Darling Ingredients Inc. (DAR) Given a $20.00 Price Target at Roth Capital
Darling Ingredients Inc. (NYSE:DAR) has been given a $20.00 target price by analysts at Roth Capital in a note issued to investors on Tuesday. The brokerage currently has a “buy” rating on the stock. Roth Capital’s price target would indicate a potential upside of 13.96% from the company’s previous close.
A number of other brokerages have also issued reports on DAR. Zacks Investment Research upgraded shares of Darling Ingredients from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 18th. BidaskClub lowered shares of Darling Ingredients from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Canaccord Genuity restated a “buy” rating and set a $18.00 target price on shares of Darling Ingredients in a research report on Monday, September 25th. Robert W. Baird restated an “outperform” rating and set a $20.00 target price (up from $19.00) on shares of Darling Ingredients in a research report on Friday, August 11th. Finally, J P Morgan Chase & Co lowered shares of Darling Ingredients from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $19.00 to $18.00 in a research report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. Darling Ingredients has a consensus rating of “Hold” and an average price target of $19.00.
Shares of Darling Ingredients (DAR) opened at 17.55 on Tuesday. The stock has a market capitalization of $2.89 billion, a price-to-earnings ratio of 34.48 and a beta of 1.57. Darling Ingredients has a 1-year low of $11.51 and a 1-year high of $18.65. The stock’s 50 day moving average is $17.51 and its 200 day moving average is $16.37.
Darling Ingredients (NYSE:DAR) last issued its quarterly earnings results on Wednesday, August 9th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.05). Darling Ingredients had a return on equity of 3.99% and a net margin of 2.39%. The firm had revenue of $896.30 million for the quarter, compared to analyst estimates of $890.91 million. During the same quarter last year, the firm earned $0.19 earnings per share. The company’s revenue was up 2.2% compared to the same quarter last year. On average, equities analysts forecast that Darling Ingredients will post $0.39 EPS for the current year.
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Institutional investors and hedge funds have recently modified their holdings of the business. Acrospire Investment Management LLC grew its position in Darling Ingredients by 9.5% during the second quarter. Acrospire Investment Management LLC now owns 6,900 shares of the company’s stock worth $103,000 after buying an additional 600 shares during the period. Catalyst Capital Advisors LLC purchased a new stake in shares of Darling Ingredients in the third quarter valued at about $115,000. Neuburgh Advisers LLC lifted its holdings in shares of Darling Ingredients by 4.9% in the first quarter. Neuburgh Advisers LLC now owns 9,350 shares of the company’s stock valued at $136,000 after purchasing an additional 440 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of Darling Ingredients in the fourth quarter valued at about $123,000. Finally, Advisor Group Inc. lifted its holdings in shares of Darling Ingredients by 66.5% in the third quarter. Advisor Group Inc. now owns 9,703 shares of the company’s stock valued at $131,000 after purchasing an additional 3,877 shares in the last quarter. Institutional investors own 95.69% of the company’s stock.
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.
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