Darling Ingredients Inc. (DAR) Lifted to Buy at Zacks Investment Research
Darling Ingredients Inc. (NYSE:DAR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Wednesday. The brokerage currently has a $19.00 price target on the stock. Zacks Investment Research‘s price target would suggest a potential upside of 13.64% from the stock’s previous close.
According to Zacks, “Darling Ingredients Inc. is a provider of rendering, cooking oil and bakery waste recycling and recovery solutions. It collects and transforms all aspects of animal by-product streams into broadly used and specialty ingredients, such as gelatin, edible fats, feed-grade fats, animal proteins and meals, plasma, pet food ingredients, organic fertilizers, yellow grease, fuel feedstock, green energy, natural casings and hides. The Company also provides grease trap services to food service establishments, environmental services to food processors and sells restaurant cooking oil delivery and collection equipment. Darling Ingredients Inc., formerly known as Darling International Inc., is headquartered in Irving, Texas. “
DAR has been the subject of several other research reports. Robert W. Baird reissued an “outperform” rating and set a $20.00 price target on shares of Darling Ingredients in a research report on Wednesday, August 23rd. J P Morgan Chase & Co set a $19.00 price target on shares of Darling Ingredients and gave the company a “buy” rating in a research report on Monday, August 14th. BidaskClub raised shares of Darling Ingredients from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 6th. Finally, Canaccord Genuity reissued a “buy” rating and set a $18.00 price target on shares of Darling Ingredients in a research report on Monday, September 25th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Darling Ingredients currently has a consensus rating of “Buy” and a consensus price target of $18.50.
Darling Ingredients (DAR) traded up 0.06% during trading on Wednesday, hitting $16.72. The stock had a trading volume of 1,078,873 shares. The stock’s 50-day moving average price is $17.58 and its 200-day moving average price is $16.18. The company has a market capitalization of $2.75 billion, a P/E ratio of 32.85 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 announced its quarterly earnings results on Wednesday, August 9th. The company reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.05). The firm had revenue of $896.30 million for the quarter, compared to the consensus estimate of $890.91 million. Darling Ingredients had a net margin of 2.39% and a return on equity of 3.99%. Darling Ingredients’s revenue was up 2.2% on a year-over-year basis. During the same period last year, the business earned $0.19 EPS. Analysts expect that Darling Ingredients will post $0.40 earnings per share for the current year.
Large investors have recently bought and sold shares of the business. Russell Investments Group Ltd. grew its position in Darling Ingredients by 237.2% in the 1st quarter. Russell Investments Group Ltd. now owns 32,109 shares of the company’s stock worth $467,000 after purchasing an additional 22,587 shares during the period. Miles Capital Inc. grew its position in Darling Ingredients by 0.3% in the 1st quarter. Miles Capital Inc. now owns 10,112 shares of the company’s stock worth $147,000 after purchasing an additional 28 shares during the period. Teacher Retirement System of Texas grew its position in Darling Ingredients by 5.3% in the 2nd quarter. Teacher Retirement System of Texas now owns 13,214 shares of the company’s stock worth $208,000 after purchasing an additional 663 shares during the period. BNP Paribas Arbitrage SA grew its position in Darling Ingredients by 50.1% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 64,534 shares of the company’s stock worth $1,016,000 after purchasing an additional 21,528 shares during the period. Finally, World Asset Management Inc grew its position in Darling Ingredients by 2.3% in the 2nd quarter. World Asset Management Inc now owns 10,711 shares of the company’s stock worth $169,000 after purchasing an additional 237 shares during the period. 95.54% of the stock is owned by institutional investors and hedge funds.
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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