Ingredion Inc (NYSE:INGR) has earned an average recommendation of “Hold” from the eight research firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $125.00.

A number of equities research analysts recently commented on INGR shares. ValuEngine upgraded Ingredion from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 27th. Zacks Investment Research upgraded Ingredion from a “sell” rating to a “hold” rating in a research report on Thursday, October 4th. Citigroup decreased their target price on Ingredion from $95.00 to $89.00 and set a “sell” rating on the stock in a research report on Wednesday, October 24th. Finally, Jefferies Financial Group boosted their target price on Ingredion to $145.00 and gave the stock a “buy” rating in a research report on Monday, November 19th.

In other Ingredion news, Director Barbara A. Klein sold 1,775 shares of the company’s stock in a transaction that occurred on Wednesday, November 14th. The stock was sold at an average price of $103.46, for a total transaction of $183,641.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Christine M. Castellano sold 13,261 shares of the company’s stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $105.19, for a total value of $1,394,924.59. Following the sale, the vice president now owns 30,130 shares in the company, valued at $3,169,374.70. The disclosure for this sale can be found here. Insiders sold 52,303 shares of company stock worth $5,502,781 over the last quarter. 1.80% of the stock is owned by company insiders.

Hedge funds have recently modified their holdings of the business. Point72 Hong Kong Ltd purchased a new stake in Ingredion during the second quarter valued at approximately $153,000. Legacy Financial Advisors Inc. raised its position in Ingredion by 382.7% during the third quarter. Legacy Financial Advisors Inc. now owns 1,559 shares of the company’s stock valued at $163,000 after purchasing an additional 1,236 shares during the period. Fuller & Thaler Asset Management Inc. raised its position in Ingredion by 42.2% during the second quarter. Fuller & Thaler Asset Management Inc. now owns 1,685 shares of the company’s stock valued at $187,000 after purchasing an additional 500 shares during the period. People s United Financial Inc. purchased a new stake in Ingredion during the third quarter valued at approximately $202,000. Finally, Lido Advisors LLC purchased a new stake in Ingredion during the third quarter valued at approximately $248,000. Institutional investors and hedge funds own 85.28% of the company’s stock.

Shares of NYSE INGR traded down $2.21 during mid-day trading on Tuesday, reaching $97.21. The company’s stock had a trading volume of 553,585 shares, compared to its average volume of 476,166. The firm has a market cap of $6.87 billion, a price-to-earnings ratio of 12.62, a price-to-earnings-growth ratio of 1.28 and a beta of 0.63. The company has a quick ratio of 1.53, a current ratio of 2.50 and a debt-to-equity ratio of 0.55. Ingredion has a 52 week low of $89.48 and a 52 week high of $146.28.

Ingredion (NYSE:INGR) last posted its earnings results on Thursday, November 1st. The company reported $1.70 EPS for the quarter, hitting analysts’ consensus estimates of $1.70. The company had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.46 billion. Ingredion had a return on equity of 17.55% and a net margin of 7.40%. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period in the previous year, the business earned $2.21 earnings per share. Research analysts expect that Ingredion will post 6.92 EPS for the current fiscal year.

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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Analyst Recommendations for Ingredion (NYSE:INGR)

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