Darling Ingredients (NYSE:DAR) Price Target Raised to $58.00

Darling Ingredients (NYSE:DAR) had its price target lifted by TD Cowen from $45.00 to $58.00 in a research report sent to investors on Friday, Marketbeat reports. TD Cowen currently has a buy rating on the stock.

Several other brokerages also recently weighed in on DAR. Jefferies Financial Group reiterated a “buy” rating and issued a $66.00 price objective on shares of Darling Ingredients in a research report on Friday. UBS Group set a $50.00 target price on shares of Darling Ingredients in a research note on Monday, November 3rd. BMO Capital Markets increased their price target on shares of Darling Ingredients from $45.00 to $57.00 and gave the company an “outperform” rating in a research report on Friday. Robert W. Baird set a $62.00 price target on shares of Darling Ingredients and gave the stock an “outperform” rating in a report on Monday, February 2nd. Finally, Zacks Research cut shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Darling Ingredients presently has an average rating of “Moderate Buy” and an average price target of $55.00.

Darling Ingredients Stock Performance

NYSE DAR opened at $50.96 on Friday. The company has a 50-day simple moving average of $40.33 and a two-hundred day simple moving average of $35.38. Darling Ingredients has a 12-month low of $26.00 and a 12-month high of $52.88. The firm has a market cap of $8.06 billion, a price-to-earnings ratio of 130.67, a PEG ratio of 0.58 and a beta of 1.27. The company has a quick ratio of 0.87, a current ratio of 3.86 and a debt-to-equity ratio of 0.16.

Darling Ingredients (NYSE:DAR) last released its earnings results on Thursday, January 29th. The company reported $0.35 earnings per share for the quarter. The company had revenue of $1.71 billion during the quarter. Darling Ingredients had a return on equity of 2.44% and a net margin of 1.02%. On average, equities analysts forecast that Darling Ingredients will post 2.81 EPS for the current year.

Institutional Investors Weigh In On Darling Ingredients

Hedge funds have recently bought and sold shares of the business. Kestra Advisory Services LLC bought a new position in shares of Darling Ingredients during the fourth quarter valued at approximately $82,000. Mudita Advisors LLP increased its position in Darling Ingredients by 97.7% during the 4th quarter. Mudita Advisors LLP now owns 221,000 shares of the company’s stock valued at $7,956,000 after buying an additional 109,200 shares in the last quarter. Ontario Teachers Pension Plan Board purchased a new position in Darling Ingredients during the fourth quarter valued at $837,000. Bridgewater Associates LP bought a new stake in Darling Ingredients in the fourth quarter worth $1,411,000. Finally, Rubric Capital Management LP purchased a new stake in shares of Darling Ingredients in the fourth quarter worth $24,510,000. Institutional investors own 94.44% of the company’s stock.

About Darling Ingredients

Darling Ingredients Inc (NYSE: DAR) is a global leader in converting edible and inedible bio-nutrient streams into sustainable food, feed ingredients, renewable fuels and specialty products. Founded in 1882 and headquartered in Irving, Texas, the company builds on more than a century of experience in animal rendering and by-product recycling. Over time, Darling has expanded its capabilities beyond traditional rendering to include advanced processing technologies that support a circular economy and reduce waste from food and agricultural industries.

The company’s core operations revolve around four primary segments: Feed Ingredients & Services, Food & Nutrition, Fuel Ingredients & Services, and Specialty Ingredients.