Darling Ingredients Inc. (DAR) Given New $20.00 Price Target at Canaccord Genuity
Darling Ingredients Inc. (NYSE:DAR) had its price target hoisted by Canaccord Genuity from $18.00 to $20.00 in a report released on Monday morning. Canaccord Genuity currently has a buy rating on the stock.
Other analysts have also issued research reports about the stock. Zacks Investment Research raised shares of Darling Ingredients from a strong sell rating to a hold rating in a report on Tuesday, July 18th. BidaskClub lowered shares of Darling Ingredients from a buy rating to a hold rating in a report on Thursday, August 3rd. 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 report on Monday, August 14th. Robert W. Baird reissued a buy rating and issued a $20.00 price target on shares of Darling Ingredients in a report on Tuesday, September 26th. Finally, Roth Capital set a $20.00 price target on shares of Darling Ingredients and gave the company a buy rating in a report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $19.33.
Darling Ingredients (NYSE DAR) traded down $0.01 during midday trading on Monday, hitting $16.33. 37,597 shares of the stock traded hands, compared to its average volume of 1,174,795. The firm has a market capitalization of $2,690.00, a price-to-earnings ratio of 42.05 and a beta of 1.54. The company has a current ratio of 1.76, a quick ratio of 1.16 and a debt-to-equity ratio of 0.79. Darling Ingredients has a 12 month low of $11.51 and a 12 month high of $18.65.
Darling Ingredients (NYSE:DAR) last issued its quarterly earnings results on Tuesday, November 7th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The company had revenue of $937.70 million during the quarter, compared to analyst estimates of $870.50 million. Darling Ingredients had a net margin of 1.76% and a return on equity of 2.96%. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.17 EPS. research analysts expect that Darling Ingredients will post 0.27 earnings per share for the current year.
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A number of institutional investors and hedge funds have recently added to or reduced their stakes in DAR. UBS Asset Management Americas Inc. grew its holdings in Darling Ingredients by 16.8% during the 1st quarter. UBS Asset Management Americas Inc. now owns 119,027 shares of the company’s stock worth $1,728,000 after acquiring an additional 17,124 shares during the period. Wellington Management Group LLP grew its holdings in Darling Ingredients by 15.6% during the 1st quarter. Wellington Management Group LLP now owns 197,552 shares of the company’s stock worth $2,868,000 after acquiring an additional 26,643 shares during the period. Teachers Advisors LLC grew its holdings in Darling Ingredients by 13.4% during the 1st quarter. Teachers Advisors LLC now owns 1,039,284 shares of the company’s stock worth $15,090,000 after acquiring an additional 122,598 shares during the period. California Public Employees Retirement System grew its holdings in Darling Ingredients by 4.4% during the 1st quarter. California Public Employees Retirement System now owns 243,400 shares of the company’s stock worth $3,534,000 after acquiring an additional 10,200 shares during the period. Finally, Vanguard Group Inc. grew its holdings in Darling Ingredients by 6.3% during the 1st quarter. Vanguard Group Inc. now owns 15,418,060 shares of the company’s stock worth $223,870,000 after acquiring an additional 910,712 shares during the period. 95.59% of the stock is owned by hedge funds and other institutional investors.
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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