Darling Ingredients (NYSE:DAR) shares are expected to touch $16.5 in the short term. This short term price target has been shared by 5 analysts. However, the standard deviation of short term price estimate has been valued at 1.5. The target price could hit $18 on the higher end and $14 on the lower end.
Many analysts have stated their opinion on the company shares. JP Morgan upgrades their rating on the shares of Darling Ingredients (NYSE:DAR). The current rating of the shares is Overweight. Earlier, the shares were rated a Neutral by the brokerage firm. Equity Analysts at the Firm raises the price target to $18 per share from $14 per share. The rating by the firm was issued on May 26, 2016. For the current week, the company shares have a recommendation consensus of Buy.
On the companys insider trading activities, Sanders Justinus, director of Darling Ingredients Inc., executed a transaction worth $94,700 on November 20, 2015. A total of 10,000 shares were purchased at an average price of $9.47. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Darling Ingredients (NYSE:DAR) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.33 points or 2.14% at $15.07 with 1,162,634 shares getting traded. Post opening the session at $15.29, the shares hit an intraday low of $14.995 and an intraday high of $15.32 and the price was in this range throughout the day. The company has a market cap of $2,480 million and the number of outstanding shares have been calculated to be 164,567,470 shares. The 52-week high of Darling Ingredients (NYSE:DAR) is $15.93 and the 52-week low is $7.78.
Darling Ingredients Inc., formerly Darling International Inc., is a developer and producer of sustainable natural ingredients from edible and inedible bio-nutrients. The Company offers a range of ingredients and specialty solutions for customers in the food, pet food, pharmaceutical, feed, fuel, bioenergy and fertilizer industries. The Company operates in three segments: Feed Ingredients, which includes the edible and inedible animal by-products, bakery and hides business lines; Food Ingredients, which includes the gelatin, casings and edible fats business lines, and Fuel Ingredients, which includes the biofuel and bioenergy business lines. It recycles animal by-product streams into useable and specialty ingredients, such as gelatin, tallow, feed-grade fats, meat and bone meal, poultry meal, yellow grease, fuel feed stocks, green energy, natural casings and hides. The Company also recovers and converts used cooking oil and commercial bakery residuals into feed and fuel ingredients.