Canaccord Genuity Reiterates “$18.00” Price Target for Darling Ingredients Inc. (DAR)
Several other analysts have also weighed in on DAR. JPMorgan Chase & Co. dropped their price objective on shares of Darling Ingredients from $18.00 to $17.00 and set an overweight rating for the company in a report on Monday, August 15th. TheStreet raised shares of Darling Ingredients from a hold rating to a buy rating in a report on Thursday, August 11th. Zacks Investment Research lowered shares of Darling Ingredients from a hold rating to a sell rating in a report on Monday, July 18th. BMO Capital Markets reaffirmed an outperform rating and set a $18.00 price objective on shares of Darling Ingredients in a report on Friday, September 16th. Finally, Roth Capital set a $16.50 price objective on shares of Darling Ingredients and gave the stock a buy rating in a report on Monday, September 19th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of Buy and a consensus price target of $16.94.
Darling Ingredients (NYSE:DAR) opened at 13.59 on Tuesday. The company has a market cap of $2.24 billion, a PE ratio of 20.65 and a beta of 1.86. Darling Ingredients has a 12-month low of $7.78 and a 12-month high of $15.93. The firm has a 50 day moving average price of $13.42 and a 200 day moving average price of $14.35.
Darling Ingredients (NYSE:DAR) last posted its quarterly earnings data on Thursday, November 10th. The company reported $0.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.01. The company earned $853.90 million during the quarter, compared to analyst estimates of $858.92 million. Darling Ingredients had a net margin of 3.27% and a return on equity of 5.90%. The company’s revenue was up .0% on a year-over-year basis. During the same quarter last year, the business posted ($0.02) earnings per share. On average, analysts anticipate that Darling Ingredients will post $0.56 earnings per share for the current fiscal year.
In other news, EVP John Bullock sold 11,258 shares of Darling Ingredients stock in a transaction on Tuesday, August 23rd. The shares were sold at an average price of $14.18, for a total transaction of $159,638.44. Following the transaction, the executive vice president now directly owns 115,711 shares of the company’s stock, valued at $1,640,781.98. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.75% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Convergence Investment Partners LLC purchased a new position in shares of Darling Ingredients during the third quarter worth $247,000. Acrospire Investment Management LLC boosted its position in shares of Darling Ingredients by 39.1% in the third quarter. Acrospire Investment Management LLC now owns 9,597 shares of the company’s stock worth $130,000 after buying an additional 2,697 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new position in shares of Darling Ingredients during the third quarter worth $115,000. Principal Financial Group Inc. boosted its position in shares of Darling Ingredients by 3.1% in the third quarter. Principal Financial Group Inc. now owns 1,216,757 shares of the company’s stock worth $16,438,000 after buying an additional 36,122 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of Darling Ingredients by 2.1% in the third quarter. Northern Trust Corp now owns 3,076,268 shares of the company’s stock worth $41,562,000 after buying an additional 61,924 shares in the last quarter. 95.23% of the stock is currently owned by institutional investors.
Darling Ingredients Company Profile
Darling Ingredients Inc, formerly Darling International Inc, is a developer and producer of sustainable natural ingredients from edible and inedible bio-nutrients. The Company offers a range of ingredients and specialty solutions for customers in the food, pet food, pharmaceutical, feed, fuel, bioenergy and fertilizer industries.
Receive News & Stock Ratings for Darling Ingredients Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Darling Ingredients Inc. and related stocks with our FREE daily email newsletter.