Darling Ingredients Inc. (NYSE:DAR) Receives $45.33 Consensus Target Price from Brokerages

Darling Ingredients Inc. (NYSE:DAR) has earned an average recommendation of “Moderate Buy” from the fourteen research firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $45.3333.

Several research firms have recently commented on DAR. UBS Group set a $50.00 price objective on Darling Ingredients in a research note on Monday, November 3rd. Piper Sandler reduced their target price on shares of Darling Ingredients from $50.00 to $49.00 and set an “overweight” rating for the company in a report on Friday, October 24th. Jefferies Financial Group lifted their price target on shares of Darling Ingredients from $42.00 to $44.00 and gave the company a “buy” rating in a report on Friday, October 24th. Cowen raised shares of Darling Ingredients from a “hold” rating to a “buy” rating in a research note on Tuesday, December 2nd. Finally, TD Cowen upgraded shares of Darling Ingredients from a “hold” rating to a “buy” rating and lifted their target price for the company from $34.00 to $45.00 in a research note on Tuesday, December 2nd.

Darling Ingredients Trading Down 0.7%

Shares of Darling Ingredients stock opened at $36.54 on Friday. Darling Ingredients has a 1-year low of $26.00 and a 1-year high of $42.15. The company’s fifty day simple moving average is $33.68 and its 200-day simple moving average is $33.74. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.49 and a quick ratio of 0.87. The stock has a market capitalization of $5.78 billion, a PE ratio of 54.53, a P/E/G ratio of 2.74 and a beta of 1.28.

Darling Ingredients (NYSE:DAR) last announced its earnings results on Thursday, October 23rd. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). The company had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.50 billion. Darling Ingredients had a return on equity of 2.39% and a net margin of 1.84%.Darling Ingredients’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.11 earnings per share. As a group, equities analysts anticipate that Darling Ingredients will post 2.81 earnings per share for the current year.

Hedge Funds Weigh In On Darling Ingredients

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in Darling Ingredients by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 15,641,921 shares of the company’s stock worth $488,654,000 after purchasing an additional 73,925 shares during the period. Gates Capital Management Inc. lifted its holdings in shares of Darling Ingredients by 18.7% in the first quarter. Gates Capital Management Inc. now owns 7,915,560 shares of the company’s stock worth $247,282,000 after buying an additional 1,247,117 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Darling Ingredients by 0.3% during the third quarter. Dimensional Fund Advisors LP now owns 7,776,549 shares of the company’s stock worth $240,058,000 after acquiring an additional 22,055 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of Darling Ingredients by 6.0% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,122,104 shares of the company’s stock worth $158,119,000 after acquiring an additional 287,665 shares during the last quarter. Finally, Earnest Partners LLC grew its stake in Darling Ingredients by 0.9% during the first quarter. Earnest Partners LLC now owns 4,082,416 shares of the company’s stock valued at $127,535,000 after acquiring an additional 36,085 shares in the last quarter. Institutional investors own 94.44% of the company’s stock.

Darling Ingredients Company Profile

Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients in North America, Europe, China, South America, and internationally. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.