Darling Ingredients (NYSE:DAR) PT Lowered to $46.00

Darling Ingredients (NYSE:DARGet Free Report) had its target price cut by analysts at Citigroup from $49.00 to $46.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the stock. Citigroup’s target price would indicate a potential upside of 9.08% from the stock’s current price.

A number of other equities analysts have also recently weighed in on the company. Stifel Nicolaus cut their price target on Darling Ingredients from $123.00 to $120.00 and set a “buy” rating for the company in a report on Monday, January 29th. Raymond James reduced their target price on shares of Darling Ingredients from $80.00 to $75.00 and set a “strong-buy” rating on the stock in a report on Thursday, November 9th. BMO Capital Markets lowered their price target on shares of Darling Ingredients from $60.00 to $57.00 and set an “outperform” rating for the company in a report on Thursday. Finally, Stephens decreased their target price on shares of Darling Ingredients from $55.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $78.30.

View Our Latest Research Report on Darling Ingredients

Darling Ingredients Price Performance

DAR stock traded up $1.48 during midday trading on Thursday, hitting $42.17. 1,096,263 shares of the stock were exchanged, compared to its average volume of 1,968,606. Darling Ingredients has a fifty-two week low of $38.97 and a fifty-two week high of $71.60. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.99 and a current ratio of 1.78. The stock’s 50-day moving average price is $44.82 and its 200-day moving average price is $48.37. The stock has a market cap of $6.73 billion, a price-to-earnings ratio of 10.73 and a beta of 1.30.

Institutional Trading of Darling Ingredients

A number of hedge funds and other institutional investors have recently made changes to their positions in DAR. HighTower Advisors LLC raised its stake in shares of Darling Ingredients by 97.9% in the 1st quarter. HighTower Advisors LLC now owns 14,145 shares of the company’s stock valued at $1,133,000 after purchasing an additional 6,999 shares in the last quarter. Bank of Montreal Can lifted its stake in Darling Ingredients by 20.4% during the first quarter. Bank of Montreal Can now owns 21,054 shares of the company’s stock worth $1,697,000 after purchasing an additional 3,563 shares during the last quarter. Acadian Asset Management LLC acquired a new position in Darling Ingredients in the first quarter worth $141,000. Panagora Asset Management Inc. acquired a new position in shares of Darling Ingredients during the first quarter worth approximately $447,000. Finally, Great West Life Assurance Co. Can increased its position in Darling Ingredients by 8.2% in the 1st quarter. Great West Life Assurance Co. Can now owns 89,124 shares of the company’s stock valued at $7,366,000 after acquiring an additional 6,770 shares during the period. Institutional investors own 89.78% of the company’s stock.

About Darling Ingredients

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Darling Ingredients (NYSE:DAR)

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