JPMorgan Chase & Co. Issues Positive Forecast for Darling Ingredients (NYSE:DAR) Stock Price

Darling Ingredients (NYSE:DAR) had its target price raised by JPMorgan Chase & Co. from $44.00 to $46.00 in a report released on Wednesday morning,Benzinga reports. They currently have an overweight rating on the stock.

Other equities analysts have also recently issued reports about the stock. TD Cowen upgraded shares of Darling Ingredients from a “hold” rating to a “buy” rating in a research report on Tuesday, December 2nd. Zacks Research downgraded shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. Bank of America assumed coverage on Darling Ingredients in a report on Wednesday, October 8th. They issued a “buy” rating and a $45.00 target price on the stock. UBS Group set a $50.00 price target on Darling Ingredients in a report on Monday, November 3rd. Finally, Piper Sandler dropped their price objective on Darling Ingredients from $50.00 to $49.00 and set an “overweight” rating for the company in a research report on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $46.33.

Darling Ingredients Stock Performance

DAR opened at $41.59 on Wednesday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.87 and a current ratio of 1.49. Darling Ingredients has a 52-week low of $26.00 and a 52-week high of $42.15. The firm has a market cap of $6.58 billion, a P/E ratio of 62.07, a price-to-earnings-growth ratio of 0.49 and a beta of 1.25. The business’s fifty day moving average is $36.47 and its 200-day moving average is $34.11.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings data on Thursday, October 23rd. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.01). The firm had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.50 billion. Darling Ingredients had a return on equity of 2.39% and a net margin of 1.84%.The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.11 EPS. Sell-side analysts expect that Darling Ingredients will post 2.81 EPS for the current fiscal year.

Institutional Investors Weigh In On Darling Ingredients

A number of hedge funds and other institutional investors have recently bought and sold shares of DAR. No Street GP LP bought a new position in Darling Ingredients in the third quarter valued at about $69,458,000. Norges Bank bought a new stake in shares of Darling Ingredients during the second quarter worth about $74,041,000. Marshall Wace LLP increased its stake in shares of Darling Ingredients by 973.3% in the second quarter. Marshall Wace LLP now owns 1,502,084 shares of the company’s stock valued at $56,989,000 after buying an additional 1,362,137 shares during the period. Frontier Capital Management Co. LLC increased its stake in shares of Darling Ingredients by 66.0% in the second quarter. Frontier Capital Management Co. LLC now owns 3,323,470 shares of the company’s stock valued at $126,092,000 after buying an additional 1,320,817 shares during the period. Finally, Harspring Capital Management LLC bought a new position in Darling Ingredients in the 2nd quarter valued at approximately $31,680,000. 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.