Favorable Media Coverage Somewhat Unlikely to Affect Ingredion (INGR) Stock Price
News headlines about Ingredion (NYSE:INGR) have trended positive this week, according to Accern. The research firm identifies negative and positive media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ingredion earned a news impact score of 0.32 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 46.0317392235067 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media headlines that may have effected Accern’s scoring:
- ValuEngine Upgrades Ingredion (INGR) to Buy (americanbankingnews.com)
- Suntrust Banks Inc. Cuts Position in Ingredion Inc (INGR) (americanbankingnews.com)
- Credit Agricole S A Has $3.92 Million Holdings in Ingredion Inc (INGR) (americanbankingnews.com)
- Snyder Capital Management L P Sells 26,509 Shares of Ingredion Inc (INGR) (americanbankingnews.com)
- Burney Co. Purchases 12,200 Shares of Ingredion Inc (INGR) (americanbankingnews.com)
A number of research analysts have recently issued reports on the company. ValuEngine raised Ingredion from a “hold” rating to a “buy” rating in a report on Friday. Zacks Investment Research raised Ingredion from a “hold” rating to a “buy” rating and set a $152.00 price objective on the stock in a report on Wednesday, January 17th. Credit Suisse Group set a $156.00 price objective on Ingredion and gave the stock a “buy” rating in a report on Wednesday, January 10th. BidaskClub raised Ingredion from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. Finally, Stephens raised Ingredion from an “equal weight” rating to an “overweight” rating in a report on Wednesday, November 15th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $146.00.
Ingredion (NYSE:INGR) last announced its quarterly earnings data on Thursday, February 1st. The company reported $1.73 earnings per share 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 period in the prior year, the company earned $1.67 EPS. The company’s revenue was up 24.2% on a year-over-year basis. equities research analysts anticipate that Ingredion will post 8.3 earnings per share for the current year.
In other Ingredion news, SVP Martin Sonntag sold 14,939 shares of the business’s stock in a transaction on Friday, February 2nd. The stock was 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 directly owns 9,875 shares in the company, valued at $1,333,125. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Robert J. Stefansic sold 9,000 shares of the business’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $129.62, for a total value of $1,166,580.00. The disclosure for this sale can be found here. Insiders have sold 40,541 shares of company stock worth $5,424,781 in the last ninety days. 1.92% of the stock is currently owned by corporate insiders.
Ingredion Company Profile
Ingredion Incorporated is an ingredients solutions provider. The Company manufactures and sells sweetener, starches, nutrition ingredients and biomaterial solutions derived from the wet milling and processing of corn and other starch-based materials to a range of industries, both domestically and internationally.
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