Darling Ingredients (DAR) : Analyst Rating Update

Darling Ingredients (DAR) : Zacks Investment Research ranks Darling Ingredients (DAR) as 3, which is a Hold recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 4 research analysts is 1.5, which indicates as a Strong Buy.

Darling Ingredients (DAR) : The highest short term price target forecast on Darling Ingredients (DAR) is $18 and the lowest target price is $14. A total of 5 equity analysts are currently covering the company. The average price of all the analysts is $16.5 with a standard deviation of $1.5.

Darling Ingredients (NYSE:DAR): The stock opened at $14.76 on Wednesday but the bulls could not build on the opening and the stock topped out at $14.85 for the day. The stock traded down to $14.53 during the day, due to lack of any buying support eventually closed down at $14.75 with a loss of -0.27% for the day. The stock had closed at $14.79 on the previous day. The total traded volume was 1,164,394 shares.

Also, Major Brokerage house, Goldman Sachs upgrades its ratings on Darling Ingredients (NYSE:DAR). In the latest research report, Goldman Sachs raises the target price from $16 per share to $18 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on June 29, 2016. The company shares have rallied 6.94% from its 1 Year high price. On Jun 8, 2016, the shares registered one year high at $15.93 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $14.99 and the 200 Day Moving Average price is recorded at $12.25.

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.

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