Darling Ingredients (NYSE:DAR) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Darling Ingredients (NYSE:DAR) had its price target increased by JPMorgan Chase & Co. from $58.00 to $59.00 in a research report report published on Wednesday morning, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Other equities analysts also recently issued reports about the company. TD Cowen decreased their price target on Darling Ingredients from $45.00 to $43.00 and set a “hold” rating for the company in a research note on Friday, September 13th. Jefferies Financial Group lifted their price target on Darling Ingredients from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Piper Sandler decreased their price target on Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Friday, October 11th. Finally, Scotiabank decreased their price target on Darling Ingredients from $57.00 to $45.00 and set a “sector outperform” rating for the company in a research note on Friday, July 12th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $55.60.

Darling Ingredients Stock Up 0.7 %

Shares of Darling Ingredients stock opened at $39.40 on Wednesday. The business has a 50-day moving average of $37.59 and a 200-day moving average of $38.78. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.57 and a quick ratio of 0.91. The company has a market capitalization of $6.27 billion, a PE ratio of 24.32 and a beta of 1.24. Darling Ingredients has a 1-year low of $32.67 and a 1-year high of $51.36.

Darling Ingredients (NYSE:DAR) last announced its earnings results on Thursday, October 24th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.29). The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.48 billion. Darling Ingredients had a net margin of 4.42% and a return on equity of 5.98%. The firm’s revenue was down 12.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.77 earnings per share. As a group, equities analysts forecast that Darling Ingredients will post 1.89 EPS for the current fiscal year.

Hedge Funds Weigh In On Darling Ingredients

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Atria Investments Inc raised its holdings in shares of Darling Ingredients by 12.8% during the third quarter. Atria Investments Inc now owns 22,345 shares of the company’s stock valued at $830,000 after buying an additional 2,536 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in shares of Darling Ingredients by 16.3% during the third quarter. Robeco Institutional Asset Management B.V. now owns 44,480 shares of the company’s stock valued at $1,653,000 after buying an additional 6,220 shares during the last quarter. Private Management Group Inc. raised its holdings in shares of Darling Ingredients by 1.2% during the third quarter. Private Management Group Inc. now owns 812,433 shares of the company’s stock valued at $30,190,000 after buying an additional 9,982 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Darling Ingredients by 69.2% during the third quarter. Farther Finance Advisors LLC now owns 1,854 shares of the company’s stock valued at $69,000 after buying an additional 758 shares during the last quarter. Finally, US Bancorp DE raised its holdings in shares of Darling Ingredients by 34.9% during the third quarter. US Bancorp DE now owns 98,888 shares of the company’s stock valued at $3,675,000 after buying an additional 25,607 shares during the last quarter. 94.44% of the stock is currently 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.