Trade Report: Today, Brokerages Set Darling Ingredients Inc. (DAR) Price Target at $17.50

Today, Brokerages Set Darling Ingredients Inc. (DAR) Price Target at $17.50

Shares of Darling Ingredients Inc. (NYSE:DAR) have received a consensus recommendation of “Buy” from the nine analysts that are covering the stock. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $17.50.

DAR has been the subject of several research reports. Zacks Investment Research raised Darling Ingredients from a “sell” rating to a “hold” rating in a research report on Monday, August 29th. Roth Capital set a $16.50 target price on Darling Ingredients and gave the company a “buy” rating in a research note on Monday, September 19th. TheStreet lowered Darling Ingredients from a “buy” rating to a “hold” rating in a research note on Thursday, October 6th. BMO Capital Markets restated an “outperform” rating and issued a $18.00 target price on shares of Darling Ingredients in a research note on Friday, September 16th. Finally, Canaccord Genuity set a $18.00 target price on Darling Ingredients and gave the company a “buy” rating in a research note on Thursday, September 15th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp raised its position in Darling Ingredients by 3.0% in the first quarter. State Street Corp now owns 3,465,338 shares of the company’s stock valued at $45,638,000 after buying an additional 99,909 shares in the last quarter. Geode Capital Management LLC raised its position in Darling Ingredients by 11.7% in the first quarter. Geode Capital Management LLC now owns 1,130,041 shares of the company’s stock valued at $14,881,000 after buying an additional 117,984 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new position in Darling Ingredients during the first quarter valued at about $267,000. Royal Bank of Canada raised its position in Darling Ingredients by 11.6% in the first quarter. Royal Bank of Canada now owns 2,952,522 shares of the company’s stock valued at $38,887,000 after buying an additional 307,976 shares in the last quarter. Finally, Squarepoint Ops LLC raised its position in Darling Ingredients by 302.8% in the first quarter. Squarepoint Ops LLC now owns 57,605 shares of the company’s stock valued at $759,000 after buying an additional 43,305 shares in the last quarter. Hedge funds and other institutional investors own 97.06% of the company’s stock.

Shares of Darling Ingredients (NYSE:DAR) opened at 14.59 on Monday. The company has a 50-day moving average of $13.56 and a 200 day moving average of $14.31. Darling Ingredients has a 12-month low of $7.78 and a 12-month high of $15.93. The firm has a market cap of $2.40 billion, a P/E ratio of 16.43 and a beta of 1.86.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings data on Thursday, November 10th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.01. Darling Ingredients had a return on equity of 7.34% and a net margin of 4.40%. The company earned $853.90 million during the quarter, compared to analysts’ expectations of $858.92 million. During the same period in the prior year, the business earned ($0.02) earnings per share. Darling Ingredients’s revenue for the quarter was up .0% compared to the same quarter last year. Equities analysts predict that Darling Ingredients will post $0.56 EPS for the current year.

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