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Jefferies Stick to Their Buy Rating for Archer Daniels Midland

Published 11/12/2021, 04:14 AM
ADM
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JEF
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Jefferies (NYSE:JEF) analyst Robert Dickerson maintained a Buy rating on Archer Daniels Midland on Monday, setting a price target of $62, which is approximately 6.26% below the present share price of $66.14.

Dickerson expects Archer Daniels Midland to post earnings per share (EPS) of $0.93 for the fourth quarter of 2021.

The current consensus among 5 TipRanks analysts is for a Strong Buy rating of shares in Archer Daniels Midland, with an average price target of $69.8.
The analysts price targets range from a high of $76 to a low of $62.

In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $20.34 billion and a net profit of $606 million. The company's market cap is $37 billion.

According to TipRanks.com, Jefferies analyst Robert Dickerson is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 6.3% and a 57.26% success rate.

Archer-Daniels-Midland Company (NYSE:ADM) 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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