Darling Ingredients (NYSE:DAR) Given New $37.00 Price Target at TD Cowen

Darling Ingredients (NYSE:DAR) had its price target reduced by TD Cowen from $43.00 to $37.00 in a note issued to investors on Friday,Briefing.com Automated Import reports. The firm currently has a “hold” rating on the stock. TD Cowen’s price objective indicates a potential upside of 17.44% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. Stephens reaffirmed an “overweight” rating and issued a $52.00 target price on shares of Darling Ingredients in a report on Thursday, January 23rd. Citigroup reduced their price objective on shares of Darling Ingredients from $46.00 to $44.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Finally, StockNews.com downgraded shares of Darling Ingredients from a “hold” rating to a “sell” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $52.00.

Darling Ingredients Stock Performance

Shares of DAR stock opened at $31.51 on Friday. The firm has a 50 day moving average of $34.76 and a two-hundred day moving average of $36.36. The stock has a market capitalization of $4.98 billion, a PE ratio of 18.21 and a beta of 1.19. The company has a quick ratio of 0.83, a current ratio of 1.41 and a debt-to-equity ratio of 0.89. Darling Ingredients has a 52 week low of $27.20 and a 52 week high of $48.39.

Darling Ingredients (NYSE:DAR) last released its earnings results on Thursday, February 6th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.15. Darling Ingredients had a return on equity of 6.04% and a net margin of 4.88%. On average, research analysts predict that Darling Ingredients will post 2.81 EPS for the current fiscal year.

Institutional Trading of Darling Ingredients

Hedge funds and other institutional investors have recently made changes to their positions in the company. M&T Bank Corp raised its position in Darling Ingredients by 3.3% in the 4th quarter. M&T Bank Corp now owns 8,987 shares of the company’s stock valued at $303,000 after purchasing an additional 286 shares during the last quarter. Ironwood Investment Management LLC raised its holdings in shares of Darling Ingredients by 0.7% in the fourth quarter. Ironwood Investment Management LLC now owns 41,957 shares of the company’s stock valued at $1,414,000 after buying an additional 297 shares during the last quarter. CIBC Asset Management Inc boosted its stake in shares of Darling Ingredients by 5.8% during the fourth quarter. CIBC Asset Management Inc now owns 6,105 shares of the company’s stock worth $206,000 after buying an additional 337 shares during the period. Metis Global Partners LLC grew its holdings in shares of Darling Ingredients by 4.3% during the fourth quarter. Metis Global Partners LLC now owns 9,786 shares of the company’s stock worth $330,000 after buying an additional 406 shares during the last quarter. Finally, Glenmede Trust Co. NA increased its position in Darling Ingredients by 5.7% in the 3rd quarter. Glenmede Trust Co. NA now owns 7,609 shares of the company’s stock valued at $283,000 after acquiring an additional 412 shares during the period. Institutional investors and hedge funds own 94.44% of the company’s stock.

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.