Ingredion (NYSE:INGR) Rating Increased to Hold at Zacks Research

Ingredion (NYSE:INGR) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

Other equities analysts have also recently issued research reports about the company. Oppenheimer cut Ingredion from an “outperform” rating to a “market perform” rating in a report on Monday, June 8th. Weiss Ratings lowered Ingredion from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, July 8th. UBS Group restated a “neutral” rating and set a $114.00 price target on shares of Ingredion in a report on Thursday, May 7th. Benchmark reaffirmed a “buy” rating on shares of Ingredion in a research note on Tuesday, June 9th. Finally, Barclays cut their target price on shares of Ingredion from $128.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, Ingredion has an average rating of “Hold” and a consensus price target of $122.43.

Ingredion Price Performance

Shares of NYSE:INGR opened at $99.27 on Tuesday. The company has a market cap of $6.26 billion, a price-to-earnings ratio of 9.56, a PEG ratio of 0.82 and a beta of 0.62. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.76 and a quick ratio of 1.83. The firm has a 50 day simple moving average of $100.50 and a 200 day simple moving average of $109.30. Ingredion has a one year low of $94.44 and a one year high of $135.90.

Ingredion (NYSE:INGR) last posted its earnings results on Tuesday, May 5th. The company reported $2.34 earnings per share for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.10). The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.79 billion. Ingredion had a return on equity of 15.86% and a net margin of 9.36%.The business’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.97 EPS. Ingredion has set its FY 2026 guidance at 10.450-11.150 EPS. Research analysts predict that Ingredion will post 10.88 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ingredion

Several institutional investors and hedge funds have recently made changes to their positions in the stock. International Assets Investment Management LLC bought a new stake in Ingredion in the fourth quarter valued at approximately $30,000. GHP Investment Advisors Inc. acquired a new stake in Ingredion during the 1st quarter valued at approximately $33,000. Los Angeles Capital Management LLC bought a new position in Ingredion during the 4th quarter worth approximately $36,000. Capital Advisors Ltd. LLC lifted its position in shares of Ingredion by 40.5% in the 4th quarter. Capital Advisors Ltd. LLC now owns 354 shares of the company’s stock worth $39,000 after purchasing an additional 102 shares during the period. Finally, Root Financial Partners LLC lifted its position in shares of Ingredion by 83.7% in the 1st quarter. Root Financial Partners LLC now owns 371 shares of the company’s stock worth $42,000 after purchasing an additional 169 shares during the period. Institutional investors and hedge funds own 85.27% of the company’s stock.

Ingredion Company Profile

Ingredion Incorporated is a global ingredient solutions company specializing in the production and sale of starches, sweeteners, nutrition ingredients and biomaterials derived primarily from corn and other plant-based raw materials. The company serves a diverse set of industries, including food and beverage, brewing, pharmaceuticals and personal care, providing functional ingredients that enhance texture, stability, flavor and nutritional value in a wide array of end products.

The company’s product portfolio comprises native and modified starches, high-fructose corn syrup, dextrose, maltodextrins, specialty sweeteners and various texturizers.