Ingredion Incorporated (NYSE:INGR) Given Average Rating of “Hold” by Analysts

Shares of Ingredion Incorporated (NYSE:INGR) have been given a consensus rating of “Hold” by the seven brokerages that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $124.3333.

INGR has been the topic of a number of research analyst reports. BMO Capital Markets lowered their price target on Ingredion from $143.00 to $123.00 and set a “market perform” rating on the stock in a report on Wednesday, November 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ingredion in a research report on Monday, December 1st. Oppenheimer set a $136.00 target price on shares of Ingredion in a research note on Wednesday, October 22nd. Stephens decreased their price target on shares of Ingredion from $140.00 to $120.00 and set an “equal weight” rating for the company in a report on Wednesday, November 5th. Finally, Industrial Alliance Securities set a $124.00 price objective on shares of Ingredion in a research report on Thursday, November 6th.

Ingredion Stock Up 0.1%

Shares of NYSE:INGR opened at $108.33 on Monday. Ingredion has a 1 year low of $102.31 and a 1 year high of $148.61. The stock has a 50-day simple moving average of $113.78 and a 200-day simple moving average of $125.46. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.79 and a current ratio of 2.75. The stock has a market capitalization of $6.88 billion, a P/E ratio of 10.80, a PEG ratio of 0.88 and a beta of 0.72.

Ingredion (NYSE:INGR) last released its earnings results on Tuesday, November 4th. The company reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.73 by $0.02. Ingredion had a return on equity of 18.14% and a net margin of 9.07%.The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.90 billion. Ingredion has set its FY 2025 guidance at 11.100-11.300 EPS. Equities analysts forecast that Ingredion will post 11.14 earnings per share for the current year.

Hedge Funds Weigh In On Ingredion

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Allworth Financial LP increased its holdings in Ingredion by 3.6% in the 3rd quarter. Allworth Financial LP now owns 60,542 shares of the company’s stock worth $7,393,000 after purchasing an additional 2,108 shares in the last quarter. Swiss Life Asset Management Ltd lifted its holdings in Ingredion by 82.9% in the third quarter. Swiss Life Asset Management Ltd now owns 3,040 shares of the company’s stock valued at $371,000 after buying an additional 1,378 shares during the period. CIBC Bancorp USA Inc. bought a new stake in Ingredion in the third quarter worth approximately $340,000. Caerus Investment Advisors LLC acquired a new position in shares of Ingredion during the 3rd quarter valued at $252,000. Finally, Danske Bank A S bought a new position in shares of Ingredion during the 3rd quarter worth about $1,058,000. 85.27% of the stock is currently owned by institutional investors and hedge funds.

Ingredion Company Profile

Ingredion Incorporated, together with its subsidiaries, manufactures and sells sweeteners, starches, nutrition ingredients, and biomaterial solutions derived from wet milling and processing corn, and other starch-based materials to a range of industries in North America, South America, the Asia Pacific, Europe, the Middle East, and Africa.