Darling Ingredients (NYSE:DAR) Price Target Cut to $50.00 by Analysts at Piper Sandler

Key Points

• Piper Sandler has lowered its price target for Darling Ingredients from $54.00 to $50.00, while maintaining an "overweight" rating, indicating a potential upside of 44.14% from the stock's previous close.
• Several research firms have adjusted their ratings for Darling Ingredients, with Robert W. Baird reiterating a "neutral" rating and setting a target at $36.00, while Tudor Pickering upgraded it to a "strong-buy."
• The company reported a loss of $0.03 per share against analysts' expectations, with earnings of $0.09 per share for the last quarter, which is significantly lower than the previous year's earnings of $0.49 per share.

Darling Ingredients (NYSE:DAR - Get Free Report) had its target price dropped by analysts at Piper Sandler from $54.00 to $50.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Piper Sandler's target price would indicate a potential upside of 48.43% from the stock's previous close.

DAR has been the topic of several other research reports. Wall Street Zen upgraded shares of Darling Ingredients from a "sell" rating to a "hold" rating in a research report on Friday, April 25th. Jefferies Financial Group increased their target price on shares of Darling Ingredients from $45.00 to $46.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Robert W. Baird reiterated a "neutral" rating and set a $36.00 target price (down from $40.00) on shares of Darling Ingredients in a report on Friday. Citigroup lowered their price target on shares of Darling Ingredients from $45.00 to $44.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Finally, TD Cowen decreased their price objective 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. Four analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $45.86.

Darling Ingredients Stock Performance

Shares of DAR traded down $0.68 on Monday, reaching $33.69. The company's stock had a trading volume of 58,219 shares, compared to its average volume of 2,388,377. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.40 and a quick ratio of 0.83. The stock has a market capitalization of $5.33 billion, a P/E ratio of 50.92 and a beta of 1.23. The stock's 50 day simple moving average is $35.26 and its two-hundred day simple moving average is $34.30. Darling Ingredients has a 12-month low of $26.00 and a 12-month high of $43.49.

Darling Ingredients (NYSE:DAR - Get Free Report) last issued its quarterly earnings results 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). Darling Ingredients had a net margin of 1.85% and a return on equity of 2.37%. The firm had revenue of $1.48 billion for the quarter, compared to analysts' expectations of $1.49 billion. During the same period in the prior year, the firm earned $0.49 EPS. Darling Ingredients's revenue for the quarter was up 1.8% compared to the same quarter last year. 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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Heck Capital Advisors LLC purchased a new stake in shares of Darling Ingredients during the fourth quarter worth approximately $25,000. Cary Street Partners Investment Advisory LLC purchased a new stake in shares of Darling Ingredients during the first quarter worth approximately $30,000. Hexagon Capital Partners LLC raised its stake in shares of Darling Ingredients by 33.3% during the first quarter. Hexagon Capital Partners LLC now owns 2,000 shares of the company's stock worth $62,000 after purchasing an additional 500 shares during the last quarter. UMB Bank n.a. raised its stake in shares of Darling Ingredients by 207.1% during the first quarter. UMB Bank n.a. now owns 2,036 shares of the company's stock worth $64,000 after purchasing an additional 1,373 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in Darling Ingredients by 101.3% in the first quarter. GAMMA Investing LLC now owns 2,063 shares of the company's stock worth $64,000 after acquiring an additional 1,038 shares in the last quarter. 94.44% of the stock is owned by institutional investors and hedge funds.

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.