Goldman Sachs Upgrades Darling Ingredients Inc to Buy with Price Target $18.00

Brokerage firm Goldman Sachs Upgrades its rating on Darling Ingredients Inc(NYSE:DAR). In a research note issued to the investors, the brokerage major Raises the price-target to $18.00 per share. The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by Goldman Sachs was issued on Jun 29, 2016.

In a different note, On May 26, 2016, JP Morgan said it Upgrades its rating on Darling Ingredients Inc. In the research note, the firm Raises the price-target to $14.00 per share. The shares have been rated ‘Overweight’ by the firm. On Apr 1, 2016, Avondale Partners said it Maintains its rating on Darling Ingredients Inc. In the research note, the firm Raises the price-target to $17.50 per share. The shares have been rated ‘Market Outperform’ by the firm.

Darling Ingredients Inc (DAR) remained unchanged at the close of Friday session. Even as the volume increased to 10,47,056 ,the shares failed to make any impression and ended at 0 points or 0.00% at $14.9. The trading session commenced at $14.94 and the stock hit a high of $15.02 and touched $14.615 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $15.93 and the 52-week low is $7.78. The company has a market cap of $2,452 M and has approximately 16,45,67,470 outstanding shares.

Darling Ingredients Inc(DAR) last announced its earnings results on May 12, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $779.64M. Analysts had an estimated revenue of $809.79M. Earnings per share were $0.01. Analysts had estimated an EPS of $0.11.

Several Insider Transactions has been reported to the SEC. On Nov 24, 2015, Justinus Sanders (director) purchased 10,000 shares at $9.47 per share price.

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.

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