Out of 4 analysts covering Darling International (NYSE:DAR), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $18 is the highest target while $11 is the lowest. The $17.10 average target is 24.64% above today’s ($13.72) stock price. Darling International has been the topic of 8 analyst reports since October 28, 2015 according to StockzIntelligence Inc. JP Morgan maintained the stock on August 15 with “Overweight” rating. Below is a list of Darling Ingredients Inc (NYSE:DAR) latest ratings and price target changes.
15/08/2016 Broker: JP Morgan Rating: Overweight Old Target: $18.00 New Target: $17.00 Maintain
29/06/2016 Broker: Goldman Sachs Old Rating: Neutral New Rating: Buy Old Target: $16.00 New Target: $18.00 Upgrade
26/05/2016 Broker: JP Morgan Old Rating: Neutral New Rating: Overweight Old Target: $14.00 New Target: $18.00 Upgrade
01/04/2016 Broker: Avondale Rating: Market Outperform Old Target: $17.50 New Target: $17.00 Maintain
About 949,375 shares traded hands. Darling Ingredients Inc (NYSE:DAR) has risen 67.49% since February 8, 2016 and is uptrending. It has outperformed by 51.01% the S&P500.
Darling Ingredients Inc., formerly Darling International Inc., is a developer and producer of sustainable natural ingredients from edible and inedible bio-nutrients. The company has a market cap of $2.28 billion. The Firm offers a range of ingredients and specialty solutions for clients in the food, pet food, pharmaceutical, feed, fuel, bioenergy and fertilizer industries. It has a 20.92 P/E ratio. The Firm operates in three divisions: Feed Ingredients, which includes the edible and inedible animal by-products, bakery and hides business lines; Food Ingredients, which includes the gelatin, casings and edible fats business lines, and Fuel Ingredients, which includes the biofuel and bioenergy business lines.
The institutional sentiment decreased to 0.99 in Q2 2016. Its down 0.36, from 1.35 in 2016Q1. The ratio worsened, as 27 funds sold all Darling Ingredients Inc shares owned while 93 reduced positions. 44 funds bought stakes while 75 increased positions. They now own 154.82 million shares or 1.41% less from 157.03 million shares in 2016Q1.
Southernsun Asset Management Llc holds 6.63% of its portfolio in Darling Ingredients Inc for 16.96 million shares. Marathon Partners Equity Management Llc owns 1.04 million shares or 6.54% of their US portfolio. Moreover, Gates Capital Management Inc. has 4.98% invested in the company for 9.87 million shares. The Tennessee-based Nfc Investments Llc has invested 3.62% in the stock. Cfo4life L.P., a Texas-based fund reported 245,081 shares.
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