Archer-Daniels Midland Stock Hits New 52-Week High (ADM)
Archer-Daniels Midland Company (NYSE:ADM) hit a new 52-week high Wednesday as it changed hands at $36.40 compared with its previous 52-week high of $36.29. Archer-Daniels Midland is currently trading at $36.36 with 420,202 shares changing hands as of 9:35 a.m..
NEW YORK ( TheStreet) -- Archer-Daniels Midland Company (NYSE: ADM) hit a new 52-week high Wednesday as it traded at $36.40 compared with its previous 52-Week high of $36.29. Archer-Daniels Midland is changing hands at $36.36 with 420,202 shares traded as of 9:35 a.m. ET. Average volume has been 6.1 million shares over the past 30 days. Archer-Daniels Midland has a market cap of $23 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 20% year to date as of the close of trading on Tuesday. Archer Daniels Midland Company procures, transports, stores, processes, and merchandises agricultural commodities and products in the United States and internationally. It operates in three segments: Oilseeds Processing, Corn Processing, and Agricultural Services. The company has a P/E ratio of 11.9, equal to the average food & beverage industry P/E ratio and below the S&P 500 P/E ratio of 23.4. TheStreet Ratings rates Archer-Daniels Midland as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, attractive valuation levels and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Archer-Daniels Midland Ratings Report.