Darling Ingredients Inc. (NYSE:DAR) had its price target boosted by Canaccord Genuity from $18.00 to $20.00 in a research report issued on Monday, November 6th. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity’s price objective would indicate a potential upside of 22.17% from the company’s previous close.
Other analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Darling Ingredients from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 18th. BidaskClub lowered shares of Darling Ingredients from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. J P Morgan Chase & Co set a $19.00 target price on shares of Darling Ingredients and gave the stock a “buy” rating in a research note on Monday, August 14th. Robert W. Baird reaffirmed a “buy” rating and issued a $20.00 target price on shares of Darling Ingredients in a research note on Tuesday, September 26th. Finally, Roth Capital set a $20.00 price objective on shares of Darling Ingredients and gave the stock a “buy” rating in a research note on Tuesday, October 24th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $19.33.
Darling Ingredients (NYSE DAR) traded up $0.22 during trading hours on Monday, reaching $16.37. The company’s stock had a trading volume of 685,645 shares, compared to its average volume of 1,259,628. Darling Ingredients has a 12-month low of $11.51 and a 12-month high of $18.65. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.07 and a current ratio of 1.76. The firm has a market cap of $2,695.84, a P/E ratio of 41.97 and a beta of 1.54.
Darling Ingredients (NYSE:DAR) last issued its earnings results on Tuesday, November 7th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). The business had revenue of $937.70 million for the quarter, compared to the consensus estimate of $870.50 million. Darling Ingredients had a net margin of 1.76% and a return on equity of 2.96%. The business’s revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.17 EPS. analysts forecast that Darling Ingredients will post 0.24 EPS for the current fiscal year.
TRADEMARK VIOLATION NOTICE: “Darling Ingredients Inc. (NYSE:DAR) Given New $20.00 Price Target at Canaccord Genuity” was originally reported by BBNS and is the sole property of of BBNS. If you are reading this article on another site, it was illegally copied and republished in violation of US and international copyright and trademark law. The correct version of this article can be viewed at https://baseballnewssource.com/markets/darling-ingredients-inc-dar-given-new-20-00-price-target-at-canaccord-genuity/1762347.html.
Institutional investors have recently added to or reduced their stakes in the business. Delta Capital Management LLC bought a new position in Darling Ingredients in the 2nd quarter valued at about $157,000. Malaga Cove Capital LLC bought a new position in shares of Darling Ingredients during the second quarter worth approximately $167,000. Integrated Investment Consultants LLC bought a new position in shares of Darling Ingredients during the third quarter worth approximately $168,000. World Asset Management Inc increased its holdings in shares of Darling Ingredients by 2.3% during the second quarter. World Asset Management Inc now owns 10,711 shares of the company’s stock worth $169,000 after purchasing an additional 237 shares during the period. Finally, Harrington Investments INC bought a new position in shares of Darling Ingredients during the third quarter worth approximately $185,000. 96.03% of the stock is currently owned by hedge funds and other institutional investors.
About Darling Ingredients
Darling Ingredients Inc (Darling) is a developer and producer of sustainable natural ingredients from edible and inedible bio-nutrients, creating a range of ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy and fertilizer industries.
Receive News & Ratings for Darling Ingredients Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Darling Ingredients Inc. and related companies with our FREE daily email newsletter.