
Archer-Daniels-Midland Company (ADM) Stock Forecast & Price Target
Archer-Daniels-Midland Company (ADM) Analyst Ratings
Bulls say
Archer-Daniels Midland has demonstrated strong performance in its Starches and Sweeteners segment, with year-over-year growth attributed to higher margins in both North America and the global wheat milling business. The company anticipates a robust year for its Ag Services & Oilseeds sector, bolstered by an increase in US soy crush capacity expected in 2024 due to new plants coming online, while efforts to diversify into more stable segments like Nutrition and BioSolutions are projected to enhance returns and reduce earnings volatility. Additionally, ADM's commitment to share repurchase programs and productivity improvements, alongside favorable ethanol market conditions, further underscores a positive outlook for the company's financial performance.
Bears say
Archer-Daniels Midland (ADM) has lowered its 2023 earnings per share (EPS) outlook to "above $6.90," which falls short of both BMO's and consensus estimates of approximately $7.32. The company anticipates a modest decline in overall results due to pressures in its animal nutrition segment and challenges in maintaining strong margins in the crush and ethanol businesses, leading to diminished confidence in earnings sustainability. Additionally, ongoing leadership changes and investigations may result in a smaller and less profitable Nutrition segment, further complicating ADM's financial outlook amidst an uncertain operating environment.
This aggregate rating is based on analysts' research of Archer-Daniels-Midland Company and is not a guaranteed prediction by Public.com or investment advice.
Archer-Daniels-Midland Company (ADM) Analyst Forecast & Price Prediction
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