Darling Ingredients (NYSE:DAR) had its target price boosted by investment analysts at BMO Capital Markets from $20.00 to $22.00 in a report released on Friday. The firm presently has a “market perform” rating on the stock. BMO Capital Markets’ target price indicates a potential upside of 9.62% from the stock’s previous close.
Separately, Zacks Investment Research downgraded shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 31st. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $20.71.
Shares of Darling Ingredients traded up $0.26, hitting $20.07, on Friday, Marketbeat Ratings reports. The company’s stock had a trading volume of 973,829 shares, compared to its average volume of 828,848. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.18 and a current ratio of 1.90. Darling Ingredients has a fifty-two week low of $15.56 and a fifty-two week high of $20.96. The company has a market capitalization of $3.26 billion, a PE ratio of 83.63 and a beta of 1.37.
Darling Ingredients (NYSE:DAR) last released its quarterly earnings results on Wednesday, August 8th. The company reported $0.11 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.11. Darling Ingredients had a net margin of 4.99% and a return on equity of 6.01%. The business had revenue of $846.65 million for the quarter, compared to the consensus estimate of $868.36 million. During the same period in the prior year, the company posted $0.05 earnings per share. Darling Ingredients’s revenue was down 5.4% compared to the same quarter last year. analysts forecast that Darling Ingredients will post 1.1 EPS for the current year.
Hedge funds have recently added to or reduced their stakes in the stock. Oppenheimer & Co. Inc. grew its stake in shares of Darling Ingredients by 14.0% in the first quarter. Oppenheimer & Co. Inc. now owns 45,104 shares of the company’s stock valued at $780,000 after acquiring an additional 5,554 shares in the last quarter. Suntrust Banks Inc. grew its stake in Darling Ingredients by 13.4% during the first quarter. Suntrust Banks Inc. now owns 43,552 shares of the company’s stock worth $753,000 after buying an additional 5,151 shares in the last quarter. Swiss National Bank grew its stake in Darling Ingredients by 2.2% during the first quarter. Swiss National Bank now owns 286,700 shares of the company’s stock worth $4,960,000 after buying an additional 6,300 shares in the last quarter. Trellus Management Company LLC acquired a new stake in Darling Ingredients during the first quarter worth about $2,249,000. Finally, Stevens Capital Management LP acquired a new stake in Darling Ingredients during the first quarter worth about $453,000. Institutional investors and hedge funds own 99.45% of the company’s stock.
About Darling Ingredients
Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers a range of ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.
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