Ingredion (NYSE:INGR) Stock Price Expected to Rise, UBS Group Analyst Says

Ingredion (NYSE:INGR) had its price target hoisted by analysts at UBS Group from $165.00 to $173.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s price target would indicate a potential upside of 21.18% from the stock’s previous close.

Several other research firms have also recently issued reports on INGR. Barclays lifted their price objective on shares of Ingredion from $145.00 to $168.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Oppenheimer lifted their price objective on shares of Ingredion from $147.00 to $178.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. StockNews.com cut shares of Ingredion from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 7th. Finally, BMO Capital Markets lifted their price target on shares of Ingredion from $128.00 to $147.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 6th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $155.17.

Ingredion Trading Down 4.3 %

Ingredion stock traded down $6.43 during trading on Friday, hitting $142.76. The company had a trading volume of 202,221 shares, compared to its average volume of 380,542. Ingredion has a 1-year low of $100.90 and a 1-year high of $155.44. The company has a current ratio of 2.67, a quick ratio of 1.69 and a debt-to-equity ratio of 0.44. The company’s 50 day simple moving average is $137.15 and its 200-day simple moving average is $126.19. The stock has a market cap of $9.30 billion, a price-to-earnings ratio of 13.93, a price-to-earnings-growth ratio of 1.29 and a beta of 0.73.

Ingredion (NYSE:INGR) last posted its earnings results on Tuesday, November 5th. The company reported $3.05 earnings per share for the quarter, beating the consensus estimate of $2.58 by $0.47. Ingredion had a net margin of 9.05% and a return on equity of 17.75%. The firm had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the firm earned $2.33 EPS. The firm’s revenue for the quarter was down 8.0% on a year-over-year basis. As a group, analysts expect that Ingredion will post 10.6 EPS for the current fiscal year.

Insider Buying and Selling at Ingredion

In related news, SVP Larry Fernandes sold 4,700 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $153.41, for a total transaction of $721,027.00. Following the completion of the transaction, the senior vice president now owns 29,034 shares of the company’s stock, valued at approximately $4,454,105.94. This represents a 13.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO James P. Zallie sold 1,300 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $134.03, for a total transaction of $174,239.00. Following the transaction, the chief executive officer now directly owns 52,530 shares of the company’s stock, valued at $7,040,595.90. This trade represents a 2.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 30,056 shares of company stock valued at $4,121,736 over the last quarter. Corporate insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Ingredion

Large investors have recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Ingredion in the second quarter worth $26,000. EverSource Wealth Advisors LLC grew its holdings in Ingredion by 102.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 233 shares of the company’s stock valued at $27,000 after purchasing an additional 118 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Ingredion during the 2nd quarter valued at $33,000. Prospera Private Wealth LLC acquired a new stake in Ingredion during the 3rd quarter valued at $41,000. Finally, Family Firm Inc. acquired a new stake in Ingredion during the 2nd quarter valued at $36,000. Institutional investors and hedge funds own 85.27% of the company’s stock.

Ingredion Company Profile

Ingredion Incorporated, together with its subsidiaries, manufactures and sells sweeteners, starches, nutrition ingredients, and biomaterial solutions derived from wet milling and processing corn, and other starch-based materials to a range of industries in North America, South America, the Asia Pacific, Europe, the Middle East, and Africa.