Darling Ingredients (NYSE:DAR) Given New $46.00 Price Target at JPMorgan Chase & Co.

Darling Ingredients (NYSE:DAR) had its target price lifted by equities research analysts at JPMorgan Chase & Co. from $44.00 to $46.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 12.83% from the stock’s current price.

DAR has been the subject of several other research reports. Zacks Research downgraded Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. TD Cowen raised shares of Darling Ingredients from a “hold” rating to a “buy” rating and raised their price target for the company from $34.00 to $45.00 in a research note on Tuesday, December 2nd. UBS Group set a $50.00 target price on Darling Ingredients in a report on Monday, November 3rd. Cowen upgraded Darling Ingredients from a “hold” rating to a “buy” rating in a research report on Tuesday, December 2nd. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Darling Ingredients in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.33.

Darling Ingredients Price Performance

Shares of NYSE DAR traded up $0.35 during midday trading on Wednesday, reaching $40.77. 378,840 shares of the company were exchanged, compared to its average volume of 2,102,927. The stock’s 50-day moving average price is $36.33 and its 200-day moving average price is $34.05. The stock has a market cap of $6.45 billion, a P/E ratio of 60.85, a PEG ratio of 0.45 and a beta of 1.25. The company has a quick ratio of 0.87, a current ratio of 1.49 and a debt-to-equity ratio of 0.84. Darling Ingredients has a one year low of $26.00 and a one year high of $42.15.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings data on Thursday, October 23rd. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.01). The firm had revenue of $1.56 billion for 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 2.39%. The company’s revenue was up 10.0% compared to the same quarter last year. During the same period last year, the business earned $0.11 EPS. On average, sell-side analysts anticipate that Darling Ingredients will post 2.81 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Darling Ingredients

A number of large investors have recently modified their holdings of the company. Hantz Financial Services Inc. increased its stake in Darling Ingredients by 609.8% during the 2nd quarter. Hantz Financial Services Inc. now owns 653 shares of the company’s stock valued at $25,000 after purchasing an additional 561 shares in the last quarter. Danske Bank A S bought a new position in shares of Darling Ingredients in the third quarter valued at $25,000. Sound Income Strategies LLC acquired a new position in shares of Darling Ingredients during the third quarter valued at about $29,000. Abich Financial Wealth Management LLC bought a new stake in shares of Darling Ingredients during the third quarter worth about $37,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Darling Ingredients by 681.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,016 shares of the company’s stock worth $39,000 after acquiring an additional 886 shares during the last quarter. 94.44% of the stock is currently owned by institutional investors.

About Darling Ingredients

Darling Ingredients Inc (NYSE: DAR) is a global leader in converting edible and inedible bio-nutrient streams into sustainable food, feed ingredients, renewable fuels and specialty products. Founded in 1882 and headquartered in Irving, Texas, the company builds on more than a century of experience in animal rendering and by-product recycling. Over time, Darling has expanded its capabilities beyond traditional rendering to include advanced processing technologies that support a circular economy and reduce waste from food and agricultural industries.

The company’s core operations revolve around four primary segments: Feed Ingredients & Services, Food & Nutrition, Fuel Ingredients & Services, and Specialty Ingredients.