TD Cowen Issues Positive Forecast for Darling Ingredients (NYSE:DAR) Stock Price

Darling Ingredients (NYSE:DAR) had its price target hoisted by TD Cowen from $45.00 to $58.00 in a research report sent to investors on Friday morning, MarketBeat reports. The firm currently has a buy rating on the stock.

A number of other research analysts also recently commented on DAR. Zacks Research downgraded shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $66.00 price target on shares of Darling Ingredients in a research note on Friday. Piper Sandler increased their price objective on Darling Ingredients from $49.00 to $65.00 and gave the stock an “overweight” rating in a report on Friday. JPMorgan Chase & Co. boosted their target price on Darling Ingredients from $44.00 to $46.00 and gave the company an “overweight” rating in a research note on Wednesday, January 21st. Finally, UBS Group set a $50.00 price target on Darling Ingredients in a research note on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $55.00.

Darling Ingredients Stock Up 1.3%

NYSE:DAR opened at $50.96 on Friday. The firm has a market capitalization of $8.06 billion, a price-to-earnings ratio of 130.67, a PEG ratio of 0.59 and a beta of 1.27. Darling Ingredients has a 1-year low of $26.00 and a 1-year high of $52.88. The company has a current ratio of 3.86, a quick ratio of 0.87 and a debt-to-equity ratio of 0.16. The business’s fifty day moving average price is $40.33 and its 200 day moving average price is $35.34.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data on Thursday, January 29th. The company reported $0.35 EPS for the quarter. Darling Ingredients had a return on equity of 2.44% and a net margin of 1.02%.The firm had revenue of $1.71 billion during the quarter. On average, sell-side analysts forecast that Darling Ingredients will post 2.81 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Darling Ingredients

Institutional investors have recently bought and sold shares of the stock. Hantz Financial Services Inc. increased its holdings in shares of Darling Ingredients by 609.8% during the 2nd quarter. Hantz Financial Services Inc. now owns 653 shares of the company’s stock valued at $25,000 after acquiring an additional 561 shares during the last quarter. Danske Bank A S acquired a new stake in Darling Ingredients in the 3rd quarter worth approximately $25,000. Allworth Financial LP boosted its position in Darling Ingredients by 227.2% during the fourth quarter. Allworth Financial LP now owns 733 shares of the company’s stock worth $26,000 after purchasing an additional 509 shares during the period. Sound Income Strategies LLC acquired a new position in Darling Ingredients during the third quarter valued at approximately $29,000. Finally, Litman Gregory Wealth Management LLC bought a new position in shares of Darling Ingredients in the fourth quarter valued at approximately $29,000. 94.44% of the stock is currently owned by institutional investors.

Darling Ingredients Company Profile

Darling Ingredients Inc (NYSE: DAR) is a global leader in converting edible and inedible bio-nutrient streams into sustainable food, feed ingredients, renewable fuels and specialty products. Founded in 1882 and headquartered in Irving, Texas, the company builds on more than a century of experience in animal rendering and by-product recycling. Over time, Darling has expanded its capabilities beyond traditional rendering to include advanced processing technologies that support a circular economy and reduce waste from food and agricultural industries.

The company’s core operations revolve around four primary segments: Feed Ingredients & Services, Food & Nutrition, Fuel Ingredients & Services, and Specialty Ingredients.