In a report released today, Kenneth Zaslow from BMO Capital reiterated a Hold rating on Ingredion (NYSE: INGR), with a price target of $90. The company’s shares opened today at $97.68, close to its 52-week low of $97.18.
According to TipRanks.com, Zaslow is a 5-star analyst with an average return of 13.3% and a 73.3% success rate. Zaslow covers the Consumer Goods sector, focusing on stocks such as Pilgrim’s Pride, Sanderson Farms, and The Andersons.
Ingredion has an analyst consensus of Hold, with a price target consensus of $118.75, representing a 21.6% upside. In a report issued on July 13, Stephens also reiterated a Hold rating on the stock with a $110 price target.
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The company has a one-year high of $146.28 and a one-year low of $97.18. Currently, Ingredion has an average volume of 554.7K.
Based on the recent corporate insider activity of 82 insiders, corporate insider sentiment is negative on the stock.
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Ingredion, Inc. manufactures and sells sweetener, starches, nutrition ingredients, and biomaterial solutions derived from the wet milling and processing of corn and other starch-based materials. Its activities include turning corn, tapioca, potatoes and other vegetables and fruits into value-added ingredients and biomaterials for the food, beverage, paper and corrugating, brewing, and other industries. It operates through the following geographical segments: North America, South America, Asia Pacific, and Europe, the Middle East, and Africa. The company was founded in 1906 and is headquartered in Westchester, IL.
