Ingredion Incorporated (INGR) : The highest short term price target forecast on Ingredion Incorporated (INGR) is $152 and the lowest target price is $95. A total of 2 equity analysts are currently covering the company. The average price of all the analysts is $123.5 with a standard deviation of $40.31.
Ingredion Incorporated (INGR) : Zacks Investment Research ranks Ingredion Incorporated (INGR) as 1, which is a Strong Buy recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 2 research analysts is 2, which indicates as a Buy.
Also, Major Brokerage house, Citigroup maintains its ratings on Ingredion Incorporated (NYSE:INGR). In the latest research report, Citigroup raises the target price from $140 per share to $154 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on July 29, 2016.
Ingredion Incorporated (NYSE:INGR): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $136.74 and $136.03 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $137.83. The buying momentum continued till the end and the stock did not give up its gains. It closed at $137.23, notching a gain of 0.20% for the day. The total traded volume was 348,542 . The stock had closed at $136.96 on the previous day.
Ingredion Incorporated is a manufacturer and supplier of starch and sweetener ingredients to a range of industries, including packaged food, beverage, brewing, industrial, pharmaceutical and personal care customers. The Company operates in four business segments: North America, South America, Asia Pacific and EMEA. North America segment consists of operations in the United States, Canada and Mexico and produces a range of both sweeteners and starches. South America segment includes 11 plants that produce regular, modified, waxy and tapioca starches, fructose and maltose syrups and syrup solids, dextrins and maltodextrins, dextrose, specialty starches, caramel color, sorbitol and vegetable adhesives. Asia Pacific segment manufactures corn-based products in South Korea, Australia and China and tapioca-based products in Thailand. EMEA segment includes five plants that produce modified and specialty starches, glucose and dextrose in England, Germany and Pakistan.