Darling Ingredients Inc. (DAR) Downgraded by J P Morgan Chase & Co
J P Morgan Chase & Co lowered shares of Darling Ingredients Inc. (NYSE:DAR) from an overweight rating to a neutral rating in a report published on Friday morning, Marketbeat Ratings reports. J P Morgan Chase & Co currently has $18.00 price objective on the stock, down from their previous price objective of $19.00.
A number of other brokerages also recently weighed in on DAR. Robert W. Baird reiterated a buy rating and set a $20.00 price target on shares of Darling Ingredients in a report on Tuesday, September 26th. Canaccord Genuity reiterated a buy rating and set a $18.00 price target on shares of Darling Ingredients in a report on Monday, September 25th. BidaskClub downgraded Darling Ingredients from a strong-buy rating to a buy rating in a report on Friday, July 28th. Finally, Zacks Investment Research upgraded Darling Ingredients from a strong sell rating to a hold rating in a report on Tuesday, July 18th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $18.40.
Shares of Darling Ingredients (NYSE DAR) opened at 16.38 on Friday. The company’s 50 day moving average price is $17.53 and its 200-day moving average price is $16.12. The firm has a market cap of $2.70 billion, a price-to-earnings ratio of 32.18 and a beta of 1.57. Darling Ingredients has a 1-year low of $11.51 and a 1-year high of $18.65.
Darling Ingredients (NYSE:DAR) last issued its quarterly earnings results on Wednesday, August 9th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.05). Darling Ingredients had a net margin of 2.39% and a return on equity of 3.99%. The business had revenue of $896.30 million for the quarter, compared to analysts’ expectations of $890.91 million. During the same quarter in the prior year, the firm posted $0.19 EPS. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. Equities analysts expect that Darling Ingredients will post $0.41 EPS for the current fiscal year.
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Hedge funds and other institutional investors have recently modified their holdings of the business. Delta Capital Management LLC purchased a new position in Darling Ingredients in the second quarter valued at about $157,000. Victory Capital Management Inc. purchased a new position in Darling Ingredients in the first quarter valued at about $146,000. Miles Capital Inc. grew its stake in Darling Ingredients by 0.3% in the first quarter. Miles Capital Inc. now owns 10,112 shares of the company’s stock valued at $147,000 after purchasing an additional 28 shares in the last quarter. World Asset Management Inc grew its stake in Darling Ingredients by 0.9% in the first quarter. World Asset Management Inc now owns 10,474 shares of the company’s stock valued at $152,000 after purchasing an additional 94 shares in the last quarter. Finally, Malaga Cove Capital LLC purchased a new position in Darling Ingredients in the second quarter valued at about $167,000. Hedge funds and other institutional investors own 95.54% of the company’s stock.
Darling Ingredients Company Profile
Darling Ingredients Inc (Darling) is a developer and producer of sustainable natural ingredients from edible and inedible bio-nutrients, creating 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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