Darling Ingredients Inc. (NYSE:DAR) Given Average Recommendation of “Moderate Buy” by Analysts

Darling Ingredients Inc. (NYSE:DAR) has received a consensus recommendation of “Moderate Buy” from the eleven research firms that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $68.45.

A number of research analysts have issued reports on the company. Citigroup upgraded Darling Ingredients from a “neutral” rating to a “buy” rating and set a $48.00 target price on the stock in a research report on Wednesday, June 12th. TD Cowen decreased their target price on Darling Ingredients from $51.00 to $45.00 and set a “hold” rating on the stock in a research report on Thursday, June 13th. JPMorgan Chase & Co. reduced their price target on Darling Ingredients from $66.00 to $62.00 and set an “overweight” rating on the stock in a report on Wednesday, April 17th. Scotiabank reduced their price target on Darling Ingredients from $73.00 to $57.00 and set a “sector outperform” rating on the stock in a report on Thursday, April 11th. Finally, Stifel Nicolaus reduced their price target on Darling Ingredients from $90.00 to $85.00 and set a “buy” rating on the stock in a report on Monday, May 20th.

Hedge Funds Weigh In On Darling Ingredients

Institutional investors have recently added to or reduced their stakes in the business. Illinois Municipal Retirement Fund lifted its stake in Darling Ingredients by 111.6% in the fourth quarter. Illinois Municipal Retirement Fund now owns 30,212 shares of the company’s stock valued at $1,506,000 after buying an additional 15,933 shares during the period. NFC Investments LLC acquired a new position in Darling Ingredients in the fourth quarter valued at approximately $22,473,000. Goldman Sachs Group Inc. lifted its stake in Darling Ingredients by 15.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,595,089 shares of the company’s stock valued at $79,499,000 after buying an additional 213,763 shares during the period. Jennison Associates LLC raised its position in shares of Darling Ingredients by 28.9% during the fourth quarter. Jennison Associates LLC now owns 1,008,227 shares of the company’s stock worth $50,250,000 after purchasing an additional 226,134 shares during the period. Finally, Gates Capital Management Inc. acquired a new position in shares of Darling Ingredients during the fourth quarter worth approximately $88,885,000. 94.44% of the stock is owned by institutional investors and hedge funds.

Darling Ingredients Stock Down 0.6 %

DAR stock opened at $36.96 on Friday. The company has a market cap of $5.91 billion, a PE ratio of 11.07 and a beta of 1.26. The business has a 50-day simple moving average of $39.92 and a 200 day simple moving average of $43.07. Darling Ingredients has a 52 week low of $33.94 and a 52 week high of $71.60. The company has a quick ratio of 0.96, a current ratio of 1.67 and a debt-to-equity ratio of 0.93.

Darling Ingredients (NYSE:DAR) last released its earnings results on Thursday, April 25th. The company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). Darling Ingredients had a net margin of 8.46% and a return on equity of 12.22%. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the firm earned $1.16 EPS. The business’s revenue was down 20.7% on a year-over-year basis. Sell-side analysts anticipate that Darling Ingredients will post 2.65 EPS for the current fiscal year.

About Darling Ingredients

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.