Darling Ingredients Inc. (NYSE:DAR)‘s stock had its “buy” rating reissued by analysts at Canaccord Genuity in a research report issued to clients and investors on Monday. They presently have a $18.00 target price on the stock. Canaccord Genuity’s price objective suggests a potential downside of 1.37% from the stock’s previous close.

Several other equities analysts have also issued reports on the company. Robert W. Baird reaffirmed an “outperform” rating and issued a $20.00 price target on shares of Darling Ingredients in a research report on Wednesday, August 23rd. J P Morgan Chase & Co set a $19.00 price target on Darling Ingredients and gave the stock a “buy” rating in a research report on Monday, August 14th. BidaskClub lowered Darling Ingredients from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Finally, Zacks Investment Research raised Darling Ingredients from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 18th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $18.17.

Darling Ingredients (NYSE DAR) traded down 0.05% on Monday, reaching $18.25. 1,542,526 shares of the company’s stock traded hands. Darling Ingredients has a 12 month low of $11.51 and a 12 month high of $18.27. The firm’s 50 day moving average price is $17.03 and its 200 day moving average price is $15.81. The company has a market cap of $3.00 billion, a PE ratio of 35.85 and a beta of 1.60.

Darling Ingredients (NYSE:DAR) last announced its earnings results on Wednesday, August 9th. The company reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.05). The business had revenue of $896.30 million for the quarter, compared to the consensus estimate of $890.91 million. Darling Ingredients had a net margin of 2.39% and a return on equity of 3.99%. The business’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.19 EPS. On average, equities analysts expect that Darling Ingredients will post $0.44 EPS for the current fiscal year.

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Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. raised its position in Darling Ingredients by 7,798.7% in the 1st quarter. BlackRock Inc. now owns 20,437,790 shares of the company’s stock worth $296,758,000 after buying an additional 20,179,041 shares during the last quarter. Eagle Asset Management raised its position in Darling Ingredients by 91.6% in the 3rd quarter. Eagle Asset Management now owns 9,301,148 shares of the company’s stock worth $104,544,000 after buying an additional 4,445,658 shares during the last quarter. FMR LLC raised its position in Darling Ingredients by 36.4% in the 2nd quarter. FMR LLC now owns 11,212,815 shares of the company’s stock worth $176,490,000 after buying an additional 2,990,750 shares during the last quarter. JPMorgan Chase & Co. raised its position in Darling Ingredients by 554.6% in the 1st quarter. JPMorgan Chase & Co. now owns 3,209,779 shares of the company’s stock worth $42,273,000 after buying an additional 2,719,416 shares during the last quarter. Finally, Norges Bank purchased a new position in Darling Ingredients in the 4th quarter worth about $31,718,000. 95.37% of the stock is owned by hedge funds and other institutional investors.

Darling Ingredients Company Profile

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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