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Archer-Daniels-Midland Company , headquartered in Chicago, Illinois, is a global leader in the agricultural processing and food ingredients industry. With a market cap of $29.89 billion, ADM provides a vast array of products and services across categories such as nutrition, animal feed, and biofuels.
Companies valued at $10 billion or more are classified as "large-cap" stocks, and Archer-Daniels-Midland is a prime example of this, underscoring its significant scale, stability, and influence within the global agriculture and food industry. ADM continues to drive innovation and deliver value across global markets, focusing on sustainable solutions and food security.
ADM shares are trading 24.6% below their 52-week high of $80.14, which they hit on Sep. 20, 2023. The stock has gained marginally over the past three months, underperforming the Consumer Staples Select Sector SPDR Fund , which has gained 7.4% over the same time frame.
In the longer term, ADM is down 16.3% on a YTD basis, and the shares have declined 23.8% over the past 52 weeks. In comparison, the XLP has gained 15.8% in 2024 and rallied 17% over the past year.
To confirm its bearish trend, ADM has been trading below its 50-day moving average since early September and the 200-day moving average since mid-July.
Following the release of its Q2 earnings on Jul. 30, ADM’s stock declined by 1.3% and continued to trade in the red for the subsequent five sessions. The company reported an 11.7% year-over-year decline in revenues to $22.2 billion and a significant 50.9% drop in adjusted net income to $508 million.
ADM has lagged behind its rival, FMC Corporation , which marginally gained on a YTD basis.
Given the stock's recent weak price performance, analysts are cautious about ADM's prospects. The stock has a consensus rating of "Hold" from 11 analysts in coverage. The mean price target is $62.50, which indicates that the stock trades at a premium.
On the date of publication, Rashmi Kumari did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The latest trading session saw Archer Daniels Midland (ADM) ending at $60.41, denoting a +0.03% adjustment from its last day's close. The stock's performance was behind the S&P 500's daily gain of 0.13%. Meanwhile, the Dow gained 0.55%, and the Nasdaq, a tech-heavy index, lost 0.52%.
Shares of the agribusiness giant have appreciated by 2.2% over the course of the past month, underperforming the Consumer Staples sector's gain of 4.49% and the S&P 500's gain of 3.67%.
The investment community will be closely monitoring the performance of Archer Daniels Midland in its forthcoming earnings report. The company is predicted to post an EPS of $1.38, indicating a 15.34% decline compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $20.94 billion, indicating a 3.49% decrease compared to the same quarter of the previous year.
ADM's full-year Zacks Consensus Estimates are calling for earnings of $5.33 per share and revenue of $88.06 billion. These results would represent year-over-year changes of -23.64% and -6.25%, respectively.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Archer Daniels Midland. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 2.47% downward. Right now, Archer Daniels Midland possesses a Zacks Rank of #4 (Sell).
Looking at valuation, Archer Daniels Midland is presently trading at a Forward P/E ratio of 11.33. This signifies a discount in comparison to the average Forward P/E of 21.49 for its industry.
The Agriculture - Operations industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 143, which puts it in the bottom 44% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Zacks Investment Research
Sept 13 (Reuters) - Basis bids for corn and soybeans shipped by barge to the U.S. Gulf Coast were firmer on Friday on rising freight costs and as shippers anticipated a restart of export loading following terminal closures caused by Hurricane Francine, traders said.
* Soybean basis values have firmed this week as barge freight costs climbed while demand for new-crop supplies has improved, particularly from top importer China. Worries about dry late-season weather in the United States and an arid start to Brazil's season also kept a floor under prices.
* Spot barge freight costs in the Midwest have surged by 50 to 125 percentage points of tariff in the past week on rising harvest-season demand and low water problems on the lower Mississippi River that are restricting tonnage per barge.
* Rains from the now-downgraded Hurricane Francine are expected to lift river levels, but not by much. The waterway at Memphis is still forecast to fall to within about 3.5 feet of its all-time low later this month, according to National Water Prediction Service data.
* Shippers are loading less grain in barges to limit drafts in the low water conditions. Barge lines are also restricting the number of barges per tow to navigate the narrower shipping channel.
* CIF corn barges loaded in September were bid 2 cents higher at 70 cents over Chicago Board of Trade December CZ24 futures.
* October export premiums were unquoted on tight near-term export loading capacity following recent rain delays and the hurricane, traders said.
* FOB Gulf export premiums for corn shipped in November were unchanged at 110 cents over CBOT December futures.
* CIF September soy barges were bid 7 cents higher at 68 cents over CBOT November soybean SX24 futures.
* FOB November soy export premiums were unchanged at 117 cents over futures.
(Reporting by Karl Plume in ChicagoEditing by Marguerita Choy)
(( karl.plume@thomsonreuters.com ; +1 313 484 5285) )
For displays of CIF basis, click on the codes in brackets: U.S. CIF Gulf soybeans GRYM U.S. CIF Gulf corn GRYN U.S. CIF Gulf SRW wheat GRYO U.S. CIF Gulf HRW wheat GRYPFor displays of FOB basis, please click on the following codes in brackets: U.S. FOB Gulf corn GRZC U.S. FOB Gulf soybeans GRZD U.S. FOB Gulf SRW wheat GRZE U.S. FOB Gulf HRW wheat GRZF LINKS Corn prices page: Open=corn-cash-marketWheat prices page: Open=wheat-cash-marketU.S. barge freight BG/USU.S. export sales estimates USDA/ESTU.S. grain export summary GRA/UBrazil soybean export prices SYBSBrazil corn export prices SYBXArgentina grain prices GRA/ARGRussia grain prices GRA/RU
Keywords: USA-GRAINS/EXPORTS
Sept 12 (Reuters) - Basis bids for corn shipped by barge to the U.S. Gulf Coast were flat to lower on Thursday as shipping disruptions on the Mississippi River and loading delays at export terminals around New Orleans backed up supplies in the Midwest, traders said.
