Brokerages Set Ingredion Incorporated (NYSE:INGR) Price Target at $124.33

Shares of Ingredion Incorporated (NYSE:INGR) have earned a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $124.3333.

Several research firms have recently issued reports on INGR. Barclays reaffirmed an “equal weight” rating and issued a $124.00 price objective (down previously from $168.00) on shares of Ingredion in a research note on Thursday, November 6th. Zacks Research lowered shares of Ingredion from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ingredion in a research report on Monday, December 1st. Wall Street Zen lowered Ingredion from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Finally, Oppenheimer set a $136.00 price objective on Ingredion in a research report on Wednesday, October 22nd.

Ingredion Stock Up 2.3%

Shares of NYSE:INGR opened at $108.71 on Monday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.79 and a current ratio of 2.75. Ingredion has a 52-week low of $102.31 and a 52-week high of $146.50. The company has a market capitalization of $6.91 billion, a PE ratio of 10.84, a price-to-earnings-growth ratio of 0.86 and a beta of 0.72. The company has a fifty day moving average of $112.92 and a 200-day moving average of $124.92.

Ingredion (NYSE:INGR) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.73 by $0.02. The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.90 billion. Ingredion had a return on equity of 18.14% and a net margin of 9.07%.Ingredion has set its FY 2025 guidance at 11.100-11.300 EPS. On average, equities analysts predict that Ingredion will post 11.14 EPS for the current fiscal year.

Institutional Investors Weigh In On Ingredion

Institutional investors have recently modified their holdings of the company. WPG Advisers LLC lifted its holdings in Ingredion by 100.8% in the third quarter. WPG Advisers LLC now owns 245 shares of the company’s stock valued at $30,000 after buying an additional 123 shares during the period. Hantz Financial Services Inc. lifted its stake in shares of Ingredion by 810.7% in the 2nd quarter. Hantz Financial Services Inc. now owns 255 shares of the company’s stock valued at $35,000 after purchasing an additional 227 shares during the period. Root Financial Partners LLC acquired a new stake in Ingredion during the third quarter worth approximately $36,000. Ameritas Advisory Services LLC bought a new stake in Ingredion in the second quarter worth approximately $40,000. Finally, SouthState Corp acquired a new position in Ingredion in the first quarter valued at approximately $41,000. 85.27% of the stock is owned by institutional investors.

About Ingredion

Ingredion 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.