Darling Ingredients (NYSE:DAR) Price Target Raised to $65.00

Darling Ingredients (NYSE:DAR) had its price objective hoisted by stock analysts at Barclays from $62.00 to $65.00 in a research note issued on Monday, Marketbeat Ratings reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price target points to a potential upside of 6.95% from the company’s previous close.

Several other research firms have also commented on DAR. TD Cowen lifted their price target on shares of Darling Ingredients from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, July 27th. Zacks Research lowered Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 21st. Weiss Ratings raised Darling Ingredients from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, July 15th. Robert W. Baird lifted their target price on Darling Ingredients from $64.00 to $75.00 and gave the company an “outperform” rating in a research report on Tuesday, April 7th. Finally, Scotiabank upped their price target on Darling Ingredients from $61.00 to $70.00 and gave the company a “sector outperform” rating in a research note on Wednesday, April 22nd. Ten investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Darling Ingredients presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.00.

Darling Ingredients Price Performance

Darling Ingredients stock opened at $60.77 on Monday. Darling Ingredients has a 12-month low of $29.15 and a 12-month high of $66.02. The stock has a market cap of $9.66 billion, a P/E ratio of 16.38 and a beta of 1.02. The company has a 50-day moving average price of $58.50 and a 200 day moving average price of $56.12. The company has a current ratio of 3.89, a quick ratio of 1.03 and a debt-to-equity ratio of 0.13.

Darling Ingredients (NYSE:DAR) last issued its earnings results on Thursday, July 30th. The company reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $1.01. The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.71 billion. Darling Ingredients had a net margin of 9.13% and a return on equity of 13.23%. Darling Ingredients’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.08 earnings per share. Sell-side analysts anticipate that Darling Ingredients will post 5.34 earnings per share for the current year.

Institutional Investors Weigh In On Darling Ingredients

Institutional investors have recently modified their holdings of the company. Danske Bank A S purchased a new stake in shares of Darling Ingredients in the 3rd quarter valued at $25,000. Allworth Financial LP grew its position in Darling Ingredients by 227.2% in the 4th quarter. Allworth Financial LP now owns 733 shares of the company’s stock valued at $26,000 after acquiring an additional 509 shares in the last quarter. SJS Investment Consulting Inc. grew its position in Darling Ingredients by 69.9% in the 1st quarter. SJS Investment Consulting Inc. now owns 423 shares of the company’s stock valued at $26,000 after acquiring an additional 174 shares in the last quarter. Litman Gregory Wealth Management LLC purchased a new stake in Darling Ingredients during the fourth quarter worth about $29,000. Finally, Leonteq Securities AG purchased a new stake in Darling Ingredients during the fourth quarter worth about $35,000. 94.44% of the stock is owned by institutional investors and hedge funds.

Darling Ingredients Company Profile

Darling Ingredients Inc (NYSE: DAR) is a global leader in converting edible and inedible bio-nutrient streams into sustainable food, feed ingredients, renewable fuels and specialty products. Founded in 1882 and headquartered in Irving, Texas, the company builds on more than a century of experience in animal rendering and by-product recycling. Over time, Darling has expanded its capabilities beyond traditional rendering to include advanced processing technologies that support a circular economy and reduce waste from food and agricultural industries.

The company’s core operations revolve around four primary segments: Feed Ingredients & Services, Food & Nutrition, Fuel Ingredients & Services, and Specialty Ingredients.