BG - Archer-Daniels-Midland: Uncertainty Surrounds The Company But Dividend Remains Safe

2024-01-25 08:30:00 ET

Summary

• Archer-Daniels-Midland's recent share price plunge presents a great buying opportunity for investors looking for dividends.
• Despite recent volatility, the company's dividend is well-covered and expected to continue growing.
• The stock is undervalued with a P/E ratio of less than 8x and offers upside potential of almost 40% to their current price targets.
• Until updated news about recent headwinds, I expect the stock price to hover around or near the current price.
• The company also has an A-rated balance sheet with a net-debt to EBITDA of just 0.9x.

Introduction

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