Shares of Darling Ingredients Inc. (NYSE:DAR – Get Free Report) have earned an average recommendation of “Moderate Buy” from the thirteen research firms that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $69.00.
Several research firms have recently issued reports on DAR. Zacks Research lowered Darling Ingredients from a “strong-buy” rating to a “hold” rating in a report on Friday, May 22nd. Robert W. Baird upped their target price on Darling Ingredients from $64.00 to $75.00 and gave the company an “outperform” rating in a report on Tuesday, April 7th. BMO Capital Markets upped their target price on Darling Ingredients from $45.00 to $57.00 and gave the company an “outperform” rating in a report on Friday, February 13th. JPMorgan Chase & Co. upped their target price on Darling Ingredients from $78.00 to $79.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Finally, Jefferies Financial Group upped their target price on Darling Ingredients from $73.00 to $75.00 and gave the company a “buy” rating in a report on Monday, May 4th.
Check Out Our Latest Stock Report on DAR
Insider Activity
Hedge Funds Weigh In On Darling Ingredients
Several institutional investors have recently modified their holdings of DAR. Danske Bank A S bought a new position in Darling Ingredients during the third quarter valued at $25,000. Allworth Financial LP grew its holdings in Darling Ingredients by 227.2% during the fourth quarter. Allworth Financial LP now owns 733 shares of the company’s stock valued at $26,000 after purchasing an additional 509 shares during the period. SJS Investment Consulting Inc. grew its holdings in Darling Ingredients by 69.9% during the first quarter. SJS Investment Consulting Inc. now owns 423 shares of the company’s stock valued at $26,000 after purchasing an additional 174 shares during the period. Litman Gregory Wealth Management LLC bought a new position in Darling Ingredients during the fourth quarter valued at $29,000. Finally, Leonteq Securities AG bought a new position in Darling Ingredients during the fourth quarter valued at $35,000. 94.44% of the stock is owned by institutional investors.
Darling Ingredients Stock Performance
Shares of Darling Ingredients stock opened at $58.45 on Friday. The company has a market cap of $9.29 billion, a PE ratio of 42.36 and a beta of 1.02. Darling Ingredients has a 52 week low of $29.15 and a 52 week high of $66.02. The business has a 50 day moving average price of $61.06 and a 200-day moving average price of $50.20. The company has a quick ratio of 1.03, a current ratio of 1.58 and a debt-to-equity ratio of 0.82.
Darling Ingredients (NYSE:DAR – Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.56 by $0.27. The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.56 billion. Darling Ingredients had a return on equity of 5.65% and a net margin of 3.54%.The company’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.16) earnings per share. Equities analysts anticipate that Darling Ingredients will post 4.68 earnings per share for the current fiscal year.
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.
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