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

Darling Ingredients (NYSE:DAR) had its target price lowered by equities researchers at TD Cowen from $37.00 to $34.00 in a research note issued to investors on Friday, Marketbeat.com reports. The firm presently has a “hold” rating on the stock. TD Cowen’s price target points to a potential upside of 6.32% from the company’s current price.

DAR has been the topic of a number of other research reports. Stephens reissued an “overweight” rating and issued a $52.00 price target on shares of Darling Ingredients in a report on Thursday, January 23rd. Citigroup reduced their target price on Darling Ingredients from $45.00 to $44.00 and set a “buy” rating for the company in a research note on Tuesday, April 15th. StockNews.com lowered shares of Darling Ingredients from a “hold” rating to a “sell” rating in a research note on Wednesday, April 2nd. Finally, Robert W. Baird reduced their price objective on shares of Darling Ingredients from $51.00 to $41.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 15th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $50.33.

Darling Ingredients Price Performance

Darling Ingredients stock opened at $31.98 on Friday. The company has a market cap of $5.06 billion, a price-to-earnings ratio of 18.49 and a beta of 1.19. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.41. The firm has a 50 day moving average price of $31.72 and a 200 day moving average price of $35.51. Darling Ingredients has a 1 year low of $26.00 and a 1 year high of $47.28.

Darling Ingredients (NYSE:DAR) last issued its earnings results on Thursday, April 24th. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.36). Darling Ingredients had a net margin of 4.88% and a return on equity of 6.04%. The business had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Sell-side analysts predict that Darling Ingredients will post 2.81 earnings per share for the current year.

Institutional Trading of Darling Ingredients

A number of large investors have recently modified their holdings of the company. Heck Capital Advisors LLC acquired a new position in Darling Ingredients during the 4th quarter worth $25,000. Wilmington Savings Fund Society FSB lifted its holdings in Darling Ingredients by 157.1% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,180 shares of the company’s stock worth $40,000 after purchasing an additional 721 shares during the period. UMB Bank n.a. grew its position in Darling Ingredients by 207.1% in the 1st quarter. UMB Bank n.a. now owns 2,036 shares of the company’s stock valued at $64,000 after buying an additional 1,373 shares in the last quarter. GAMMA Investing LLC increased its stake in Darling Ingredients by 101.3% during the 1st quarter. GAMMA Investing LLC now owns 2,063 shares of the company’s stock valued at $64,000 after buying an additional 1,038 shares during the period. Finally, Palouse Capital Management Inc. bought a new stake in shares of Darling Ingredients during the 4th quarter worth about $86,000. Institutional investors and hedge funds own 94.44% of the company’s stock.

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.