Darling Ingredients Inc. (NYSE:DAR) Receives $46.00 Consensus Price Target from Brokerages

Shares of Darling Ingredients Inc. (NYSE:DAR - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the eight research firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $46.00.

DAR has been the subject of several research reports. TD Cowen reduced their price target on shares of Darling Ingredients from $37.00 to $34.00 and set a "hold" rating for the company in a research report on Friday, April 25th. Robert W. Baird cut their price target on shares of Darling Ingredients from $41.00 to $40.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Wall Street Zen upgraded shares of Darling Ingredients from a "sell" rating to a "hold" rating in a research note on Friday, April 25th. Finally, Citigroup reduced their price target on shares of Darling Ingredients from $45.00 to $44.00 and set a "buy" rating for the company in a report on Tuesday, April 15th.

Darling Ingredients Trading Up 2.5%

Darling Ingredients stock traded up $0.80 during trading hours on Monday, hitting $32.34. The company had a trading volume of 1,341,458 shares, compared to its average volume of 2,239,386. The company has a 50-day moving average price of $31.61 and a two-hundred day moving average price of $34.73. Darling Ingredients has a 1 year low of $26.00 and a 1 year high of $43.49. The firm has a market cap of $5.11 billion, a P/E ratio of 18.69 and a beta of 1.25. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.41.

Darling Ingredients (NYSE:DAR - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of $0.20 by ($0.36). The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.45 billion. Darling Ingredients had a net margin of 4.88% and a return on equity of 6.04%. The firm's quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.50 EPS. On average, sell-side analysts anticipate that Darling Ingredients will post 2.81 earnings per share for the current year.

Hedge Funds Weigh In On Darling Ingredients

Institutional investors have recently modified their holdings of the business. M&T Bank Corp boosted its holdings in Darling Ingredients by 3.3% in the fourth quarter. M&T Bank Corp now owns 8,987 shares of the company's stock worth $303,000 after acquiring an additional 286 shares in the last quarter. Ironwood Investment Management LLC boosted 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 worth $1,414,000 after acquiring an additional 297 shares during the period. CIBC Asset Management Inc boosted its stake in Darling Ingredients by 5.8% during the fourth quarter. CIBC Asset Management Inc now owns 6,105 shares of the company's stock valued at $206,000 after buying an additional 337 shares during the period. Xponance Inc. boosted its stake in Darling Ingredients by 2.0% during the first quarter. Xponance Inc. now owns 20,183 shares of the company's stock valued at $631,000 after buying an additional 393 shares during the period. Finally, State of Michigan Retirement System lifted its stake in Darling Ingredients by 1.1% during the first quarter. State of Michigan Retirement System now owns 38,074 shares of the company's stock worth $1,189,000 after purchasing an additional 400 shares during the last quarter. Institutional investors and hedge funds own 94.44% of the company's stock.

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.