J P Morgan Chase & Co Lowers Darling Ingredients Inc. (DAR) to Neutral

J P Morgan Chase & Co cut shares of Darling Ingredients Inc. (NYSE:DAR) from an overweight rating to a neutral rating in a research note published on Friday, MarketBeat Ratings reports. J P Morgan Chase & Co currently has $18.00 price objective on the stock, down from their prior price objective of $19.00.

Several other equities research analysts have also recently issued reports on DAR. BidaskClub raised shares of Darling Ingredients from a buy rating to a strong-buy rating in a research report on Thursday, July 6th. Zacks Investment Research raised shares of Darling Ingredients from a strong sell rating to a hold rating in a research report on Tuesday, July 18th. Robert W. Baird reissued an outperform rating and issued a $20.00 price objective (up from $19.00) on shares of Darling Ingredients in a research report on Friday, August 11th. Finally, Canaccord Genuity reissued a buy rating and issued a $18.00 price objective on shares of Darling Ingredients in a research report on Monday, September 25th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $18.40.

Shares of Darling Ingredients (NYSE DAR) opened at 16.51 on Friday. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of 32.44 and a beta of 1.57. Darling Ingredients has a one year low of $11.51 and a one year high of $18.65. The firm has a 50-day moving average of $17.56 and a 200 day moving average of $16.16.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings results on Wednesday, August 9th. The company reported $0.05 EPS 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 the consensus estimate of $890.91 million. Darling Ingredients had a net margin of 2.39% and a return on equity of 3.99%. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.19 earnings per share. On average, equities research analysts predict that Darling Ingredients will post $0.40 EPS for the current year.

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A number of institutional investors have recently added to or reduced their stakes in the business. Miles Capital Inc. boosted its position in Darling Ingredients by 0.3% in the 1st quarter. Miles Capital Inc. now owns 10,112 shares of the company’s stock valued at $147,000 after buying an additional 28 shares during the period. World Asset Management Inc boosted its position in Darling Ingredients by 0.9% in the 1st quarter. World Asset Management Inc now owns 10,474 shares of the company’s stock valued at $152,000 after buying an additional 94 shares during the period. Shufro Rose & Co. LLC boosted its position in Darling Ingredients by 0.4% in the 2nd quarter. Shufro Rose & Co. LLC now owns 27,457 shares of the company’s stock valued at $432,000 after buying an additional 100 shares during the period. Stephens Inc. AR boosted its position in Darling Ingredients by 2.1% in the 1st quarter. Stephens Inc. AR now owns 14,859 shares of the company’s stock valued at $216,000 after buying an additional 300 shares during the period. Finally, Amalgamated Bank boosted its position in Darling Ingredients by 1.4% in the 2nd quarter. Amalgamated Bank now owns 22,413 shares of the co

Several other equities research analysts have also recently issued reports on DAR. BidaskClub raised shares of Darling Ingredients from a buy rating to a strong-buy rating in a research report on Thursday, July 6th. Zacks Investment Research raised shares of Darling Ingredients from a strong sell rating to a hold rating in a research report on Tuesday, July 18th. Robert W. Baird reissued an outperform rating and issued a $20.00 price objective (up from $19.00) on shares of Darling Ingredients in a research report on Friday, August 11th. Finally, Canaccord Genuity reissued a buy rating and issued a $18.00 price objective on shares of Darling Ingredients in a research report on Monday, September 25th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $18.40.

Shares of Darling Ingredients (NYSE DAR) opened at 16.51 on Friday. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of 32.44 and a beta of 1.57. Darling Ingredients has a one year low of $11.51 and a one year high of $18.65. The firm has a 50-day moving average of $17.56 and a 200 day moving average of $16.16.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings results on Wednesday, August 9th. The company reported $0.05 EPS 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 the consensus estimate of $890.91 million. Darling Ingredients had a net margin of 2.39% and a return on equity of 3.99%. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.19 earnings per share. On average, equities research analysts predict that Darling Ingredients will post $0.40 EPS for the current year.

ILLEGAL ACTIVITY WARNING: This report was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this report on another publication, it was copied illegally and reposted in violation of international copyright & trademark legislation. The original version of this report can be read at https://ledgergazette.com/2017/10/10/j-p-morgan-chase-co-lowers-darling-ingredients-inc-dar-to-neutral.html.

A number of institutional investors have recently added to or reduced their stakes in the business. Miles Capital Inc. boosted its position in Darling Ingredients by 0.3% in the 1st quarter. Miles Capital Inc. now owns 10,112 shares of the company’s stock valued at $147,000 after buying an additional 28 shares during the period. World Asset Management Inc boosted its position in Darling Ingredients by 0.9% in the 1st quarter. World Asset Management Inc now owns 10,474 shares of the company’s stock valued at $152,000 after buying an additional 94 shares during the period. Shufro Rose & Co. LLC boosted its position in Darling Ingredients by 0.4% in the 2nd quarter. Shufro Rose & Co. LLC now owns 27,457 shares of the company’s stock valued at $432,000 after buying an additional 100 shares during the period. Stephens Inc. AR boosted its position in Darling Ingredients by 2.1% in the 1st quarter. Stephens Inc. AR now owns 14,859 shares of the company’s stock valued at $216,000 after buying an additional 300 shares during the period. Finally, Amalgamated Bank boosted its position in Darling Ingredients by 1.4% in the 2nd quarter. Amalgamated Bank now owns 22,413 shares of the company’s stock valued at $353,000 after buying an additional 304 shares during the period. 95.54% 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)

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