TD Cowen Issues Positive Forecast for Darling Ingredients (NYSE:DAR) Stock Price

Key Points

• TD Cowen raised its price target on Darling Ingredients to $76 from $72 and kept a "buy" rating, implying roughly an 18% upside from the current price.
• The stock carries a consensus analyst rating of "Buy" (2 Strong Buy, 10 Buy, 1 Sell) with an average target of $68, indicating broad analyst optimism despite varied targets.
• Darling reported an EPS of $0.83 that beat estimates by $0.27 and revenue of $1.55 billion (up 12.3% YoY); shares recently traded near $64.21 with a market cap around $10.2B and a P/E of 46.5.

Darling Ingredients (NYSE:DAR - Get Free Report) had its price target boosted by equities researchers at TD Cowen from $72.00 to $76.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. TD Cowen's price objective suggests a potential upside of 18.36% from the company's current price.

Other analysts have also issued reports about the company. Weiss Ratings reiterated a "sell (d+)" rating on shares of Darling Ingredients in a research note on Friday, April 10th. Wall Street Zen upgraded Darling Ingredients from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Scotiabank boosted their price objective on Darling Ingredients from $61.00 to $70.00 and gave the company a "sector outperform" rating in a research note on Wednesday, April 22nd. BMO Capital Markets boosted their price objective on Darling Ingredients from $45.00 to $57.00 and gave the company an "outperform" rating in a research note on Friday, February 13th. Finally, Jefferies Financial Group reiterated a "buy" rating and set a $75.00 price objective on shares of Darling Ingredients in a research note on Monday. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $68.00.

Darling Ingredients Stock Performance

Shares of NYSE DAR traded up $0.44 during mid-day trading on Monday, reaching $64.21. 1,430,156 shares of the company's stock were exchanged, compared to its average volume of 2,910,839. The firm has a 50-day moving average price of $57.96 and a two-hundred day moving average price of $45.12. The company has a debt-to-equity ratio of 0.15, a current ratio of 4.64 and a quick ratio of 0.99. The firm has a market capitalization of $10.19 billion, a price-to-earnings ratio of 46.51 and a beta of 1.07. Darling Ingredients has a 52 week low of $29.15 and a 52 week high of $64.90.

Darling Ingredients (NYSE:DAR - Get Free Report) last issued its earnings results on Thursday, April 30th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.27. Darling Ingredients had a return on equity of 5.76% and a net margin of 3.54%.The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same period in the previous year, the company posted ($0.16) earnings per share. The business's revenue was up 12.3% on a year-over-year basis. Analysts predict that Darling Ingredients will post 4.32 EPS for the current year.

Insider Activity

In related news, CEO Randall C. Stuewe sold 20,000 shares of the stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $52.12, for a total transaction of $1,042,400.00. Following the completion of the sale, the chief executive officer directly owned 1,117,085 shares in the company, valued at $58,222,470.20. This represents a 1.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Joseph Manzi sold 3,000 shares of the stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $63.89, for a total value of $191,670.00. Following the sale, the chief accounting officer owned 19,969 shares of the company's stock, valued at $1,275,819.41. This represents a 13.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.90% of the company's stock.

Institutional Investors Weigh In On Darling Ingredients

Several institutional investors and hedge funds have recently bought and sold shares of DAR. Norges Bank purchased a new stake in Darling Ingredients in the 4th quarter worth approximately $94,211,000. No Street GP LP purchased a new stake in Darling Ingredients in the 3rd quarter worth approximately $69,458,000. Assenagon Asset Management S.A. lifted its holdings in Darling Ingredients by 72.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 2,091,960 shares of the company's stock worth $129,388,000 after buying an additional 882,185 shares during the period. Rubric Capital Management LP purchased a new stake in Darling Ingredients in the 4th quarter worth approximately $24,510,000. Finally, Amundi lifted its holdings in Darling Ingredients by 177.7% in the 4th quarter. Amundi now owns 864,400 shares of the company's stock worth $31,119,000 after buying an additional 553,081 shares during the period. Hedge funds and other institutional investors own 94.44% of the company's stock.

About Darling Ingredients

Darling Ingredients Inc NYSE: DAR is a global leader in converting edible and inedible bio-nutrient streams into sustainable food, feed ingredients, renewable fuels and specialty products. Founded in 1882 and headquartered in Irving, Texas, the company builds on more than a century of experience in animal rendering and by-product recycling. Over time, Darling has expanded its capabilities beyond traditional rendering to include advanced processing technologies that support a circular economy and reduce waste from food and agricultural industries.

The company's core operations revolve around four primary segments: Feed Ingredients & Services, Food & Nutrition, Fuel Ingredients & Services, and Specialty Ingredients.

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