Citigroup Issues Pessimistic Forecast for Darling Ingredients (NYSE:DAR) Stock Price

Darling Ingredients (NYSE:DAR) had its price objective lowered by Citigroup from $46.00 to $44.00 in a report published on Wednesday,Benzinga reports. Citigroup currently has a buy rating on the stock.

Several other analysts also recently commented on DAR. Stephens reaffirmed an “overweight” rating and set a $52.00 price objective on shares of Darling Ingredients in a research note on Thursday, January 23rd. Jefferies Financial Group lifted their price objective on Darling Ingredients from $44.00 to $46.00 and gave the company a “buy” rating in a report on Friday, October 25th. Piper Sandler decreased their price objective on Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Friday, October 11th. Finally, JPMorgan Chase & Co. raised their target price on shares of Darling Ingredients from $58.00 to $59.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Darling Ingredients has a consensus rating of “Moderate Buy” and a consensus price target of $53.22.

Darling Ingredients Stock Up 2.3 %

Shares of NYSE:DAR opened at $37.51 on Wednesday. The company has a 50 day moving average price of $35.82 and a two-hundred day moving average price of $37.48. The company has a market capitalization of $5.97 billion, a PE ratio of 23.15 and a beta of 1.21. Darling Ingredients has a 52 week low of $32.55 and a 52 week high of $48.39. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.41.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Heck Capital Advisors LLC acquired a new position in shares of Darling Ingredients during the 4th quarter worth about $25,000. GAMMA Investing LLC grew its stake in 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 in the last quarter. Signaturefd LLC increased its position in shares of Darling Ingredients by 75.0% during the 3rd quarter. Signaturefd LLC now owns 901 shares of the company’s stock worth $33,000 after purchasing an additional 386 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Darling Ingredients by 38.0% during the 3rd quarter. Blue Trust Inc. now owns 1,046 shares of the company’s stock worth $38,000 after purchasing an additional 288 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB boosted its holdings in shares of Darling Ingredients by 157.1% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,180 shares of the company’s stock valued at $40,000 after buying an additional 721 shares during the last quarter. Institutional investors own 94.44% of the company’s stock.

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.