Ingredion (NYSE:INGR) Downgraded to Hold Rating by Wall Street Zen

Ingredion (NYSE:INGR) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

Several other equities research analysts have also commented on INGR. BMO Capital Markets decreased their target price on shares of Ingredion from $143.00 to $123.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 5th. Industrial Alliance Securities set a $124.00 price objective on shares of Ingredion in a research note on Thursday, November 6th. Oppenheimer set a $136.00 price objective on shares of Ingredion in a report on Wednesday, October 22nd. UBS Group dropped their target price on shares of Ingredion from $130.00 to $119.00 and set a “neutral” rating for the company in a report on Wednesday, November 5th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Ingredion in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Ingredion currently has an average rating of “Hold” and a consensus price target of $124.33.

Ingredion Stock Performance

NYSE INGR opened at $118.20 on Friday. The stock has a market capitalization of $7.51 billion, a price-to-earnings ratio of 11.78, a PEG ratio of 0.94 and a beta of 0.72. The business’s 50 day moving average is $111.68 and its two-hundred day moving average is $118.77. Ingredion has a 12-month low of $102.31 and a 12-month high of $141.78. The company has a current ratio of 2.75, a quick ratio of 1.79 and a debt-to-equity ratio of 0.41.

Ingredion (NYSE:INGR) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $2.75 EPS for the quarter, beating the consensus estimate of $2.73 by $0.02. Ingredion had a return on equity of 18.14% and a net margin of 9.07%.The business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.90 billion. Ingredion has set its FY 2025 guidance at 11.100-11.300 EPS. Research analysts expect that Ingredion will post 11.14 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. State of New Jersey Common Pension Fund D lifted its stake in Ingredion by 8.1% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 20,082 shares of the company’s stock valued at $2,214,000 after buying an additional 1,510 shares in the last quarter. Chapin Davis Inc. raised its holdings in shares of Ingredion by 28.8% in the fourth quarter. Chapin Davis Inc. now owns 4,645 shares of the company’s stock worth $512,000 after acquiring an additional 1,040 shares during the last quarter. Vest Financial LLC raised its holdings in shares of Ingredion by 332.0% in the fourth quarter. Vest Financial LLC now owns 166,774 shares of the company’s stock worth $18,389,000 after acquiring an additional 128,172 shares during the last quarter. Certuity LLC purchased a new stake in shares of Ingredion in the fourth quarter valued at $439,000. Finally, Rogco LP boosted its stake in shares of Ingredion by 1.8% during the fourth quarter. Rogco LP now owns 5,651 shares of the company’s stock valued at $623,000 after acquiring an additional 100 shares during the last quarter. 85.27% of the stock is currently owned by institutional investors and hedge funds.

Ingredion Company Profile

Ingredion Incorporated is a global ingredient solutions company specializing in the production and sale of starches, sweeteners, nutrition ingredients and biomaterials derived primarily from corn and other plant-based raw materials. The company serves a diverse set of industries, including food and beverage, brewing, pharmaceuticals and personal care, providing functional ingredients that enhance texture, stability, flavor and nutritional value in a wide array of end products.

The company’s product portfolio comprises native and modified starches, high-fructose corn syrup, dextrose, maltodextrins, specialty sweeteners and various texturizers.