Darling Ingredients’ (DAR) “Equal Weight” Rating Reaffirmed at Stephens

Stephens restated their equal weight rating on shares of Darling Ingredients (NYSE:DARGet Rating) in a research note released on Tuesday, Marketbeat Ratings reports. Stephens currently has a $75.00 target price on the stock, down from their prior target price of $90.00.

A number of other equities research analysts have also issued reports on the company. StockNews.com started coverage on Darling Ingredients in a research report on Wednesday, October 12th. They issued a hold rating for the company. Piper Sandler decreased their price target on Darling Ingredients from $101.00 to $99.00 and set an overweight rating on the stock in a research note on Monday, December 19th. Jefferies Financial Group assumed coverage on Darling Ingredients in a research note on Wednesday, October 19th. They issued a buy rating and a $102.00 price objective on the stock. Cowen reduced their price objective on Darling Ingredients from $79.00 to $73.00 in a research note on Tuesday, January 10th. Finally, UBS Group initiated coverage on Darling Ingredients in a report on Tuesday, December 13th. They issued a buy rating and a $91.00 target price on the stock. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of $95.09.

Darling Ingredients Trading Down 0.7 %

Shares of NYSE:DAR opened at $66.70 on Tuesday. Darling Ingredients has a 12-month low of $55.71 and a 12-month high of $87.59. The business’s fifty day simple moving average is $65.87 and its 200-day simple moving average is $69.62. The company has a market capitalization of $10.69 billion, a PE ratio of 14.89 and a beta of 1.25. The company has a current ratio of 1.52, a quick ratio of 0.90 and a debt-to-equity ratio of 0.88.

Darling Ingredients (NYSE:DARGet Rating) last issued its quarterly earnings results on Tuesday, November 8th. The company reported $1.20 EPS for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.22). Darling Ingredients had a return on equity of 21.15% and a net margin of 12.13%. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.68 billion. As a group, equities research analysts predict that Darling Ingredients will post 5.11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Darling Ingredients

A number of institutional investors have recently modified their holdings of the business. Synovus Financial Corp grew its position in Darling Ingredients by 4.3% in the 2nd quarter. Synovus Financial Corp now owns 3,765 shares of the company’s stock worth $218,000 after purchasing an additional 156 shares during the last quarter. Northwestern Mutual Investment Management Company LLC boosted its holdings in shares of Darling Ingredients by 0.6% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 27,035 shares of the company’s stock valued at $1,617,000 after acquiring an additional 160 shares in the last quarter. Assetmark Inc. boosted its holdings in shares of Darling Ingredients by 21.4% in the third quarter. Assetmark Inc. now owns 913 shares of the company’s stock valued at $60,000 after acquiring an additional 161 shares in the last quarter. M&G Investment Management Ltd. lifted its stake in Darling Ingredients by 0.8% during the second quarter. M&G Investment Management Ltd. now owns 22,342 shares of the company’s stock valued at $1,341,000 after purchasing an additional 167 shares during the last quarter. Finally, Banque Cantonale Vaudoise lifted its stake in Darling Ingredients by 1.9% during the third quarter. Banque Cantonale Vaudoise now owns 9,119 shares of the company’s stock valued at $603,000 after purchasing an additional 169 shares during the last quarter. Institutional investors own 90.90% of the company’s stock.

Darling Ingredients Company Profile

(Get Rating)

Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients. 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.

Further Reading

Analyst Recommendations for Darling Ingredients (NYSE:DAR)

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