In a report issued on November 7, Chip Moore from Canaccord Genuity reiterated a Buy rating on Darling Ingredients (DAR), with a price target of $25. The company’s shares closed yesterday at $21.72, close to its 52-week high of $22.11.
According to TipRanks.com, Moore is a 4-star analyst with an average return of 13.1% and a 67.4% success rate. Moore covers the Consumer Goods sector, focusing on stocks such as Renewable Energy Group, Plug Power, and Itron.
Currently, the analyst consensus on Darling Ingredients is a Strong Buy with an average price target of $23.75.
Based on Darling Ingredients’ latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $6.04 million. In comparison, last year the company had a net profit of $7.76 million.
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Darling Ingredients, Inc. engages in the development and production of natural ingredients from edible and inedible bio-nutrients. The Feed Ingredients segment includes ingredients business such as fats and proteins, used cooking oil, trap grease and food residuals collection, the Rothsay ingredients, and the ingredients and specialty products.