Darling Ingredients (NYSE:DAR) : 4 analysts are covering Darling Ingredients (NYSE:DAR) and their average rating on the stock is 1.5, which is read as a Strong Buy. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Darling Ingredients (NYSE:DAR) : Currently there are 5 street experts covering Darling Ingredients (NYSE:DAR) stock. The most bullish and bearish price target for the stock is $18 and $14 respectively for the short term. The average price target of all the analysts comes to $16.5. The estimated standard deviation from the target is $1.5.
For the current week, the company shares have a recommendation consensus of Buy. Also, JP Morgan upgrades its view on Darling Ingredients (NYSE:DAR) according to the research report released by the firm to its investors. The shares have now been rated Overweight by the stock experts at the ratings house. Earlier, the shares had a rating of Neutral. JP Morgan raises the price target from $14 per share to $18 per share on Darling Ingredients . The rating by the firm was issued on May 26, 2016.
Darling Ingredients (NYSE:DAR): stock turned positive on Tuesday. Though the stock opened at $13.69, the bulls momentum made the stock top out at $13.88 level for the day. The stock recorded a low of $13.6 and closed the trading day at $13.74, in the green by 1.40%. The total traded volume for the day was 1,116,818. The stock had closed at $13.55 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Darling Ingredients Inc., Sanders Justinus had purchased shares worth of $94,700 in a transaction dated on November 20, 2015. A total of 10,000 shares were purchased at a price of $9.47 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
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.