JPMorgan Chase & Co. Raises Darling Ingredients (NYSE:DAR) Price Target to $59.00

Darling Ingredients (NYSE:DAR) had its price objective raised by JPMorgan Chase & Co. from $58.00 to $59.00 in a research report sent to investors on Wednesday morning, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Other research analysts also recently issued research reports about the company. Jefferies Financial Group increased their price target on Darling Ingredients from $44.00 to $46.00 and gave the company a “buy” rating in a report on Friday, October 25th. TD Cowen reduced their target price on Darling Ingredients from $45.00 to $43.00 and set a “hold” rating for the company in a research note on Friday, September 13th. Scotiabank cut their target price on shares of Darling Ingredients from $57.00 to $45.00 and set a “sector outperform” rating on the stock in a research note on Friday, July 12th. Finally, Piper Sandler decreased their price target on Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Friday, October 11th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $55.60.

Darling Ingredients Stock Up 2.1 %

Shares of NYSE:DAR opened at $39.87 on Wednesday. The company has a market capitalization of $6.37 billion, a price-to-earnings ratio of 11.94 and a beta of 1.24. The company has a 50 day moving average of $37.59 and a two-hundred day moving average of $38.79. Darling Ingredients has a 52-week low of $32.67 and a 52-week high of $51.36. The company has a quick ratio of 0.91, a current ratio of 1.57 and a debt-to-equity ratio of 0.95.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.29). Darling Ingredients had a return on equity of 8.38% and a net margin of 6.04%. The firm had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same period last year, the firm earned $0.77 EPS. The business’s quarterly revenue was down 12.5% on a year-over-year basis. As a group, analysts forecast that Darling Ingredients will post 2.26 earnings per share for the current fiscal year.

Institutional Trading of Darling Ingredients

Large investors have recently modified their holdings of the company. GAMMA Investing LLC increased its stake in shares of 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 during the period. Signaturefd LLC grew 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 worth $33,000 after purchasing an additional 386 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Darling Ingredients by 38.0% during the third quarter. Blue Trust Inc. now owns 1,046 shares of the company’s stock valued at $38,000 after purchasing an additional 288 shares during the period. Farther Finance Advisors LLC lifted its holdings in Darling Ingredients by 69.2% in the third quarter. Farther Finance Advisors LLC now owns 1,854 shares of the company’s stock worth $69,000 after purchasing an additional 758 shares during the period. Finally, Quarry LP increased its stake in Darling Ingredients by 893.8% during the 2nd quarter. Quarry LP now owns 2,584 shares of the company’s stock valued at $95,000 after buying an additional 2,324 shares during the period. Institutional investors and hedge funds own 94.44% of the company’s stock.

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.