Somewhat Positive News Coverage Somewhat Unlikely to Affect Ingredion (NYSE:INGR) Stock Price
Media coverage about Ingredion (NYSE:INGR) has been trending somewhat positive this week, according to Accern. Accern identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ingredion earned a news sentiment score of 0.20 on Accern’s scale. Accern also gave news stories about the company an impact score of 46.6169476656681 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the media headlines that may have effected Accern’s rankings:
- Global Juice Concentrate Market, Industry Analysis, Trends & Forecast 2017 – 2025 (sbwire.com)
- New report shares details about the modified starch market to reach USD 14,245 million by 2022 (whatech.com)
- Beverages and Instant Drinks to Remain the Largest Application of Encapsulated Flavours (markets.businessinsider.com)
- Research report explores the Middle East and Africa dietary fibers market (whatech.com)
- Ingredion Incorporated (NYSE:INGR) Stock Rating Upgraded by Zacks Investment Research (americanbankingnews.com)
A number of brokerages have commented on INGR. BidaskClub downgraded Ingredion from a “sell” rating to a “strong sell” rating in a research report on Wednesday. Zacks Investment Research upgraded Ingredion from a “hold” rating to a “buy” rating and set a $137.00 price objective for the company in a research report on Friday, August 4th. BMO Capital Markets reiterated a “hold” rating and issued a $125.00 price objective on shares of Ingredion in a research report on Tuesday, June 27th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $145.00 price objective on shares of Ingredion in a research report on Wednesday, June 14th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $140.50.
Ingredion (NYSE INGR) traded up 0.37% during midday trading on Friday, reaching $122.72. The company had a trading volume of 281,712 shares. The stock has a market cap of $8.80 billion, a P/E ratio of 18.46 and a beta of 0.60. The firm has a 50-day moving average of $120.23 and a 200-day moving average of $120.03. Ingredion has a 12 month low of $113.07 and a 12 month high of $140.00.
Ingredion (NYSE:INGR) last announced its quarterly earnings results on Tuesday, August 1st. The company reported $1.89 EPS for the quarter, beating the Zacks’ consensus estimate of $1.86 by $0.03. Ingredion had a return on equity of 20.84% and a net margin of 8.35%. The company had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the prior year, the company earned $1.53 EPS. Ingredion’s revenue was up .1% compared to the same quarter last year. On average, equities analysts expect that Ingredion will post $7.64 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, July 25th. Stockholders of record on Friday, June 30th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend was Wednesday, June 28th. Ingredion’s payout ratio is 30.08%.
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Ingredion Company Profile
Ingredion Incorporated is an ingredients solutions provider. The Company manufactures and sells sweetener, starches, nutrition ingredients and biomaterial solutions derived from the wet milling and processing of corn and other starch-based materials to a range of industries, both domestically and internationally.
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