TD Cowen Issues Pessimistic Forecast for Darling Ingredients (NYSE:DAR) Stock Price

Darling Ingredients (NYSE:DAR) had its price target reduced by investment analysts at TD Cowen from $43.00 to $37.00 in a report released on Friday, MarketBeat Ratings reports. The firm currently has a “hold” rating on the stock. TD Cowen’s price objective suggests a potential upside of 26.69% from the company’s current price.

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

Darling Ingredients Stock Down 7.2 %

Darling Ingredients stock opened at $29.21 on Friday. 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 company has a market capitalization of $4.62 billion, a P/E ratio of 16.88 and a beta of 1.19. The firm’s fifty day simple moving average is $34.63 and its 200-day simple moving average is $36.32. Darling Ingredients has a 1-year low of $27.20 and a 1-year high of $48.39.

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

Institutional Trading of Darling Ingredients

Several large investors have recently modified their holdings of DAR. Heck Capital Advisors LLC bought a new stake in Darling Ingredients during the 4th quarter valued at $25,000. Wilmington Savings Fund Society FSB raised its stake in shares of Darling Ingredients by 157.1% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,180 shares of the company’s stock valued at $40,000 after buying an additional 721 shares during the period. Palouse Capital Management Inc. purchased a new stake in Darling Ingredients during the fourth quarter valued at about $86,000. First Horizon Advisors Inc. boosted its position in Darling Ingredients by 30.9% during the fourth quarter. First Horizon Advisors Inc. now owns 3,016 shares of the company’s stock worth $102,000 after purchasing an additional 712 shares during the period. Finally, Kapitalo Investimentos Ltda purchased a new position in shares of Darling Ingredients in the fourth quarter worth about $109,000. Institutional investors and hedge funds own 94.44% of the company’s stock.

Darling Ingredients Company Profile

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.