Darling Ingredients Inc (DAR) is Upgraded by Goldman to Buy

Darling Ingredients Inc (DAR) was Upgraded by Goldman to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. Goldman advised their investors in a research report released on Jun 29, 2016.

Many Wall Street Analysts have commented on Darling Ingredients Inc. Company shares were Upgraded by JP Morgan on May 26, 2016 to ” Overweight”, Firm has raised the Price Target to $ 18 from a previous price target of $14 .

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 closed down -0.55 points or -3.90% at $13.55 with 25,50,285 shares getting traded on Monday. Post opening the session at $13.92, the shares hit an intraday low of $13.4 and an intraday high of $14.01 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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