Darling Ingredients Inc. (NYSE:DAR) Receives $53.44 Consensus PT from Analysts

Darling Ingredients Inc. (NYSE:DAR) has been assigned a consensus rating of “Moderate Buy” from the nine research firms that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $53.44.

A number of equities analysts recently weighed in on DAR shares. Jefferies Financial Group lifted their target price on shares of Darling Ingredients from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. upped their price target on shares of Darling Ingredients from $58.00 to $59.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Piper Sandler cut their price target on shares of Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating on the stock in a research report on Friday, October 11th. Finally, TD Cowen cut their price target on shares of Darling Ingredients from $45.00 to $43.00 and set a “hold” rating on the stock in a research report on Friday, September 13th.

Institutional Investors Weigh In On Darling Ingredients

Hedge funds and other institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC increased its stake in Darling Ingredients by 173.9% in the third quarter. GAMMA Investing LLC now owns 830 shares of the company’s stock valued at $31,000 after purchasing an additional 527 shares in the last quarter. Signaturefd LLC lifted its stake in shares of Darling Ingredients by 75.0% in the third quarter. Signaturefd LLC now owns 901 shares of the company’s stock valued at $33,000 after buying an additional 386 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Darling Ingredients by 38.0% in the third quarter. Blue Trust Inc. now owns 1,046 shares of the company’s stock valued at $38,000 after buying an additional 288 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Darling Ingredients in the third quarter valued at $58,000. Finally, Farther Finance Advisors LLC lifted its stake in shares of Darling Ingredients by 69.2% in the third quarter. Farther Finance Advisors LLC now owns 1,854 shares of the company’s stock valued at $69,000 after buying an additional 758 shares in the last quarter. 94.44% of the stock is owned by institutional investors.

Darling Ingredients Price Performance

Shares of DAR opened at $36.54 on Monday. The business has a 50-day moving average of $38.97 and a 200-day moving average of $38.26. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 0.83. The company has a market capitalization of $5.81 billion, a price-to-earnings ratio of 22.56 and a beta of 1.19. Darling Ingredients has a 1 year low of $32.67 and a 1 year high of $51.36.

Darling Ingredients (NYSE:DAR) last released its earnings results on Thursday, October 24th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.29). The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.48 billion. Darling Ingredients had a net margin of 4.42% and a return on equity of 5.98%. The business’s revenue for the quarter was down 12.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.77 EPS. As a group, equities research analysts anticipate that Darling Ingredients will post 1.88 earnings per share for the current year.

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.