Jefferies Financial Group Issues Positive Forecast for Darling Ingredients (NYSE:DAR) Stock Price

Darling Ingredients (NYSE:DAR - Free Report) had its target price raised by Jefferies Financial Group from $45.00 to $46.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

Other research analysts have also issued reports about the company. Tudor Pickering raised Darling Ingredients from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 11th. TD Cowen decreased their price objective on Darling Ingredients from $37.00 to $34.00 and set a "hold" rating for the company in a report on Friday, April 25th. Citigroup decreased their price objective on Darling Ingredients from $45.00 to $44.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Robert W. Baird cut their target price on Darling Ingredients from $41.00 to $40.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Finally, Wall Street Zen upgraded Darling Ingredients from a "sell" rating to a "hold" rating in a research note on Friday, April 25th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $46.00.

Darling Ingredients Trading Up 3.1%

DAR traded up $1.15 during midday trading on Monday, hitting $38.25. 2,428,046 shares of the company were exchanged, compared to its average volume of 2,253,202. The firm has a market capitalization of $6.05 billion, a P/E ratio of 35.75 and a beta of 1.23. Darling Ingredients has a 1-year low of $26.00 and a 1-year high of $43.49. The firm's 50 day moving average price is $34.91 and its 200-day moving average price is $34.14. The company has a quick ratio of 0.83, a current ratio of 1.40 and a debt-to-equity ratio of 0.84.

Darling Ingredients (NYSE:DAR - Get Free Report) last announced its 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 company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.45 billion. Darling Ingredients had a return on equity of 3.78% and a net margin of 3.02%. The firm's quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.50 earnings per share. As a group, equities analysts forecast that Darling Ingredients will post 2.81 EPS for the current fiscal year.

Hedge Funds Weigh In On Darling Ingredients

Several institutional investors have recently bought and sold shares of DAR. Heck Capital Advisors LLC purchased a new stake in shares of Darling Ingredients during the fourth quarter worth $25,000. Cary Street Partners Investment Advisory LLC bought a new position in Darling Ingredients in the first quarter valued at $30,000. Hexagon Capital Partners LLC increased its stake in Darling Ingredients by 33.3% in the first quarter. Hexagon Capital Partners LLC now owns 2,000 shares of the company's stock valued at $62,000 after acquiring an additional 500 shares during the last quarter. UMB Bank n.a. increased its stake in Darling Ingredients by 207.1% in the first quarter. UMB Bank n.a. now owns 2,036 shares of the company's stock valued at $64,000 after acquiring an additional 1,373 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in Darling Ingredients by 101.3% in the first quarter. GAMMA Investing LLC now owns 2,063 shares of the company's stock valued at $64,000 after acquiring an additional 1,038 shares during the last quarter. Hedge funds and other institutional investors 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.