Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Darling Ingredients (DAR) Share Price
News headlines about Darling Ingredients (NYSE:DAR) have been trending somewhat positive recently, according to Accern. The research group identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Darling Ingredients earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave press coverage about the company an impact score of 47.1277025681852 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern’s analysis:
- Darling Ingredients Inc (DAR) Expected to Post Quarterly Sales of $913.78 Million (americanbankingnews.com)
- Darling Ingredients Inc (DAR) Receives Consensus Recommendation of “Buy” from Brokerages (americanbankingnews.com)
- Technical data gathered from Darling Ingredients Inc. (DAR) – Wall Street Morning (wallstreetmorning.com)
- Darling Global Finance B.V. — Moody’s rates Darling’s $525 million Term Loan B facility Ba1; Stable outlook (finance.yahoo.com)
Several analysts recently weighed in on DAR shares. Canaccord Genuity reaffirmed a “buy” rating and issued a $18.00 target price on shares of Darling Ingredients in a report on Monday, September 25th. Robert W. Baird reaffirmed an “outperform” rating and issued a $20.00 target price (up previously from $19.00) on shares of Darling Ingredients in a report on Friday, August 11th. Zacks Investment Research raised shares of Darling Ingredients from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a report on Wednesday, October 11th. J P Morgan Chase & Co cut shares of Darling Ingredients from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $19.00 to $18.00 in a report on Friday, October 6th. Finally, Roth Capital set a $20.00 target price on shares of Darling Ingredients and gave the company a “buy” rating in a report on Tuesday, October 24th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $19.33.
Darling Ingredients (NYSE DAR) traded down $0.15 during mid-day trading on Friday, reaching $17.80. 1,681,300 shares of the company’s stock were exchanged, compared to its average volume of 1,181,593. The company has a current ratio of 1.76, a quick ratio of 1.07 and a debt-to-equity ratio of 0.79. Darling Ingredients has a 12 month low of $11.51 and a 12 month high of $18.65. The firm has a market capitalization of $2,992.27, a PE ratio of 46.59 and a beta of 1.53.
Darling Ingredients (NYSE:DAR) last released its quarterly earnings data on Tuesday, November 7th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Darling Ingredients had a return on equity of 2.96% and a net margin of 1.76%. The company had revenue of $937.70 million for the quarter, compared to analyst estimates of $870.50 million. During the same period in the previous year, the business posted $0.17 EPS. The firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. equities analysts predict that Darling Ingredients will post 0.24 EPS for the current year.
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Darling Ingredients Company Profile
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.
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