Jefferies Financial Group Raises Darling Ingredients (NYSE:DAR) Price Target to $46.00

Darling Ingredients (NYSE:DAR - Get Free Report) had its price target upped by equities researchers at Jefferies Financial Group from $45.00 to $46.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Jefferies Financial Group's price target suggests a potential upside of 20.20% from the stock's current price.

DAR has been the topic of several other research reports. TD Cowen cut their price target on shares of Darling Ingredients from $37.00 to $34.00 and set a "hold" 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 report on Friday, April 25th. Citigroup lowered their price objective on shares of Darling Ingredients from $45.00 to $44.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Tudor Pickering raised shares of Darling Ingredients from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 11th. Finally, Robert W. Baird lowered their price objective on shares of Darling Ingredients from $41.00 to $40.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $46.00.

Darling Ingredients Trading Down 3.0%

Shares of NYSE DAR traded down $1.18 on Monday, reaching $38.27. 581,478 shares of the company traded hands, compared to its average volume of 2,237,203. Darling Ingredients has a fifty-two week low of $26.00 and a fifty-two week high of $43.49. The company has a 50 day moving average of $34.47 and a 200 day moving average of $34.03. The company has a current ratio of 1.40, a quick ratio of 0.83 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $6.05 billion, a PE ratio of 35.80 and a beta of 1.23.

Darling Ingredients (NYSE:DAR - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported ($0.16) EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.36). Darling Ingredients had a net margin of 3.02% and a return on equity of 3.78%. The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same period in the prior year, the company earned $0.50 EPS. The company's revenue was down 2.8% compared to the same quarter last year. On average, equities research analysts forecast that Darling Ingredients will post 2.81 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Darling Ingredients

Several large investors have recently added to or reduced their stakes in the company. Salem Investment Counselors Inc. lifted its stake in Darling Ingredients by 16.4% during the second quarter. Salem Investment Counselors Inc. now owns 15,558 shares of the company's stock worth $590,000 after purchasing an additional 2,194 shares during the last quarter. Central Pacific Bank Trust Division lifted its stake in Darling Ingredients by 5.2% during the second quarter. Central Pacific Bank Trust Division now owns 11,286 shares of the company's stock worth $428,000 after purchasing an additional 562 shares during the last quarter. Strs Ohio bought a new position in Darling Ingredients during the first quarter worth $949,000. Focus Partners Wealth bought a new position in Darling Ingredients during the first quarter worth $205,000. Finally, Bayforest Capital Ltd lifted its stake in Darling Ingredients by 356.6% during the first quarter. Bayforest Capital Ltd now owns 29,869 shares of the company's stock worth $933,000 after purchasing an additional 23,327 shares during the last quarter. 94.44% of the stock is currently 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.

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