Ingredion Incorporated (NYSE:INGR) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued on Wednesday.

Other research analysts have also recently issued research reports about the stock. BMO Capital Markets reiterated a “hold” rating and set a $125.00 price target on shares of Ingredion in a report on Tuesday, May 16th. Jefferies Group LLC reiterated a “buy” rating and set a $145.00 price target on shares of Ingredion in a report on Wednesday, June 14th. Finally, Zacks Investment Research upgraded shares of Ingredion from a “hold” rating to a “buy” rating and set a $137.00 price target for the company in a report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $140.50.

Shares of Ingredion (INGR) traded up 0.78% during trading on Wednesday, reaching $124.70. 248,290 shares of the company’s stock were exchanged. The company has a 50 day moving average of $120.73 and a 200 day moving average of $119.89. The stock has a market cap of $8.94 billion, a P/E ratio of 18.75 and a beta of 0.60. Ingredion has a 12-month low of $113.07 and a 12-month high of $140.00.

Ingredion (NYSE:INGR) last announced its quarterly earnings data on Tuesday, August 1st. The company reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.03. The firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Ingredion had a net margin of 8.35% and a return on equity of 20.84%. The business’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.53 earnings per share. Equities research analysts anticipate that Ingredion will post $7.64 EPS for the current year.

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Several hedge funds have recently modified their holdings of the company. WFG Advisors LP increased its stake in shares of Ingredion by 0.4% in the first quarter. WFG Advisors LP now owns 1,367 shares of the company’s stock valued at $165,000 after buying an additional 5 shares in the last quarter. HL Financial Services LLC increased its stake in shares of Ingredion by 0.4% in the second quarter. HL Financial Services LLC now owns 2,730 shares of the company’s stock valued at $325,000 after buying an additional 12 shares in the last quarter. IndexIQ Advisors LLC increased its stake in shares of Ingredion by 1.8% in the second quarter. IndexIQ Advisors LLC now owns 1,655 shares of the company’s stock valued at $197,000 after buying an additional 29 shares in the last quarter. Somerset Trust Co increased its stake in shares of Ingredion by 0.5% in the second quarter. Somerset Trust Co now owns 6,317 shares of the company’s stock valued at $753,000 after buying an additional 30 shares in the last quarter. Finally, Linscomb & Williams Inc. increased its stake in shares of Ingredion by 1.4% in the second quarter. Linscomb & Williams Inc. now owns 2,209 shares of the company’s stock valued at $263,000 after buying an additional 30 shares in the last quarter. Institutional investors and hedge funds own 84.48% of the company’s stock.

Ingredion Company Profile

Ingredion Incorporated is an ingredients solutions provider. The Company manufactures and sells sweetener, starches, nutrition ingredients and biomaterial solutions derived from the wet milling and processing of corn and other starch-based materials to a range of industries, both domestically and internationally.

Analyst Recommendations for Ingredion (NYSE:INGR)

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