Darling Ingredients Inc. (NYSE:DAR) Receives $72.55 Average Price Target from Analysts

Shares of Darling Ingredients Inc. (NYSE:DAR) have received a consensus recommendation of “Moderate Buy” from the ten brokerages that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $72.55.

DAR has been the topic of several recent research reports. JPMorgan Chase & Co. decreased their target price on shares of Darling Ingredients from $66.00 to $62.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 17th. Citigroup lifted their price target on shares of Darling Ingredients from $46.00 to $48.00 and gave the company a “neutral” rating in a report on Wednesday, April 3rd. Stephens cut their price target on shares of Darling Ingredients from $55.00 to $50.00 and set an “equal weight” rating for the company in a report on Wednesday, January 24th. Scotiabank cut their price target on shares of Darling Ingredients from $73.00 to $57.00 and set a “sector outperform” rating for the company in a report on Thursday, April 11th. Finally, BMO Capital Markets cut their price target on shares of Darling Ingredients from $60.00 to $57.00 and set an “outperform” rating for the company in a report on Thursday, February 29th.

Darling Ingredients Price Performance

Shares of Darling Ingredients stock opened at $43.15 on Friday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.10 and a current ratio of 1.86. The firm’s 50-day simple moving average is $43.85 and its 200-day simple moving average is $44.61. Darling Ingredients has a twelve month low of $38.97 and a twelve month high of $71.60. The firm has a market cap of $6.89 billion, a P/E ratio of 10.82 and a beta of 1.29.

Darling Ingredients (NYSE:DAR) last issued its earnings results on Tuesday, February 27th. The company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.12). Darling Ingredients had a net margin of 9.54% and a return on equity of 15.05%. The business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.65 billion. As a group, research analysts expect that Darling Ingredients will post 3.32 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Kurt Stoffel bought 8,000 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was bought at an average cost of $41.62 per share, with a total value of $332,960.00. Following the completion of the purchase, the director now owns 10,571 shares in the company, valued at approximately $439,965.02. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.26% of the company’s stock.

Institutional Investors Weigh In On Darling Ingredients

A number of institutional investors and hedge funds have recently modified their holdings of DAR. AE Wealth Management LLC raised its stake in shares of Darling Ingredients by 8.3% during the third quarter. AE Wealth Management LLC now owns 6,256 shares of the company’s stock worth $327,000 after buying an additional 478 shares during the last quarter. IFP Advisors Inc grew its holdings in Darling Ingredients by 761.4% during the third quarter. IFP Advisors Inc now owns 5,935 shares of the company’s stock valued at $310,000 after purchasing an additional 5,246 shares during the period. SG Americas Securities LLC grew its holdings in Darling Ingredients by 141.6% during the third quarter. SG Americas Securities LLC now owns 78,553 shares of the company’s stock valued at $4,100,000 after purchasing an additional 46,042 shares during the period. Community Trust & Investment Co. grew its holdings in Darling Ingredients by 3.7% during the third quarter. Community Trust & Investment Co. now owns 180,812 shares of the company’s stock valued at $9,438,000 after purchasing an additional 6,455 shares during the period. Finally, Exchange Traded Concepts LLC acquired a new position in Darling Ingredients during the third quarter valued at approximately $38,000. 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.