#6 - Archer-Daniels Midland (NYSE:ADM)
The Archer-Daniels Midland Company (NYSE: ADM) helps provide products and services that are essential to the agricultural industry. This puts it at the beginning of the supply chain, and the stock should have a long runway for growth.
The company has one of the most attractive valuations of any of the consumer stocks on this list. ADM stock trades at a forward P/E ratio of 10x. However, some investors may be concerned about projections for an 11% decline in earnings in the next 12 months. That was evidenced in the company's last earnings report, which showed a YOY dip on the bottom line.
But looking ahead, the company has a forward P/E ratio of just 10x. And the Archer-Daniels Midland analyst ratings on MarketBeat suggest a 23% upside for the stock.
And that lets you focus on the company's dividend, which currently offers a 2.29% yield. Not surprisingly, this is another Dividend King that has increased its dividend for 51 consecutive years.
About Archer-Daniels-Midland
Archer-Daniels-Midland Company engages in the procurement, transportation, storage, processing, and merchandising of agricultural commodities, ingredients, flavors, and solutions in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally. It operates in three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.
Read More - Current Price
- $50.49
- Consensus Rating
- Reduce
- Ratings Breakdown
- 0 Buy Ratings, 14 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $60.62 (20.1% Upside)
