Darling Ingredients Inc. (NYSE:DAR) Receives $44.11 Average PT from Analysts

Darling Ingredients Inc. (NYSE:DAR) has been given an average rating of “Moderate Buy” by the thirteen ratings firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $44.1111.

A number of research firms have recently issued reports on DAR. Zacks Research raised Darling Ingredients from a “strong sell” rating to a “hold” rating in a research report on Friday, November 14th. Robert W. Baird restated a “neutral” rating and issued a $36.00 price target (down previously from $40.00) on shares of Darling Ingredients in a research note on Friday, July 25th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Darling Ingredients in a report on Wednesday, October 8th. UBS Group set a $50.00 price objective on shares of Darling Ingredients in a research report on Monday, November 3rd. Finally, Baird R W downgraded shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a report on Friday, July 25th.

Darling Ingredients Stock Down 2.7%

Darling Ingredients stock opened at $34.12 on Monday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.50 and a quick ratio of 0.89. The company’s 50-day moving average is $32.32 and its 200-day moving average is $33.48. The firm has a market capitalization of $5.40 billion, a PE ratio of 50.93, a P/E/G ratio of 2.35 and a beta of 1.30. Darling Ingredients has a fifty-two week low of $26.00 and a fifty-two week high of $42.28.

Darling Ingredients (NYSE:DAR) last issued its earnings results on Thursday, October 23rd. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.01). The firm had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.50 billion. Darling Ingredients had a net margin of 1.84% and a return on equity of 2.41%. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter last year, the business posted $0.11 earnings per share. Sell-side analysts anticipate that Darling Ingredients will post 2.81 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Hantz Financial Services Inc. grew its position in shares of Darling Ingredients by 609.8% in the second quarter. Hantz Financial Services Inc. now owns 653 shares of the company’s stock valued at $25,000 after purchasing an additional 561 shares during the last quarter. Danske Bank A S acquired a new stake in Darling Ingredients during the 3rd quarter worth approximately $25,000. Sound Income Strategies LLC bought a new stake in Darling Ingredients in the 3rd quarter valued at $29,000. Cary Street Partners Investment Advisory LLC bought a new stake in Darling Ingredients in the 1st quarter valued at $30,000. Finally, Abich Financial Wealth Management LLC acquired a new position in Darling Ingredients in the 3rd quarter valued at $37,000. 94.44% of the stock is owned by institutional investors.

Darling Ingredients Company Profile

Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients in North America, Europe, China, South America, and internationally. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.