Analysts’ Views On Darling Ingredients Inc. (DAR)

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Darling Ingredients Inc. (NYSE:DAR) finished Friday with an addition of $0.32 to close at $62.59, an upside of 0.51 percent. An average of 781,040 shares of common stock have been traded in the last five days. There was a gain of $1.26 in the past week, and it reached a new high 12 times over the past 12 months. The last 20 days have seen an average of 1,748,555 shares traded, while the 50-day average volume stands at 1,849,048.

DAR stock has decreased by -12.86% in the last month. The company shares reached their 1-month lowest point of $59.34 on 12/20/22. 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 lost -9.67% or -$6.70 in price. In spite of this, the price is down -28.54% from the 52-week high.


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Insider Transactions

DAR stock investors should be aware that Darling Ingredients Inc. (DAR) stock had its last reported insider trading activity 50 days ago on Nov 11. In this transaction, the insider spent $1,875,000. EVP – Chief Strategy Officer, Bullock John, disposed of 12,374 shares at a price of $82.70 on Jun 02. The insider now owns more than $1,023,330 worth of shares. Prior to that, EVP & Chief Admin Officer LONG JIM went on to Sale 25,000 shares at $80.82 each on Jun 01. An amount of $2,020,500 was transacted.

Valuation Metrics

Darling Ingredients Inc. (DAR) has a trailing price-to-earnings (P/E) ratio of 13.99. The stock’s beta is 1.26. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.64, the price-to-book (PB) ratio at 2.81, and the price-to-cash flow ratio at 18.09.

Financial Health

The quick ratio of Darling Ingredients Inc. for the three months ended June 29 was 0.90, and the current ratio was 1.50, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.90 and a total debt to equity ratio of 0.92 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 10.00%.

Earnings Surprise

For the three-month period that ended June 29, Darling Ingredients Inc. had $3.22 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 $191.08 million in the quarter, while revenues were grew 23.17%. 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 $374.65 million. Shareholders own equity worth $160.27 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 30 December was 48.69%, suggesting the stock is Neutral, with historical volatility in this time frame at 27.95%.

As of today, DAR’s price is $62.27 +2.05% or $1.26 from its 5-day moving average. DAR is currently trading -3.11% lower than its 20-day SMA and -12.94% lower than its 100-day SMA. However, the stock’s current price level is -16.65% below the SMA50 and -15.30% below the SMA200.

The stochastic %K and %D were 64.69% and 61.27%, respectively, and the average true range (ATR) was 2.00. With the 14-day stochastic at 77.94% and the average true range at 2.25, the RSI (14) stands at 44.38%. The stock has reached 0.48 on the 9-day MACD Oscillator while the 14-day reading was at 0.62.

Analyst Ratings

Jefferies launched coverage on Darling Ingredients Inc. (NYSE: DAR) in its analyst report released on October 19, 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 13 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 $117.00, with a median target of $99.00. Taking a look at these predictions, the average price target given by analysts for Darling Ingredients Inc. (DAR) stock is $96.80.

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