Darling Ingredients (NYSE:DAR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Monday. The brokerage presently has a $21.00 price target on the stock. Zacks Investment Research‘s price target would suggest a potential upside of 13.64% from the company’s previous close.
According to Zacks, “Darling Ingredients Inc. is a provider of rendering, cooking oil and bakery waste recycling and recovery solutions. It collects and transforms all aspects of animal by-product streams into broadly used and specialty ingredients, such as gelatin, edible fats, feed-grade fats, animal proteins and meals, plasma, pet food ingredients, organic fertilizers, yellow grease, fuel feedstock, green energy, natural casings and hides. The Company also provides grease trap services to food service establishments, environmental services to food processors and sells restaurant cooking oil delivery and collection equipment. Darling Ingredients Inc., formerly known as Darling International Inc., is headquartered in Irving, Texas. “
A number of other research firms also recently commented on DAR. Goldman Sachs Group restated a “neutral” rating on shares of Darling Ingredients in a research note on Thursday, March 1st. BMO Capital Markets downgraded shares of Darling Ingredients from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from $19.00 to $20.00 in a research note on Thursday, March 1st. They noted that the move was a valuation call. Finally, TheStreet downgraded shares of Darling Ingredients from a “b-” rating to a “c+” rating in a research note on Monday, February 12th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Darling Ingredients has a consensus rating of “Buy” and a consensus target price of $19.71.
Darling Ingredients (NYSE:DAR) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $0.10 EPS for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.01. Darling Ingredients had a net margin of 3.50% and a return on equity of 1.82%. The company had revenue of $952.55 million during the quarter, compared to the consensus estimate of $896.87 million. analysts expect that Darling Ingredients will post 1 earnings per share for the current year.
Large investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Darling Ingredients by 54.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,923 shares of the company’s stock valued at $144,000 after purchasing an additional 2,808 shares during the last quarter. Assetmark Inc. acquired a new stake in Darling Ingredients in the 4th quarter valued at about $163,000. Zeke Capital Advisors LLC acquired a new stake in Darling Ingredients in the 4th quarter valued at about $185,000. Advisor Group Inc. lifted its stake in Darling Ingredients by 34.9% in the 3rd quarter. Advisor Group Inc. now owns 11,927 shares of the company’s stock valued at $209,000 after purchasing an additional 3,086 shares during the last quarter. Finally, MML Investors Services LLC acquired a new stake in Darling Ingredients in the 4th quarter valued at about $223,000. Institutional investors and hedge funds own 99.95% of the company’s stock.
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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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