* Lower Mississippi River levels have fallen back to near historic lows for a third straight year due to a lack of precipitation. The Mississippi River at Memphis is forecast to recede to within 3 feet of its all-time low later this month, according to National Water Prediction Service data.
* Shippers are loading less grain in barges to limit drafts in the low water conditions. Barge lines are also restricting the number of barges per tow to navigate the narrower shipping channel.
* The low water has also spiked barge freight costs ahead of the Midwest harvest, making U.S. export prices less competitive.
* Gulf grain terminals were shut down as Hurricane Francine approached. As the storm has come ashore, grain companies are still assessing any damage to infrastructure and power.
* Corn export sales fell short of expectations in a weekly U.S. Department of Agriculture report, while soybean sales were near the high end of trade estimates. EXP/CORNEXP/SOY
* CIF bids for corn barges loaded in September were unquoted while offers were down 7 cents at 72 cents over Chicago Board of Trade December CZ24 futures. October barges were bid at about 76 cents over futures, down 4 cents.
* FOB Gulf export premiums for corn shipped in November were unchanged at 110 cents over CBOT December futures, holding level as hurricane delays have limited loading capacity.
* CIF September soy barges were bid a penny higher at 61 cents over CBOT November soybean SX24 futures. FOB November soy export premiums were unchanged at 117 cents over futures.
(Reporting by Karl Plume in Chicago; Editing by Alan Barona)
(( karl.plume@thomsonreuters.com ; +1 313 484 5285) )
For displays of CIF basis, click on the codes in brackets: U.S. CIF Gulf soybeans GRYM U.S. CIF Gulf corn GRYN U.S. CIF Gulf SRW wheat GRYO U.S. CIF Gulf HRW wheat GRYPFor displays of FOB basis, please click on the following codes in brackets: U.S. FOB Gulf corn GRZC U.S. FOB Gulf soybeans GRZD U.S. FOB Gulf SRW wheat GRZE U.S. FOB Gulf HRW wheat GRZF LINKS Corn prices page: Open=corn-cash-marketWheat prices page: Open=wheat-cash-marketU.S. barge freight BG/USU.S. export sales estimates USDA/ESTU.S. grain export summary GRA/UBrazil soybean export prices SYBSBrazil corn export prices SYBXArgentina grain prices GRA/ARGRussia grain prices GRA/RU
Keywords: USA-GRAINS/EXPORTS
Sept 11 (Reuters) - Spot basis bids fell for soybeans shipped by barge to the U.S. Gulf Coast on Wednesday as Hurricane Francine and low water levels on the Mississippi River disrupted crop shipments, traders said.
* Declining CIF values reflected expectations for supply pipelines to back up due to a lack of barges unloading, a broker said.
* In the FOB market, export offers were scarce at the Gulf, a trader said.
* A lack of rain keeping river levels low has slowed grain and soy transportation to the Gulf by prompting shippers to restrict the amount of tonnage on barges and the number of barges that are attached together.
* Barge companies also are not directing barges to go into the Mississippi Gulf region until Francine exits the region, according to the Soy Transportation Coalition.
* U.S. grains merchant Archer-Daniels-Midland ADM.N said it is taking precautions to protect employees and assets in areas affected by the storm.
* The Mississippi River would benefit if Francine brings rains that boost low water levels that have caused barge freight rates to spike, traders said.
* U.S. soy harvesting is underway in the Mississippi Delta region and expected to advance in the Midwest next week. The U.S. export book is disappointing for the harvest period due to slow demand and competition for sales from Brazil, a trader said.
* CIF soy barges loaded in September were bid at about 60 cents over Chicago Board of Trade November soybean SX24 futures, down 12 cents. October CIF soy barges were bid around 72 cents over futures, down 5 cents.
* FOB export premiums for Gulf soybeans loaded in November, the earliest available slot, were about 117 cents over futures.
* CIF bids for corn barges loaded in September were about 76 cents over CBOT December CZ24 futures, down 3 cents. October barges were bid at about 80 cents over futures, down a penny.
* FOB Gulf export premiums for corn shipped in November were about 110 cents over CBOT December futures.
(Reporting by Tom Polansek; Editing by Krishna Chandra Eluri)
(( Thomas.Polansek@thomsonreuters.com ))
For displays of CIF basis, click on the codes in brackets: U.S. CIF Gulf soybeans GRYM U.S. CIF Gulf corn GRYN U.S. CIF Gulf SRW wheat GRYO U.S. CIF Gulf HRW wheat GRYPFor displays of FOB basis, please click on the following codes in brackets: U.S. FOB Gulf corn GRZC U.S. FOB Gulf soybeans GRZD U.S. FOB Gulf SRW wheat GRZE U.S. FOB Gulf HRW wheat GRZF LINKS Corn prices page: Open=corn-cash-marketWheat prices page: Open=wheat-cash-marketU.S. barge freight BG/USU.S. export sales estimates USDA/ESTU.S. grain export summary GRA/UBrazil soybean export prices SYBSBrazil corn export prices SYBXArgentina grain prices GRA/ARGRussia grain prices GRA/RU
Keywords: USA-GRAINS/EXPORTS
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