Brokerages Set Darling Ingredients Inc. (DAR) Price Target at $17.50
Shares of Darling Ingredients Inc. (NYSE:DAR) have been given a consensus rating of “Buy” by the nine brokerages that are covering the firm. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and seven have given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $17.50.
A number of brokerages have weighed in on DAR. Zacks Investment Research cut shares of Darling Ingredients from a “hold” rating to a “sell” rating in a research report on Tuesday, November 15th. Canaccord Genuity set a $18.00 price target on shares of Darling Ingredients and gave the company a “buy” rating in a research report on Tuesday, November 8th. TheStreet cut shares of Darling Ingredients from a “buy” rating to a “hold” rating in a research report on Thursday, October 6th. Roth Capital set a $16.50 price target on shares of Darling Ingredients and gave the company a “buy” rating in a research report on Monday, September 19th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $18.00 price target on shares of Darling Ingredients in a research report on Friday, September 16th.
Hedge funds have recently modified their holdings of the company. Acrospire Investment Management LLC raised its stake in shares of Darling Ingredients by 9.5% in the second quarter. Acrospire Investment Management LLC now owns 6,900 shares of the company’s stock worth $103,000 after buying an additional 600 shares during the period. Catalyst Capital Advisors LLC bought a new stake in shares of Darling Ingredients during the third quarter worth about $115,000. Advisor Group Inc. raised its stake in shares of Darling Ingredients by 66.5% in the third quarter. Advisor Group Inc. now owns 9,703 shares of the company’s stock worth $131,000 after buying an additional 3,877 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Darling Ingredients by 182.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,605 shares of the company’s stock worth $143,000 after buying an additional 6,848 shares during the period. Finally, World Asset Management Inc bought a new stake in shares of Darling Ingredients during the third quarter worth about $148,000. Institutional investors and hedge funds own 97.06% of the company’s stock.
Darling Ingredients (NYSE:DAR) opened at 14.59 on Monday. Darling Ingredients has a one year low of $7.78 and a one year high of $15.93. The firm has a market cap of $2.40 billion, a PE ratio of 16.43 and a beta of 1.86. The stock has a 50 day moving average of $13.56 and a 200 day moving average of $14.31.
Darling Ingredients (NYSE:DAR) last announced its quarterly earnings results on Thursday, November 10th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. The firm had revenue of $853.90 million for the quarter, compared to analysts’ expectations of $858.92 million. Darling Ingredients had a net margin of 4.40% and a return on equity of 7.34%. Darling Ingredients’s revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.02) earnings per share. On average, equities analysts forecast that Darling Ingredients will post $0.56 earnings per share for the current year.
About Darling Ingredients
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.
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