#1 - Darling Ingredients (NYSE:DAR)
One of the most investable trends in 2021 was companies that engaged incredible environmental, social, and governance initiatives. You can say that ESG is in the DNA of Darling Ingredients (NYSE:DAR). The company is a “global leader in creating sustainable food, feed & fuel solutions from organic by-products.
This allows the company to compete in the biofuel sector. In fact, the company’s Diamond Green Diesel unit has a partnership with Valero Energy (NYSE:VLO) to create renewable diesel fuel from recycled animal fats. The company’s year-to-date revenue is up 35% from the prior year. And the earnings story is even better with EPS up 95% on a year-over-year basis.
Those results haven’t been enough to stem the drop in DAR stock which is down 8% since the beginning of the year and is trading near its 52-week low.
The stock chart for DAR stock is beginning to tip into the oversold category based on the relative strength indicator. And analysts have a price target of $94.75 which is a 56% upside from the stock’s closing price on January 27, 2022.
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.
Read More - Current Price
- $41.50
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 7 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $53.44 (28.8% Upside)
