BMO Capital Reiterates a Hold Rating on Archer Daniels Midland

By Carrie Williams

In a report released yesterday, Kenneth Zaslow from BMO Capital reiterated a Hold rating on Archer Daniels Midland (NYSE: ADM), with a price target of $41. The company’s shares closed yesterday at $41.30.

According to TipRanks.com, Zaslow is a 5-star analyst with an average return of 13.3% and a 80.4% success rate. Zaslow covers the Consumer Goods sector, focusing on stocks such as Mondelez International, Monster Beverage Corp, and Darling Ingredients.

Currently, the analyst consensus on Archer Daniels Midland is Hold and the average price target is $42.33, representing a 2.5% upside.

In a report issued on June 13, Stifel Nicolaus also reiterated a Hold rating on the stock with a $41 price target.

Based on Archer Daniels Midland’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $15 billion and quarterly net profit of $339 million. In comparison, last year the company earned revenue of $14.38 billion and had a net profit of $230 million.

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Archer-Daniels-Midland Co. processes oilseeds, corn, wheat, cocoa and other agricultural commodities. The company operates through the following segments: Oilseeds Processing, Corn Processing, Wild Flavors & Specialty Ingredients and Agricultural Services.