Darling Ingredients (NYSE:DAR) Given New $37.00 Price Target at TD Cowen

Darling Ingredients (NYSE:DAR) had its target price cut by stock analysts at TD Cowen from $43.00 to $37.00 in a research report issued on Friday, Marketbeat.com reports. The brokerage presently has a “hold” rating on the stock. TD Cowen’s target price indicates a potential upside of 26.69% from the company’s current price.

DAR has been the subject of a number of other reports. Citigroup lowered their price target on shares of Darling Ingredients from $46.00 to $44.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Stephens reiterated an “overweight” rating and issued a $52.00 price objective on shares of Darling Ingredients in a research report on Thursday, January 23rd. Finally, StockNews.com lowered Darling Ingredients from a “hold” rating to a “sell” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $52.00.

Darling Ingredients Stock Performance

Shares of DAR opened at $29.21 on Friday. Darling Ingredients has a 12-month low of $27.20 and a 12-month high of $48.39. The company has a market cap of $4.62 billion, a PE ratio of 16.88 and a beta of 1.19. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89. The stock has a 50-day moving average price of $34.63 and a 200-day moving average price of $36.32.

Darling Ingredients (NYSE:DAR) last released its earnings results on Thursday, February 6th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.15. Darling Ingredients had a return on equity of 6.04% and a net margin of 4.88%. As a group, equities analysts forecast that Darling Ingredients will post 2.81 earnings per share for the current fiscal year.

Institutional Trading of Darling Ingredients

Hedge funds have recently made changes to their positions in the stock. Heck Capital Advisors LLC bought a new stake in Darling Ingredients in the fourth quarter worth $25,000. Wilmington Savings Fund Society FSB raised its holdings in Darling Ingredients by 157.1% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,180 shares of the company’s stock worth $40,000 after acquiring an additional 721 shares during the last quarter. Palouse Capital Management Inc. bought a new position in Darling Ingredients in the 4th quarter valued at approximately $86,000. First Horizon Advisors Inc. boosted its stake in Darling Ingredients by 30.9% during the 4th quarter. First Horizon Advisors Inc. now owns 3,016 shares of the company’s stock valued at $102,000 after purchasing an additional 712 shares during the last quarter. Finally, Kapitalo Investimentos Ltda bought a new stake in shares of Darling Ingredients in the 4th quarter worth $109,000. 94.44% of the stock is owned by 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.