Ingredion (NYSE:INGR) Upgraded to Buy at Wall Street Zen

Ingredion (NYSE:INGR) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

A number of other brokerages have also recently issued reports on INGR. UBS Group reduced their price objective on shares of Ingredion from $130.00 to $119.00 and set a “neutral” rating for the company in a research note on Wednesday, November 5th. Oppenheimer set a $136.00 target price on shares of Ingredion in a report on Wednesday, October 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Ingredion in a research note on Monday. Stephens lowered their price objective on Ingredion from $140.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 5th. Finally, BMO Capital Markets dropped their price objective on Ingredion from $143.00 to $123.00 and set a “market perform” rating for the company in a research note on Wednesday, November 5th. One equities research analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Ingredion presently has an average rating of “Hold” and a consensus price target of $124.33.

Ingredion Stock Performance

Shares of INGR opened at $109.74 on Friday. The company has a quick ratio of 1.79, a current ratio of 2.75 and a debt-to-equity ratio of 0.41. The business has a 50-day simple moving average of $109.80 and a two-hundred day simple moving average of $121.81. The stock has a market cap of $6.97 billion, a price-to-earnings ratio of 10.94, a PEG ratio of 0.88 and a beta of 0.72. Ingredion has a 52 week low of $102.31 and a 52 week high of $141.78.

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

Institutional Investors Weigh In On Ingredion

Institutional investors have recently made changes to their positions in the company. WPG Advisers LLC boosted its stake in shares of Ingredion by 100.8% during the 3rd quarter. WPG Advisers LLC now owns 245 shares of the company’s stock worth $30,000 after purchasing an additional 123 shares during the period. Hantz Financial Services Inc. lifted its stake in Ingredion by 810.7% in the second quarter. Hantz Financial Services Inc. now owns 255 shares of the company’s stock worth $35,000 after purchasing an additional 227 shares during the last quarter. Root Financial Partners LLC purchased a new position in shares of Ingredion during the third quarter valued at approximately $36,000. Ameritas Advisory Services LLC bought a new position in shares of Ingredion during the second quarter valued at approximately $40,000. Finally, Ransom Advisory Ltd bought a new position in shares of Ingredion during the first quarter valued at approximately $41,000. Institutional investors own 85.27% of the company’s stock.

Ingredion Company Profile

Ingredion Incorporated is a global ingredient solutions company specializing in the production and sale of starches, sweeteners, nutrition ingredients and biomaterials derived primarily from corn and other plant-based raw materials. The company serves a diverse set of industries, including food and beverage, brewing, pharmaceuticals and personal care, providing functional ingredients that enhance texture, stability, flavor and nutritional value in a wide array of end products.

The company’s product portfolio comprises native and modified starches, high-fructose corn syrup, dextrose, maltodextrins, specialty sweeteners and various texturizers.