Darling Ingredients Inc. (NYSE:DAR) Receives $53.22 Consensus Price Target from Brokerages

Shares of Darling Ingredients Inc. (NYSE:DAR) have been given a consensus recommendation of “Moderate Buy” by the nine analysts that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $53.22.

Several research firms have recently issued reports on DAR. Jefferies Financial Group upped their target price on Darling Ingredients from $44.00 to $46.00 and gave the company a “buy” rating in a report on Friday, October 25th. JPMorgan Chase & Co. upped their target price on Darling Ingredients from $58.00 to $59.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Citigroup reduced their target price on Darling Ingredients from $46.00 to $44.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Finally, Stephens reissued an “overweight” rating and set a $52.00 price objective on shares of Darling Ingredients in a report on Thursday, January 23rd.

Hedge Funds Weigh In On Darling Ingredients

Several institutional investors and hedge funds have recently bought and sold shares of DAR. Heck Capital Advisors LLC bought a new position in shares of Darling Ingredients in the fourth quarter worth $25,000. GAMMA Investing LLC boosted its holdings in shares of Darling Ingredients by 173.9% in the third quarter. GAMMA Investing LLC now owns 830 shares of the company’s stock worth $31,000 after acquiring an additional 527 shares during the period. Signaturefd LLC boosted its holdings in shares of Darling Ingredients by 75.0% in the third quarter. Signaturefd LLC now owns 901 shares of the company’s stock worth $33,000 after acquiring an additional 386 shares during the period. Blue Trust Inc. boosted its holdings in shares of Darling Ingredients by 38.0% in the third quarter. Blue Trust Inc. now owns 1,046 shares of the company’s stock worth $38,000 after acquiring an additional 288 shares during the period. Finally, Wilmington Savings Fund Society FSB boosted its holdings in shares of Darling Ingredients by 157.1% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,180 shares of the company’s stock worth $40,000 after acquiring an additional 721 shares during the period. 94.44% of the stock is owned by institutional investors.

Darling Ingredients Stock Performance

Shares of Darling Ingredients stock opened at $38.33 on Friday. The company has a market cap of $6.10 billion, a PE ratio of 22.16 and a beta of 1.21. Darling Ingredients has a 52 week low of $32.55 and a 52 week high of $48.39. The business has a 50 day moving average price of $36.04 and a 200-day moving average price of $37.57. The company has a quick ratio of 0.83, a current ratio of 1.41 and a debt-to-equity ratio of 0.89.

Darling Ingredients (NYSE:DAR) last released its earnings results 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 return on equity of 6.04% and a net margin of 4.88%. Equities analysts anticipate that Darling Ingredients will post 2.81 earnings per share for the current fiscal year.

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.