Darling Ingredients (NYSE:DAR) Stock Rating Upgraded by Citigroup

Darling Ingredients (NYSE:DARGet Free Report) was upgraded by equities research analysts at Citigroup from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, MarketBeat reports. The firm currently has a $48.00 target price on the stock. Citigroup’s target price points to a potential upside of 30.90% from the company’s previous close.

A number of other research analysts also recently commented on the company. Stifel Nicolaus dropped their price objective on Darling Ingredients from $90.00 to $85.00 and set a “buy” rating on the stock in a report on Monday, May 20th. Scotiabank dropped their price target on shares of Darling Ingredients from $73.00 to $57.00 and set a “sector outperform” rating on the stock in a research note on Thursday, April 11th. JPMorgan Chase & Co. reduced their price objective on shares of Darling Ingredients from $66.00 to $62.00 and set an “overweight” rating for the company in a research report on Wednesday, April 17th. Finally, BMO Capital Markets dropped their target price on shares of Darling Ingredients from $60.00 to $57.00 and set an “outperform” rating on the stock in a research report on Thursday, February 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $68.45.

Read Our Latest Stock Analysis on Darling Ingredients

Darling Ingredients Stock Up 0.1 %

Shares of Darling Ingredients stock opened at $36.67 on Wednesday. The company has a quick ratio of 0.96, a current ratio of 1.67 and a debt-to-equity ratio of 0.93. Darling Ingredients has a 52-week low of $34.83 and a 52-week high of $71.60. The company has a market capitalization of $5.86 billion, a P/E ratio of 10.98 and a beta of 1.26. The company has a 50 day moving average of $42.37 and a 200 day moving average of $44.09.

Darling Ingredients (NYSE:DARGet Free Report) last released its quarterly earnings data on Thursday, April 25th. The company reported $0.50 earnings per share (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%. Darling Ingredients’s revenue for the quarter was down 20.7% on a year-over-year basis. During the same period last year, the firm posted $1.16 earnings per share. As a group, research analysts forecast that Darling Ingredients will post 2.88 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. CWM LLC grew its position in Darling Ingredients by 14.7% in the 4th quarter. CWM LLC now owns 1,922 shares of the company’s stock valued at $96,000 after buying an additional 247 shares during the last quarter. Signaturefd LLC raised its holdings in Darling Ingredients by 34.2% during the fourth quarter. Signaturefd LLC now owns 1,079 shares of the company’s stock worth $54,000 after purchasing an additional 275 shares in the last quarter. Caprock Group LLC lifted its position in Darling Ingredients by 4.3% in the first quarter. Caprock Group LLC now owns 6,691 shares of the company’s stock valued at $311,000 after purchasing an additional 277 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Darling Ingredients by 6.4% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,596 shares of the company’s stock valued at $229,000 after purchasing an additional 278 shares in the last quarter. Finally, Treasurer of the State of North Carolina raised its stake in shares of Darling Ingredients by 0.4% during the 3rd quarter. Treasurer of the State of North Carolina now owns 73,850 shares of the company’s stock worth $3,855,000 after buying an additional 279 shares in the last quarter. Institutional investors and hedge funds own 94.44% of the company’s stock.

Darling Ingredients Company Profile

(Get Free Report)

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.

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