Darling Ingredients Inc (DAR) is Upgraded by JP Morgan to Overweight, Raises Price Target to $ 18

Darling Ingredients Inc (DAR) was Upgraded by JP Morgan to ” Overweight” according to the research note released today. The brokerage firm has raised the Price Target to $ 18 from a previous price target of $14 . Earlier the firm had a rating of “Neutral ” on the company shares. JP Morgan advised their investors in a research report released on May 26, 2016.

On the company’s financial health, Darling Ingredients Inc reported $0.01 EPS for the quarter, missing the analyst consensus estimate by $ -0.10 based on the information available during the earnings call on May 12, 2016. Analyst had a consensus of $0.11. The company had revenue of $779.64 million for the quarter, compared to analysts expectations of $809.79 million. The company’s revenue was down -10.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.09 EPS.

Darling Ingredients Inc (DAR) witnessed a volatile trading activity on Wednesday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $14.91 and reached the intraday high at $15.05. The bulls started the profit booking and pushed the shares to intraday low of $14.85. The trading session was marked by a volume range of 20,49,529 shares exchanging hands. The 52-week high of the shares is $16.22 and the 52-week low is $7.78. The market cap of the company stands at $2,457 M and there are 16,45,67,470 shares in public circulation.

In a different news, on Nov 24, 2015, Justinus Sanders (director) purchased 10,000 shares at $9.47 per share price.

Darling Ingredients Inc. formerly Darling International Inc. is a developer and producer of sustainable natural ingredients from edible and inedible bio-nutrients. The Company offers a range of ingredients and specialty solutions for customers in the food pet food pharmaceutical feed fuel bioenergy and fertilizer industries. The Company operates in three segments: Feed Ingredients which includes the edible and inedible animal by-products bakery and hides business lines; Food Ingredients which includes the gelatin casings and edible fats business lines and Fuel Ingredients which includes the biofuel and bioenergy business lines. It recycles animal by-product streams into useable and specialty ingredients such as gelatin tallow feed-grade fats meat and bone meal poultry meal yellow grease fuel feed stocks green energy natural casings and hides. The Company also recovers and converts used cooking oil and commercial bakery residuals into feed and fuel ingredients.

Darling Ingredients Inc

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