Darling Ingredients Inc. (NYSE:DAR) finished Wednesday with a subtraction of -$2.49 to close at $65.89, a downside of -3.64 percent. An average of 1,267,700 shares of common stock have been traded in the last five days. There was a fall of -$3.12 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 1,077,070 shares traded, while the 50-day average volume stands at 1,317,588.
DAR stock has increased by 3.47% in the last month. The company shares reached their 1-month lowest point of $62.22 on 07/10/23. With the stock rallying to its 52-week high on 07/27/23, shares of the company touched a low of $51.77 and a high of $82.69 in 52 weeks. It has reached a new high 9 times so far this year and achieved 5.27% or $3.30 in price. In spite of this, the price is down -20.32% from the 52-week high.
Insider Transactions
DAR stock investors should be aware that Darling Ingredients Inc. (DAR) stock had its last reported insider trading activity 79 days ago on May 23. In this transaction, the insider spent $4,550,000. Director, Kloosterboer Dirk, disposed of 10,000 shares at a price of $64.01 on Mar 03. The insider now owns more than $640,100 worth of shares. Prior to that, EVP – Int’l Render & Specialty van der Velden Jan went on to Sale 25,000 shares at $75.00 each on Nov 11. An amount of $1,875,000 was transacted.
Valuation Metrics
Darling Ingredients Inc. (DAR) has a trailing price-to-earnings (P/E) ratio of 14.67. The stock’s beta is 1.22. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.52, the price-to-book (PB) ratio at 2.62, and the price-to-cash flow ratio at 25.25.
Financial Health
The quick ratio of Darling Ingredients Inc. for the three months ended June 29 was 1.00, and the current ratio was 1.70, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.13 and a total debt to equity ratio of 1.16 for the quarter ending June 29. Its gross profit as reported stood at $1.53 billion compared to revenue of $6.53 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 8.00%.
Earnings Surprise
For the three-month period that ended June 29, Darling Ingredients Inc. had $4.46 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $252.38 million in the quarter, while revenues of $185.8 million were grew 19.96%. The analyst consensus anticipated Darling Ingredients Inc.’s latest quarter earnings to come in at $1.58 per share, but it turned out to be $1.51, a -4.40% surprise. For the quarter, EBITDA amounted to $480.29 million. At the end of the quarter ending June 29, Darling Ingredients Inc.’s stock balance sheet showed total liabilities of 6.52 billion. Shareholders own equity worth $159.49 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 09 August was 36.36%, suggesting the stock is Neutral, with historical volatility in this time frame at 20.69%.
As of today, DAR’s price is $67.88 -4.52% or -$3.12 from its 5-day moving average. DAR is currently trading +2.14% higher than its 20-day SMA and +22.18% higher than its 100-day SMA. However, the stock’s current price level is +3.65% above the SMA50 and -10.73% below the SMA200.
The stochastic %K and %D were 28.76% and 39.10%, respectively, and the average true range (ATR) was 1.94. With the 14-day stochastic at 2.56% and the average true range at 1.89, the RSI (14) stands at 45.72%. The stock has reached -0.91 on the 9-day MACD Oscillator while the 14-day reading was at -0.90.
Analyst Ratings
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 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 12 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 $65.00 and $120.00, with a median target of $92.00. Taking a look at these predictions, the average price target given by analysts for Darling Ingredients Inc. (DAR) stock is $90.67.
