Darling Ingredients Inc. (NYSE:DAR) Receives $53.44 Consensus Price Target from Brokerages

by · The Markets Daily

Darling Ingredients Inc. (NYSE:DAR – Get Free Report) has earned an average rating of “Moderate Buy” from the nine ratings firms that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $53.44.

Several research analysts have weighed in on the company. Jefferies Financial Group boosted their price target on Darling Ingredients from $44.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. upped their price target on shares of Darling Ingredients from $58.00 to $59.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. TD Cowen cut their price target on shares of Darling Ingredients from $45.00 to $43.00 and set a “hold” rating for the company in a research note on Friday, September 13th. Finally, Piper Sandler lowered their price objective on shares of Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating on the stock in a research note on Friday, October 11th.

Check Out Our Latest Report on DAR

Darling Ingredients Stock Performance

Shares of DAR opened at $33.69 on Friday. The stock has a market capitalization of $5.36 billion, a price-to-earnings ratio of 20.80 and a beta of 1.19. Darling Ingredients has a 12 month low of $32.55 and a 12 month high of $51.12. The firm has a fifty day simple moving average of $38.08 and a 200 day simple moving average of $37.62. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89.

Darling Ingredients (NYSE:DAR – Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.29). Darling Ingredients had a net margin of 4.42% and a return on equity of 5.98%. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the previous year, the business earned $0.77 EPS. Darling Ingredients’s revenue was down 12.5% on a year-over-year basis. Research analysts forecast that Darling Ingredients will post 1.88 EPS for the current fiscal year.

Institutional Trading of Darling Ingredients

Several hedge funds have recently added to or reduced their stakes in DAR. iA Global Asset Management Inc. lifted its holdings in shares of Darling Ingredients by 8.1% during the second quarter. iA Global Asset Management Inc. now owns 13,326 shares of the company’s stock worth $490,000 after buying an additional 997 shares in the last quarter. MUFG Securities EMEA plc bought a new stake in Darling Ingredients in the 2nd quarter valued at about $2,646,000. Van ECK Associates Corp grew its position in shares of Darling Ingredients by 1.0% during the 2nd quarter. Van ECK Associates Corp now owns 442,844 shares of the company’s stock worth $16,275,000 after purchasing an additional 4,526 shares in the last quarter. Versor Investments LP bought a new position in shares of Darling Ingredients during the second quarter worth approximately $334,000. Finally, National Bank of Canada FI raised its position in shares of Darling Ingredients by 350.5% in the second quarter. National Bank of Canada FI now owns 44,421 shares of the company’s stock valued at $1,596,000 after buying an additional 34,560 shares in the last quarter. 94.44% of the stock is owned by institutional investors and hedge funds.

Darling Ingredients Company Profile

(Get Free Report

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.

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