Credit Suisse analyst Robert Moskow maintained a Buy rating on Ingredion (NYSE: INGR) today and set a price target of $130. The company’s shares opened today at $114.39, close to its 52-week low of $110.20.
According to TipRanks.com, Moskow is a 3-star analyst with an average return of 1.7% and a 49.7% success rate. Moskow covers the Consumer Goods sector, focusing on stocks such as Mondelez International, TreeHouse Foods, and Pinnacle Foods.
Currently, the analyst consensus on Ingredion is Moderate Buy and the average price target is $137.50, representing a 20.2% upside.
In a report released today, Jefferies also reiterated a Buy rating on the stock with a $145 price target.
Find more picks by Best Performing Analysts >>
The company has a one-year high of $146.28 and a one-year low of $110.20. Currently, Ingredion has an average volume of 410.9K.
Based on the recent corporate insider activity of 81 insiders, corporate insider sentiment is negative on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
