Analysts Set Darling Ingredients Inc. (NYSE:DAR) Price Target at $53.44

Shares of Darling Ingredients Inc. (NYSE:DAR) have earned an average recommendation of “Moderate Buy” from the nine brokerages that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $53.44.

DAR has been the subject of several analyst reports. Jefferies Financial Group upped their price objective on Darling Ingredients from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. TD Cowen cut their price objective 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. JPMorgan Chase & Co. increased their target price on shares of Darling Ingredients from $58.00 to $59.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Finally, Piper Sandler dropped their price target on shares of Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Friday, October 11th.

Darling Ingredients Stock Up 1.0 %

DAR stock opened at $35.94 on Monday. The company has a market cap of $5.72 billion, a price-to-earnings ratio of 22.19 and a beta of 1.19. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.41. The business’s 50-day moving average is $38.92 and its two-hundred day moving average is $38.20. Darling Ingredients has a fifty-two week low of $32.67 and a fifty-two week high of $51.36.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.29). Darling Ingredients had a return on equity of 5.98% and a net margin of 4.42%. The business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the previous year, the business posted $0.77 EPS. The business’s quarterly revenue was down 12.5% compared to the same quarter last year. As a group, analysts forecast that Darling Ingredients will post 1.88 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in DAR. GAMMA Investing LLC grew its holdings in shares of Darling Ingredients by 173.9% in the third quarter. GAMMA Investing LLC now owns 830 shares of the company’s stock valued at $31,000 after purchasing an additional 527 shares in the last quarter. Signaturefd LLC lifted its position in Darling Ingredients by 75.0% during the third quarter. Signaturefd LLC now owns 901 shares of the company’s stock valued at $33,000 after purchasing an additional 386 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Darling Ingredients by 38.0% in the 3rd quarter. Blue Trust Inc. now owns 1,046 shares of the company’s stock worth $38,000 after buying an additional 288 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of Darling Ingredients in the 3rd quarter worth about $58,000. Finally, Farther Finance Advisors LLC raised its position in shares of Darling Ingredients by 69.2% during the 3rd 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 in the last quarter. Institutional investors own 94.44% of the company’s stock.

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.