JPMorgan Chase & Co. Issues Positive Forecast for Darling Ingredients (NYSE:DAR) Stock Price

Darling Ingredients (NYSE:DAR) had its target price hoisted by JPMorgan Chase & Co. from $58.00 to $59.00 in a research note published on Wednesday, Benzinga reports. They currently have an overweight rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Jefferies Financial Group increased their price objective on shares of Darling Ingredients from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Piper Sandler cut their price target on Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating for the company in a report on Friday, October 11th. TD Cowen dropped their price objective on Darling Ingredients from $45.00 to $43.00 and set a “hold” rating for the company in a research report on Friday, September 13th. Finally, Scotiabank reduced their target price on shares of Darling Ingredients from $57.00 to $45.00 and set a “sector outperform” rating on the stock in a report on Friday, July 12th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $55.60.

Darling Ingredients Trading Up 2.1 %

Shares of Darling Ingredients stock opened at $39.87 on Wednesday. The company has a 50-day moving average of $37.59 and a two-hundred day moving average of $38.79. The stock has a market cap of $6.37 billion, a PE ratio of 11.94 and a beta of 1.24. The company has a current ratio of 1.57, a quick ratio of 0.91 and a debt-to-equity ratio of 0.95. Darling Ingredients has a 12-month low of $32.67 and a 12-month high of $51.36.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.29). The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.48 billion. Darling Ingredients had a return on equity of 8.38% and a net margin of 6.04%. The business’s revenue for the quarter was down 12.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.77 earnings per share. On average, research analysts anticipate that Darling Ingredients will post 2.26 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. GAMMA Investing LLC grew its position in Darling Ingredients by 173.9% during the third quarter. GAMMA Investing LLC now owns 830 shares of the company’s stock valued at $31,000 after acquiring an additional 527 shares during the period. Signaturefd LLC grew its holdings in shares of Darling Ingredients by 75.0% during the 3rd quarter. Signaturefd LLC now owns 901 shares of the company’s stock worth $33,000 after purchasing an additional 386 shares during the period. Blue Trust Inc. increased its position in Darling Ingredients by 38.0% during the 3rd quarter. Blue Trust Inc. now owns 1,046 shares of the company’s stock worth $38,000 after purchasing an additional 288 shares in the last quarter. Farther Finance Advisors LLC lifted its position in Darling Ingredients by 69.2% during the third quarter. Farther Finance Advisors LLC now owns 1,854 shares of the company’s stock valued at $69,000 after buying an additional 758 shares in the last quarter. Finally, Quarry LP grew its stake in Darling Ingredients by 893.8% during the second quarter. Quarry LP now owns 2,584 shares of the company’s stock worth $95,000 after buying an additional 2,324 shares during the period. 94.44% of the stock is owned by hedge funds and other institutional investors.

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.