Darling Ingredients (NYSE:DAR) Price Target Cut to $44.00 by Analysts at Citigroup

Darling Ingredients (NYSE:DAR) had its target price dropped by stock analysts at Citigroup from $46.00 to $44.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup’s target price suggests a potential upside of 19.94% from the company’s previous close.

A number of other equities research analysts also recently issued reports on the stock. Jefferies Financial Group increased their price target on shares of Darling Ingredients from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Stephens restated an “overweight” rating and set a $52.00 price target on shares of Darling Ingredients in a research report on Thursday, January 23rd. JPMorgan Chase & Co. increased their price objective on Darling Ingredients from $58.00 to $59.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Finally, Piper Sandler reduced their target price on Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Friday, October 11th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Darling Ingredients currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.22.

Darling Ingredients Stock Performance

NYSE:DAR opened at $36.69 on Wednesday. The business’s fifty day moving average is $35.88 and its 200 day moving average is $37.48. The firm has a market cap of $5.83 billion, a price-to-earnings ratio of 22.65 and a beta of 1.21. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.41. Darling Ingredients has a 52-week low of $32.55 and a 52-week high of $48.39.

Institutional Investors Weigh In On Darling Ingredients

Institutional investors and hedge funds have recently modified their holdings of the stock. Blue Trust Inc. raised its stake in Darling Ingredients by 38.0% in the third 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. Nisa Investment Advisors LLC grew its holdings in shares of Darling Ingredients by 2.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 12,015 shares of the company’s stock worth $446,000 after acquiring an additional 310 shares during the period. Signaturefd LLC raised its position in shares of Darling Ingredients by 75.0% in the 3rd quarter. Signaturefd LLC now owns 901 shares of the company’s stock worth $33,000 after acquiring an additional 386 shares in the last quarter. Glenmede Trust Co. NA lifted its stake in shares of Darling Ingredients by 5.7% in the 3rd quarter. Glenmede Trust Co. NA now owns 7,609 shares of the company’s stock valued at $283,000 after purchasing an additional 412 shares during the period. Finally, Corbyn Investment Management Inc. MD boosted its position in shares of Darling Ingredients by 1.6% during the third quarter. Corbyn Investment Management Inc. MD now owns 29,676 shares of the company’s stock valued at $1,103,000 after purchasing an additional 455 shares in the last quarter. 94.44% of the stock is owned by hedge funds and other institutional investors.

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.