Darling Ingredients (NYSE:DAR) Given New $37.00 Price Target at TD Cowen

Darling Ingredients (NYSE:DAR) had its price target decreased by TD Cowen from $43.00 to $37.00 in a research report released on Friday, MarketBeat.com reports. TD Cowen currently has a hold rating on the stock.

A number of other research firms have also recently weighed in on DAR. Stephens reissued an “overweight” rating and issued a $52.00 price objective on shares of Darling Ingredients in a research report on Thursday, January 23rd. Citigroup lowered their price objective on Darling Ingredients from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Finally, StockNews.com lowered Darling Ingredients from a “hold” rating to a “sell” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $52.00.

Darling Ingredients Price Performance

DAR stock opened at $29.21 on Friday. The firm has a market cap of $4.62 billion, a P/E ratio of 16.88 and a beta of 1.19. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.41. Darling Ingredients has a 1 year low of $27.20 and a 1 year high of $48.39. The stock has a 50-day simple moving average of $34.63 and a 200-day simple moving average of $36.32.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.15. Darling Ingredients had a net margin of 4.88% and a return on equity of 6.04%. On average, equities analysts predict that Darling Ingredients will post 2.81 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. M&T Bank Corp raised its stake in Darling Ingredients by 3.3% during the fourth quarter. M&T Bank Corp now owns 8,987 shares of the company’s stock worth $303,000 after acquiring an additional 286 shares during the period. Ironwood Investment Management LLC raised its position in shares of Darling Ingredients by 0.7% during the 4th quarter. Ironwood Investment Management LLC now owns 41,957 shares of the company’s stock worth $1,414,000 after purchasing an additional 297 shares during the period. CIBC Asset Management Inc lifted its holdings in shares of Darling Ingredients by 5.8% in the 4th quarter. CIBC Asset Management Inc now owns 6,105 shares of the company’s stock worth $206,000 after purchasing an additional 337 shares during the last quarter. Metis Global Partners LLC boosted its position in Darling Ingredients by 4.3% during the 4th quarter. Metis Global Partners LLC now owns 9,786 shares of the company’s stock valued at $330,000 after purchasing an additional 406 shares during the period. Finally, Glenmede Trust Co. NA grew its stake in Darling Ingredients by 5.7% during the 3rd quarter. Glenmede Trust Co. NA now owns 7,609 shares of the company’s stock worth $283,000 after buying an additional 412 shares during the last quarter. 94.44% of the stock is currently owned by 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.