Brokerages Set Darling Ingredients Inc. (NYSE:DAR) Price Target at $68.45

Shares of Darling Ingredients Inc. (NYSE:DAR) have been assigned a consensus rating of “Moderate Buy” from the eleven analysts that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $68.45.

Several research analysts have commented on the stock. TD Cowen dropped their price objective on shares of Darling Ingredients from $51.00 to $45.00 and set a “hold” rating for the company in a research note on Thursday, June 13th. Scotiabank dropped their price objective on shares of Darling Ingredients from $73.00 to $57.00 and set a “sector outperform” rating for the company in a research note on Thursday, April 11th. Citigroup raised shares of Darling Ingredients from a “neutral” rating to a “buy” rating and set a $48.00 target price for the company in a research note on Wednesday, June 12th. JPMorgan Chase & Co. lowered their target price on shares of Darling Ingredients from $66.00 to $62.00 and set an “overweight” rating for the company in a research note on Wednesday, April 17th. Finally, Stifel Nicolaus lowered their target price on shares of Darling Ingredients from $90.00 to $85.00 and set a “buy” rating for the company in a research note on Monday, May 20th.

Darling Ingredients Stock Up 0.6 %

NYSE DAR opened at $36.26 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.67 and a debt-to-equity ratio of 0.93. The company has a fifty day moving average of $39.46 and a two-hundred day moving average of $42.70. The firm has a market capitalization of $5.79 billion, a price-to-earnings ratio of 10.85 and a beta of 1.26. Darling Ingredients has a 52 week low of $33.94 and a 52 week high of $71.60.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings data on Thursday, April 25th. The company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.01). The firm had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Darling Ingredients had a return on equity of 12.22% and a net margin of 8.46%. The firm’s quarterly revenue was down 20.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.16 earnings per share. On average, analysts predict that Darling Ingredients will post 2.65 earnings per share for the current year.

Institutional Trading of Darling Ingredients

Hedge funds have recently added to or reduced their stakes in the business. Illinois Municipal Retirement Fund lifted its stake in Darling Ingredients by 111.6% in the fourth quarter. Illinois Municipal Retirement Fund now owns 30,212 shares of the company’s stock worth $1,506,000 after acquiring an additional 15,933 shares during the period. NFC Investments LLC bought a new position in Darling Ingredients in the fourth quarter worth about $22,473,000. Goldman Sachs Group Inc. raised its holdings in Darling Ingredients by 15.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,595,089 shares of the company’s stock worth $79,499,000 after purchasing an additional 213,763 shares in the last quarter. Jennison Associates LLC raised its holdings in Darling Ingredients by 28.9% in the fourth quarter. Jennison Associates LLC now owns 1,008,227 shares of the company’s stock worth $50,250,000 after purchasing an additional 226,134 shares in the last quarter. Finally, Gates Capital Management Inc. bought a new position in Darling Ingredients in the fourth quarter worth about $88,885,000. 94.44% of the stock is owned by hedge funds and other institutional investors.

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.