Chicago-based Archer-Daniels-Midland Company (ADM) engages in the procurement, transportation, storage, processing, and merchandising of agricultural commodities, ingredients, flavors, and solutions. With a market cap of $27.3 billion, the company’s operations span the Americas, Europe, and internationally.

The agriculture major has substantially underperformed the broader market over the past year, but outperformed in 2025. Over the past 52 weeks, ADM dipped 55 bps, trailing behind the S&P 500 Index’s ($SPX) 21.9% returns. In 2025, ADM surged 14.5% outpacing SPX's 7.8% gains on a YTD basis.

Zooming in further, ADM also underperformed the Vaneck Agribusiness ETF’s (MOO) 5.2% gains over the past 52 weeks, but outperformed MOO’s 12.4% returns in 2025.

Archer-Daniels-Midland’s stock prices soared 6% in a single trading session following the release of its better-than-expected Q2 results on Aug. 5. The company reported a 4.9% year-over-year drop in revenues to $21.2 billion, but surpassed the Street’s expectations by 28 basis points. Meanwhile, the company has continued to make progress on operational improvement and cost-saving measures. Its adjusted net earnings declined 11% year-over-year to $452. However, its adjusted EPS of $0.93 surpassed the consensus estimates by 5.7%.

On an even more positive note, the company has experienced significant improvement in its cash flow generation. In the first two quarters of 2025, its operating cash flows totaled approximately $4 billion, up a staggering 238.7% year-over-year.

For the full fiscal 2025, ending in December, analysts expect ADM to deliver an adjusted EPS of $4, down 15.6% year-over-year. The company has a robust earnings surprise history. It has met or surpassed the Street’s bottom-line estimates in each of the past four quarters.

The stock has a consensus “Hold” rating overall. Of the 11 analysts covering the stock, opinions include one “Strong Buy,” eight “Holds,” and two “Moderate Sells.”

This configuration is slightly more optimistic than three months ago, when none of the analysts gave “Buy” recommendations and one of the analysts gave “Strong Sell” suggestions.

On Aug. 6, Barclays (BCS) analyst Benjamin Theurer upgraded ADM from “Underweight” to “Equal-Weight” and set a price target of $61.

As of writing, the stock is trading notably above its mean price target of $51.30.