analysts, the average target price for Archer-Daniels-Midland Co (ADM, Financial) is $50.00 with a high estimate of $56.00 and a low estimate of $45.00. The average target implies an upside of 7.69% from the current price of $46.43. More detailed estimate data can be found on the Archer-Daniels-Midland Co (ADM) Forecast page.
Based on the consensus recommendation from 12 brokerage firms, Archer-Daniels-Midland Co's (ADM, Financial) average brokerage recommendation is currently 3.3, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Archer-Daniels-Midland Co (ADM, Financial) in one year is $77.19, suggesting a upside of 66.25% from the current price of $46.43. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Archer-Daniels-Midland Co (ADM) Summary page.
