Somewhat Positive News Coverage Somewhat Unlikely to Impact Ingredion (INGR) Stock Price
Media stories about Ingredion (NYSE:INGR) have been trending somewhat positive recently, according to Accern Sentiment. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ingredion earned a daily sentiment score of 0.19 on Accern’s scale. Accern also assigned news stories about the company an impact score of 46.3779458866796 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Shares of NYSE:INGR traded up $1.79 on Monday, reaching $130.44. 484,900 shares of the company’s stock were exchanged, compared to its average volume of 416,769. Ingredion has a twelve month low of $113.42 and a twelve month high of $146.28. The firm has a market cap of $9,293.10, a PE ratio of 16.94, a PEG ratio of 1.41 and a beta of 0.75. The company has a quick ratio of 1.66, a current ratio of 2.52 and a debt-to-equity ratio of 0.60.
Ingredion (NYSE:INGR) last announced its earnings results on Thursday, February 1st. The company reported $1.73 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.74 by ($0.01). Ingredion had a return on equity of 20.42% and a net margin of 8.63%. The business had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the previous year, the company earned $1.67 EPS. The business’s revenue for the quarter was up 24.2% on a year-over-year basis. research analysts expect that Ingredion will post 8.3 EPS for the current year.
Several research analysts have weighed in on the stock. Credit Suisse Group set a $156.00 price target on shares of Ingredion and gave the company a “buy” rating in a report on Wednesday, January 10th. Zacks Investment Research raised shares of Ingredion from a “hold” rating to a “buy” rating and set a $158.00 price target on the stock in a report on Wednesday, January 24th. Finally, ValuEngine lowered shares of Ingredion from a “buy” rating to a “hold” rating in a research report on Friday, April 6th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $146.00.
In related news, SVP Martin Sonntag sold 14,939 shares of the stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $135.00, for a total transaction of $2,016,765.00. Following the sale, the senior vice president now owns 9,875 shares in the company, valued at approximately $1,333,125. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Robert J. Stefansic sold 9,000 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $129.62, for a total transaction of $1,166,580.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 40,541 shares of company stock worth $5,424,781. Company insiders own 1.80% of the company’s stock.
Ingredion Company Profile
Ingredion Incorporated, together with its subsidiaries, produces and sells starches and sweeteners for various industries. The company operates through four segments: North America, South America, Asia Pacific and Europe, and Middle East and Africa. It offers sweetener products comprising glucose syrups, high maltose syrups, high fructose corn syrups, caramel colors, dextrose, polyols, maltodextrins, glucose and syrup solids, as well as food-grade and industrial starches, and biomaterials.
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