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J.P. Morgan Keeps Their Hold Rating on Archer Daniels Midland (ADM)

J.P. Morgan analyst Thomas Palmer maintained a Hold rating on Archer Daniels Midland (ADMResearch Report) yesterday and set a price target of $83.00. The company’s shares closed last Thursday at $74.40.

According to TipRanks.com, Palmer is a 2-star analyst with an average return of 1.8% and a 45.0% success rate. Palmer covers the Basic Materials sector, focusing on stocks such as Darling Ingredients, Mission Produce, and Bunge.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Archer Daniels Midland with a $97.88 average price target.

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Based on Archer Daniels Midland’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $23.65 billion and net profit of $1.05 billion. In comparison, last year the company earned revenue of $18.89 billion and had a net profit of $689 million.

Based on the recent corporate insider activity of 69 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ADM in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Archer-Daniels-Midland Company is a multinational food processing company. The company engages in procurement, transportation, storage, processing, and selling agricultural commodities, products, and ingredients worldwide.

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