Darling Ingredients (NYSE:DAR – Free Report) had its price objective trimmed by Scotiabank from $57.00 to $45.00 in a research report released on Friday morning, Benzinga reports. The firm currently has a sector outperform rating on the stock.
A number of other equities analysts have also recently issued reports on DAR. Citigroup upgraded Darling Ingredients from a neutral rating to a buy rating and set a $48.00 target price on the stock in a report on Wednesday, June 12th. JPMorgan Chase & Co. reduced their price objective on shares of Darling Ingredients from $66.00 to $62.00 and set an overweight rating for the company in a research note on Wednesday, April 17th. TD Cowen dropped their target price on shares of Darling Ingredients from $51.00 to $45.00 and set a hold rating on the stock in a research report on Thursday, June 13th. Finally, Stifel Nicolaus reduced their price target on shares of Darling Ingredients from $90.00 to $85.00 and set a buy rating for the company in a research report on Monday, May 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of $67.36.
Read Our Latest Research Report on DAR
Darling Ingredients Price Performance
Darling Ingredients (NYSE:DAR – Get Free Report) last announced its quarterly earnings data on Thursday, April 25th. The company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.01). The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.48 billion. Darling Ingredients had a return on equity of 12.22% and a net margin of 8.46%. The business’s revenue for the quarter was down 20.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.16 EPS. As a group, sell-side analysts predict that Darling Ingredients will post 2.65 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of DAR. Norges Bank bought a new stake in shares of Darling Ingredients in the 4th quarter valued at approximately $94,650,000. Balyasny Asset Management L.P. bought a new stake in Darling Ingredients in the fourth quarter worth approximately $92,661,000. Gates Capital Management Inc. acquired a new position in shares of Darling Ingredients during the 4th quarter worth $88,885,000. Bank of New York Mellon Corp raised its holdings in shares of Darling Ingredients by 24.9% during the 1st quarter. Bank of New York Mellon Corp now owns 4,279,247 shares of the company’s stock valued at $199,028,000 after purchasing an additional 851,886 shares in the last quarter. Finally, Jennison Associates LLC lifted its stake in shares of Darling Ingredients by 55.0% in the 1st quarter. Jennison Associates LLC now owns 1,562,739 shares of the company’s stock valued at $72,683,000 after purchasing an additional 554,512 shares during the last quarter. Hedge funds and other institutional investors own 94.44% of the company’s stock.
Darling Ingredients Company Profile
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.
Recommended Stories
- Five stocks we like better than Darling Ingredients
- How to Calculate Stock Profit
- Top 3 Defense Stocks That Should Be on Your Radar
- Trading Stocks: RSI and Why it’s Useful
- Why This Banking Stock Might Be Nearing the Bottom of Its Cycle
- How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
- MarketBeat Week in Review – 7/8 – 7/12
Receive News & Ratings for Darling Ingredients Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Darling Ingredients and related companies with MarketBeat.com's FREE daily email newsletter.