The Week

ADM gained 3.77% this week, closing at $84.61, while the S&P 500 added just 0.09%. The stock outperformed by about 3.68 percentage points. The week opened soft: Monday (31 Aug) dipped to $78.97 before a rally into Wednesday (2 Sep), when the stock hit an intraday high of $86.11. It gave back some ground on Thursday and Friday to finish at $84.61. There was no major company-specific catalyst during the week. Trading volume of 17.9m shares was in line with its recent average.

Analyst Ratings

Of the 11 brokers covering ADM, 1 rates it buy, 8 rate it hold, and 2 rate it under. The consensus rating is hold, with a consensus target of $78.70, about 6.98% below the latest price of $84.61. Targets range from $60 to $95, reflecting wide disagreement. ADM ranks 2nd by rating within a 13-stock agricultural products industry group.

The Week Ahead

Next week brings a busy macro calendar. Tuesday (8 Sep) has the NFIB small business optimism index, prior 99.8. Thursday (10 Sep) is the heavy day: initial jobless claims, final demand PPI, existing home sales, wholesale sales, and EIA natural gas storage all land that day. Final demand PPI is expected at 5.3% versus a prior 4.7%, while core PPI is forecast at 0.3% after 0.2%. The 10-year Treasury auction is also due that day, with the prior high yield at 4.683%. ADM has no earnings scheduled next week.

This article is generated by LongbridgeAI from market data, for information only and not investment advice.