Darling Ingredients Inc. (NYSE:DAR) Given New $20.00 Price Target at Canaccord Genuity

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.

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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.

Analyst Recommendations for Darling Ingredients (NYSE:DAR)

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