Darling Ingredients (NYSE:DAR) Price Target Cut to $47.00

Darling Ingredients (NYSE:DAR) had its target price lowered by research analysts at Jefferies Financial Group from $53.00 to $47.00 in a report issued on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s price objective suggests a potential upside of 18.72% from the stock’s previous close.

DAR has been the subject of several other reports. Scotiabank reduced their target price on Darling Ingredients from $57.00 to $45.00 and set a “sector outperform” rating for the company in a report on Friday, July 12th. TD Cowen reduced 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. JPMorgan Chase & Co. lowered their target price on shares of Darling Ingredients from $66.00 to $62.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 17th. Stifel Nicolaus cut 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 report on Monday, May 20th. Finally, Citigroup upgraded shares of Darling Ingredients from a “neutral” rating to a “buy” rating and set a $48.00 price target for the company in a report on Wednesday, June 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.27.

Darling Ingredients Stock Up 7.3 %

DAR stock opened at $39.59 on Friday. The firm has a market cap of $6.33 billion, a PE ratio of 11.85 and a beta of 1.26. Darling Ingredients has a 1 year low of $33.94 and a 1 year high of $71.60. The company has a fifty day simple moving average of $37.97 and a 200 day simple moving average of $41.83. The company has a current ratio of 1.67, a quick ratio of 0.96 and a debt-to-equity ratio of 0.93.

Darling Ingredients (NYSE:DAR) last posted its earnings results on Thursday, July 25th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.10. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.46 billion. Darling Ingredients had a return on equity of 12.22% and a net margin of 8.46%. The business’s revenue was down 17.2% compared to the same quarter last year. During the same period last year, the company earned $1.55 earnings per share. Sell-side analysts anticipate that Darling Ingredients will post 2.37 EPS for the current fiscal year.

Hedge Funds Weigh In On Darling Ingredients

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CWM LLC grew its holdings in shares of Darling Ingredients by 14.7% during the 4th quarter. CWM LLC now owns 1,922 shares of the company’s stock worth $96,000 after purchasing an additional 247 shares in the last quarter. Signaturefd LLC boosted its stake 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 buying an additional 275 shares in the last quarter. Caprock Group LLC increased its holdings in Darling Ingredients by 4.3% in the 1st quarter. Caprock Group LLC now owns 6,691 shares of the company’s stock valued at $311,000 after buying an additional 277 shares during the period. Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of 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 buying an additional 278 shares in the last quarter. Finally, Stone House Investment Management LLC lifted its holdings in shares of Darling Ingredients by 100.0% during the 4th quarter. Stone House Investment Management LLC now owns 600 shares of the company’s stock worth $30,000 after acquiring an additional 300 shares during the period. 94.44% of the stock is currently owned by institutional investors.

About Darling Ingredients

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.