Are You Looking To Buy Darling Ingredients Inc. (DAR)? First, Read This

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Darling Ingredients Inc. (NYSE:DAR) finished Thursday with a subtraction of -$5.64 to close at $66.84, a downside of -7.78 percent. An average of 911,160 shares of common stock have been traded in the last five days. There was a fall of -$6.26 in the past week, and it reached a new high 14 times over the past 12 months. The last 20 days have seen an average of 1,046,475 shares traded, while the 50-day average volume stands at 1,143,420.

DAR stock has decreased by -3.14% in the last month. The company shares reached their 1-month lowest point of $66.76 on 09/23/22. With the stock rallying to its 52-week high on 06/07/22, shares of the company touched a low of $55.71 and a high of $87.59 in 52 weeks. It has reached a new high 11 times so far this year and achieved 4.60% or -$2.33 in price. In spite of this, the price is down -23.69% from the 52-week high.


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Insider Transactions

113 days have passed since Darling Ingredients Inc. (DAR) last reported insider trading activity. Bullock John, who is EVP – Chief Strategy Officer, most recently acquired $12,374 shares at $82.70 per share on Jun 02. In this transaction, the insider spent $1,023,330. EVP & Chief Admin Officer, LONG JIM, disposed of 25,000 shares at a price of $80.82 on Jun 01. The insider now owns more than $2,020,500 worth of shares. Prior to that, EVP – Chief Strategy Officer Bullock John went on to Sale 12,872 shares at $81.34 each on May 27. An amount of $1,047,008 was transacted.

Valuation Metrics

Darling Ingredients Inc. (DAR) has a trailing price-to-earnings (P/E) ratio of 17.31. The stock’s beta is 1.21. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.14, the price-to-book (PB) ratio at 3.35, and the price-to-cash flow ratio at 25.17.

Financial Health

The quick ratio of Darling Ingredients Inc. for the three months ended June 29 was 1.00, and the current ratio was 1.60, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.82 and a total debt to equity ratio of 0.83 for the quarter ending June 29. Its gross profit as reported stood at $1.24 billion compared to revenue of $4.74 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Darling Ingredients Inc.’s return on assets was 10.40%.

Earnings Surprise

For the three-month period that ended June 29, Darling Ingredients Inc. had $2.88 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $202.0 million in the quarter, while revenues were grew 2.68%. The analyst consensus anticipated Darling Ingredients Inc.’s latest quarter earnings to come in at $1.27 per share, but it turned out to be $1.23, a -3.10% surprise. For the quarter, EBITDA amounted to $372.8 million. Shareholders own equity worth $160.37 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Darling Ingredients Inc. (DAR) price momentum. RSI 9-day as of the close on 22 September was 23.74%, suggesting the stock is oversold, with historical volatility in this time frame at 40.61%.

As of today, DAR’s price is $72.80 -8.55% or -$6.26 from its 5-day moving average. DAR is currently trading -15.21% lower than its 20-day SMA and -11.44% lower than its 100-day SMA. However, the stock’s current price level is +16.94% above the SMA50 and -0.19% below the SMA200.

The stochastic %K and %D were 10.19% and 23.87%, respectively, and the average true range (ATR) was 2.79. With the 14-day stochastic at 1.55% and the average true range at 2.68, the RSI (14) stands at 32.29%. The stock has reached -2.60 on the 9-day MACD Oscillator while the 14-day reading was at -3.52.

Analyst Ratings

Stifel launched coverage on Darling Ingredients Inc. (NYSE: DAR) in its analyst report released on September 12, 2022. The firm assigned the stock a Buy rating. The consensus rating for Darling Ingredients Inc. (DAR) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell DAR, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 11 others rate it as a “buy”.

What is DAR’s price target for the next 12 months?

Analysts predict a range of price targets between $79.00 and $116.00, with a median target of $101.00. Taking a look at these predictions, the average price target given by analysts for Darling Ingredients Inc. (DAR) stock is $97.69.

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