Darling Ingredients Inc. (NYSE:DAR) Receives $53.22 Consensus Price Target from Analysts

Darling Ingredients Inc. (NYSE:DAR - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the nine ratings firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $53.22.

DAR has been the subject of several research reports. JPMorgan Chase & Co. lifted their target price on Darling Ingredients from $58.00 to $59.00 and gave the company an "overweight" rating in a research report on Wednesday, October 30th. Jefferies Financial Group upped 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. Stephens reissued an "overweight" rating and issued a $52.00 price target on shares of Darling Ingredients in a research report on Thursday, January 23rd. Finally, Citigroup cut their price objective on Darling Ingredients from $46.00 to $44.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th.

Institutional Investors Weigh In On Darling Ingredients

Institutional investors have recently modified their holdings of the company. Natixis Advisors LLC raised its stake in Darling Ingredients by 23.2% in the third quarter. Natixis Advisors LLC now owns 107,913 shares of the company's stock valued at $4,010,000 after buying an additional 20,323 shares in the last quarter. Algert Global LLC raised its position in shares of Darling Ingredients by 266.6% during the 3rd quarter. Algert Global LLC now owns 103,871 shares of the company's stock worth $3,860,000 after acquiring an additional 75,540 shares in the last quarter. Erste Asset Management GmbH purchased a new stake in Darling Ingredients during the third quarter worth approximately $30,545,000. Sycomore Asset Management boosted its holdings in Darling Ingredients by 101.2% in the fourth quarter. Sycomore Asset Management now owns 130,096 shares of the company's stock valued at $4,743,000 after purchasing an additional 65,444 shares in the last quarter. Finally, KBC Group NV increased its stake in Darling Ingredients by 180.1% in the fourth quarter. KBC Group NV now owns 104,143 shares of the company's stock valued at $3,509,000 after purchasing an additional 66,966 shares during the last quarter. 94.44% of the stock is owned by hedge funds and other institutional investors.

Darling Ingredients Trading Up 1.1 %

Shares of NYSE:DAR traded up $0.43 during mid-day trading on Friday, reaching $41.35. 445,482 shares of the company were exchanged, compared to its average volume of 2,066,652. Darling Ingredients has a 1 year low of $32.55 and a 1 year high of $48.39. 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 firm's 50-day simple moving average is $35.93 and its 200 day simple moving average is $37.54. The firm has a market cap of $6.58 billion, a price-to-earnings ratio of 23.94 and a beta of 1.21.

Darling Ingredients (NYSE:DAR - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.48 by $0.15. Darling Ingredients had a return on equity of 6.04% and a net margin of 4.88%. Equities research analysts forecast that Darling Ingredients will post 2.79 EPS for the current year.

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.