Darling Ingredients Inc. (NYSE:DAR) Receives $45.86 Consensus Target Price from Brokerages

Key Points

• Darling Ingredients Inc. has received a consensus rating of "Moderate Buy" from analysts, with three holding, five buying, and one strongly buying the stock.
• The average one-year price target for Darling Ingredients is $45.86, reflecting varying target prices from analysts.
• In its latest earnings report, the company reported an EPS of $0.09, missing the consensus estimate of $0.12, and its revenue for the quarter was $1.48 billion.

Shares of Darling Ingredients Inc. (NYSE:DAR - Get Free Report) have received a consensus rating of "Moderate Buy" from the nine brokerages that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $45.8571.

DAR has been the subject of several research reports. Wall Street Zen upgraded shares of Darling Ingredients from a "sell" rating to a "hold" rating in a research note on Friday, April 25th. Jefferies Financial Group increased their target price on Darling Ingredients from $45.00 to $46.00 and gave the company a "buy" rating in a research report on Monday, July 7th. Baird R W lowered Darling Ingredients from a "strong-buy" rating to a "hold" rating in a report on Friday, July 25th. Robert W. Baird restated a "neutral" rating and issued a $36.00 price target (down from $40.00) on shares of Darling Ingredients in a research report on Friday, July 25th. Finally, TD Cowen cut their target price on Darling Ingredients from $37.00 to $34.00 and set a "hold" rating for the company in a research note on Friday, April 25th.

Darling Ingredients Trading Down 2.9%

DAR traded down $0.88 during trading on Friday, reaching $29.75. The company had a trading volume of 1,538,448 shares, compared to its average volume of 2,377,810. The stock has a market cap of $4.71 billion, a P/E ratio of 45.08 and a beta of 1.19. The business has a 50 day simple moving average of $35.23 and a 200-day simple moving average of $34.00. Darling Ingredients has a 52 week low of $26.00 and a 52 week high of $43.49. The company has a quick ratio of 0.89, a current ratio of 1.50 and a debt-to-equity ratio of 0.84.

Darling Ingredients (NYSE:DAR - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.03). The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.49 billion. Darling Ingredients had a net margin of 1.85% and a return on equity of 2.35%. The business's revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.49 earnings per share. On average, equities analysts anticipate that Darling Ingredients will post 2.81 EPS for the current fiscal year.

Institutional Trading of Darling Ingredients

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Creative Planning increased its stake in Darling Ingredients by 39.6% during the second quarter. Creative Planning now owns 19,511 shares of the company's stock worth $740,000 after acquiring an additional 5,533 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Darling Ingredients by 6.9% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 40,636 shares of the company's stock worth $1,542,000 after acquiring an additional 2,617 shares during the last quarter. Police & Firemen s Retirement System of New Jersey lifted its holdings in Darling Ingredients by 4.2% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 59,179 shares of the company's stock worth $2,245,000 after acquiring an additional 2,361 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Darling Ingredients by 18.9% during the second quarter. PNC Financial Services Group Inc. now owns 13,613 shares of the company's stock valued at $516,000 after acquiring an additional 2,163 shares during the period. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of Darling Ingredients during the second quarter valued at approximately $1,705,000. 94.44% of the stock is currently owned by hedge funds and other 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.