Darling Ingredients (DAR) : 3 analysts are covering Darling Ingredients (DAR) and their average rating on the stock is 1.67, which is read as a Buy. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Darling Ingredients (DAR) : The highest level Darling Ingredients (DAR) is projected to reach is $17 for the short term and the lowest estimate is at $14. The consolidated price target from 3 rating analysts who initiate coverage on the stock is $15.83 and the possibility the share price can swing is $1.61.
For the current week, the company shares have a recommendation consensus of Buy. Darling Ingredients (NYSE:DAR): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $14.72 and $14.56 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $14.83. The buying momentum continued till the end and the stock did not give up its gains. It closed at $14.72, notching a gain of 0.14% for the day. The total traded volume was 2,839,014 . The stock had closed at $14.70 on the previous day.
In a related news, 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 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.