Darling Ingredients Inc. (NYSE:DAR) has been given a $19.00 price objective by equities researchers at J P Morgan Chase & Co in a research report issued on Monday. The firm presently has a “buy” rating on the stock. J P Morgan Chase & Co’s price objective would indicate a potential upside of 18.31% from the stock’s current price.

Several other equities analysts have also weighed in on the stock. TheStreet raised shares of Darling Ingredients from a “c+” rating to a “b-” rating in a report on Thursday, April 27th. Canaccord Genuity reaffirmed a “buy” rating and set a $18.00 target price on shares of Darling Ingredients in a report on Monday, May 8th. Zacks Investment Research lowered shares of Darling Ingredients from a “buy” rating to a “hold” rating in a report on Friday, May 12th. BidaskClub raised shares of Darling Ingredients from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 6th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $19.00 target price on shares of Darling Ingredients in a report on Tuesday, May 16th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Darling Ingredients presently has an average rating of “Buy” and a consensus price target of $18.17.

Darling Ingredients (NYSE DAR) traded up 2.37% on Monday, hitting $16.44. 51,305 shares of the stock traded hands. The company has a market capitalization of $2.71 billion, a PE ratio of 32.30 and a beta of 1.61. Darling Ingredients has a 12 month low of $11.51 and a 12 month high of $16.99. The firm has a 50-day moving average price of $16.27 and a 200-day moving average price of $14.91.

Darling Ingredients (NYSE:DAR) last posted its earnings results on Wednesday, August 9th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.10 by $0.05. The firm had revenue of $896.30 million for the quarter, compared to analysts’ expectations of $890.91 million. Darling Ingredients had a net margin of 2.39% and a return on equity of 3.99%. Darling Ingredients’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period last year, the firm earned $0.19 earnings per share. Analysts forecast that Darling Ingredients will post $0.50 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “Darling Ingredients Inc. (DAR) Given a $19.00 Price Target by J P Morgan Chase & Co Analysts” was first published by Daily Political and is the sole property of of Daily Political. If you are viewing this story on another publication, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this story can be viewed at https://www.dailypolitical.com/2017/08/14/darling-ingredients-inc-nysedar-receives-overweight-rating-from-j-p-morgan-chase-co.html.

In related news, CFO Patrick C. Lynch purchased 18,820 shares of the business’s stock in a transaction that occurred on Friday, May 19th. The stock was bought at an average price of $15.93 per share, with a total value of $299,802.60. Following the acquisition, the chief financial officer now owns 128,958 shares in the company, valued at $2,054,300.94. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Patrick C. Lynch purchased 19,710 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The stock was bought at an average cost of $15.20 per share, with a total value of $299,592.00. Following the acquisition, the chief financial officer now owns 110,138 shares in the company, valued at approximately $1,674,097.60. The disclosure for this purchase can be found here. In the last three months, insiders purchased 56,867 shares of company stock valued at $899,938. 1.95% of the stock is owned by insiders.

Large investors have recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of Darling Ingredients by 7,798.7% in the first quarter. BlackRock Inc. now owns 20,437,790 shares of the company’s stock valued at $296,758,000 after buying an additional 20,179,041 shares during the last quarter. FMR LLC raised its stake in shares of Darling Ingredients by 36.4% in the second quarter. FMR LLC now owns 11,212,815 shares of the company’s stock valued at $176,490,000 after buying an additional 2,990,750 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Darling Ingredients by 8.9% in the second quarter. Dimensional Fund Advisors LP now owns 13,906,079 shares of the company’s stock valued at $218,881,000 after buying an additional 1,135,841 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Darling Ingredients during the first quarter valued at approximately $14,819,000. Finally, Vanguard Group Inc. raised its stake in shares of Darling Ingredients by 6.3% in the first quarter. Vanguard Group Inc. now owns 15,418,060 shares of the company’s stock valued at $223,870,000 after buying an additional 910,712 shares during the last quarter. 94.46% of the stock is owned by institutional investors.

About Darling Ingredients

Darling Ingredients Inc (Darling) is a developer and producer of sustainable natural ingredients from edible and inedible bio-nutrients, creating a range of ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy and fertilizer industries.

Analyst Recommendations for Darling Ingredients (NYSE:DAR)

Receive News & Ratings for Darling Ingredients Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Darling Ingredients Inc. and related companies with MarketBeat.com's FREE daily email newsletter.