Ingredion Incorporated (NYSE:INGR - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the six analysts that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $155.17.
Several research analysts have recently commented on the company. UBS Group boosted their target price on Ingredion from $165.00 to $173.00 and gave the stock a "buy" rating in a report on Friday, November 15th. BMO Capital Markets upped their price objective on Ingredion from $128.00 to $147.00 and gave the stock a "market perform" rating in a report on Wednesday, November 6th. StockNews.com downgraded Ingredion from a "strong-buy" rating to a "buy" rating in a report on Wednesday, August 7th. Oppenheimer upped their price objective on Ingredion from $147.00 to $178.00 and gave the stock an "outperform" rating in a report on Wednesday, November 6th. Finally, Barclays upped their price objective on Ingredion from $145.00 to $168.00 and gave the stock an "overweight" rating in a report on Wednesday, November 6th.
Read Our Latest Report on INGR
Insider Buying and Selling at Ingredion
In other Ingredion news, SVP Larry Fernandes sold 4,700 shares of the company's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $153.41, for a total transaction of $721,027.00. Following the completion of the sale, the senior vice president now owns 29,034 shares in the company, valued at approximately $4,454,105.94. The trade was a 13.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO James P. Zallie sold 22,550 shares of the company's stock in a transaction on Friday, August 30th. The shares were sold at an average price of $134.14, for a total transaction of $3,024,857.00. Following the sale, the chief executive officer now owns 52,530 shares of the company's stock, valued at $7,046,374.20. The trade was a 30.03 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 33,878 shares of company stock worth $4,674,598. Insiders own 1.80% of the company's stock.
Institutional Trading of Ingredion
Large investors have recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Ingredion in the 2nd quarter valued at $26,000. EverSource Wealth Advisors LLC increased its position in shares of Ingredion by 102.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 233 shares of the company's stock valued at $27,000 after buying an additional 118 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Ingredion in the 2nd quarter valued at $33,000. Family Firm Inc. bought a new stake in shares of Ingredion in the 2nd quarter valued at $36,000. Finally, International Assets Investment Management LLC bought a new stake in shares of Ingredion in the 2nd quarter valued at $36,000. Institutional investors own 85.27% of the company's stock.
Ingredion Price Performance
Shares of INGR traded down $1.77 on Thursday, hitting $147.03. The company's stock had a trading volume of 461,567 shares, compared to its average volume of 387,845. The company has a market capitalization of $9.58 billion, a PE ratio of 14.34, a PEG ratio of 1.27 and a beta of 0.73. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.67 and a quick ratio of 1.69. Ingredion has a fifty-two week low of $100.90 and a fifty-two week high of $155.44. The company has a 50 day moving average price of $139.33 and a 200 day moving average price of $128.31.
Ingredion (NYSE:INGR - Get Free Report) last announced its earnings results on Tuesday, November 5th. The company reported $3.05 EPS for the quarter, topping the consensus estimate of $2.58 by $0.47. The business had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.94 billion. Ingredion had a return on equity of 17.75% and a net margin of 9.05%. Ingredion's revenue was down 8.0% compared to the same quarter last year. During the same period in the previous year, the business earned $2.33 EPS. On average, research analysts anticipate that Ingredion will post 10.6 earnings per share for the current fiscal year.
Ingredion Company Profile
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Get Free ReportIngredion Incorporated, together with its subsidiaries, manufactures and sells sweeteners, starches, nutrition ingredients, and biomaterial solutions derived from wet milling and processing corn, and other starch-based materials to a range of industries in North America, South America, the Asia Pacific, Europe, the Middle East, and Africa.
See Also
![Analyst Recommendations for Ingredion (NYSE:INGR)](https://www.marketbeat.com/scripts/RatingsChart.ashx?Prefix=NYSE&Symbol=INGR)
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