Citigroup Upgrades Darling Ingredients (NYSE:DAR) to Buy

Citigroup upgraded shares of Darling Ingredients (NYSE:DARFree Report) from a neutral rating to a buy rating in a report released on Wednesday morning, MarketBeat.com reports. They currently have $48.00 target price on the stock.

A number of other analysts have also recently issued reports on the company. JPMorgan Chase & Co. lowered their target price on Darling Ingredients from $66.00 to $62.00 and set an overweight rating for the company in a research note on Wednesday, April 17th. Scotiabank dropped their price objective on shares of Darling Ingredients from $73.00 to $57.00 and set a sector outperform rating on the stock in a report on Thursday, April 11th. Stifel Nicolaus reduced their target price on shares of Darling Ingredients from $90.00 to $85.00 and set a buy rating for the company in a research note on Monday, May 20th. Finally, BMO Capital Markets dropped their price target on Darling Ingredients from $60.00 to $57.00 and set an outperform rating on the stock in a research note on Thursday, February 29th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of $68.45.

Check Out Our Latest Analysis on DAR

Darling Ingredients Trading Down 3.1 %

Shares of NYSE DAR opened at $35.53 on Wednesday. Darling Ingredients has a twelve month low of $34.83 and a twelve month high of $71.60. The stock has a market cap of $5.68 billion, a price-to-earnings ratio of 10.64 and a beta of 1.26. The company has a quick ratio of 0.96, a current ratio of 1.67 and a debt-to-equity ratio of 0.93. The company’s fifty day moving average is $42.18 and its 200-day moving average is $44.05.

Darling Ingredients (NYSE:DARGet Free Report) last issued its quarterly earnings data on Thursday, April 25th. The company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.01). Darling Ingredients had a return on equity of 12.22% and a net margin of 8.46%. The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period in the previous year, the business posted $1.16 EPS. The business’s quarterly revenue was down 20.7% compared to the same quarter last year. Equities research analysts predict that Darling Ingredients will post 2.88 EPS for the current year.

Institutional Trading of Darling Ingredients

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Illinois Municipal Retirement Fund grew its stake in Darling Ingredients by 111.6% in the fourth quarter. Illinois Municipal Retirement Fund now owns 30,212 shares of the company’s stock valued at $1,506,000 after purchasing an additional 15,933 shares in the last quarter. NFC Investments LLC bought a new position in shares of Darling Ingredients in the fourth quarter valued at $22,473,000. Jennison Associates LLC increased its holdings in Darling Ingredients by 28.9% during the fourth quarter. Jennison Associates LLC now owns 1,008,227 shares of the company’s stock worth $50,250,000 after buying an additional 226,134 shares during the last quarter. Gates Capital Management Inc. bought a new stake in Darling Ingredients during the fourth quarter worth $88,885,000. Finally, Bank of Nova Scotia acquired a new stake in Darling Ingredients in the fourth quarter valued at $8,109,000. Institutional investors and hedge funds own 94.44% of the company’s stock.

Darling Ingredients Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Darling Ingredients (NYSE:DAR)

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