The trading price of Darling Ingredients Inc (NYSE:DAR) closed higher on Monday, June 16, and closing at $38.58, 7.14% higher than its previous close.
The company’s P/E ratio in the trailing 12-month period was 36.37. In examining the 52-week price action we see that the stock hit a 52-week high of $43.49 and a 52-week low of $26.00. Over the past month, the stock has gained 9.20% in value.
Darling Ingredients Inc, whose market valuation is $6.10 billion at the time of this writing, is expected to release its quarterly earnings report in July. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0.35 per share this quarter, however they have predicted annual earnings per share of 1.54 for current year and 2.89 for next year.
Analysts have forecast the company to bring in revenue of 1.49B for the current quarter, with the likely lows of 1.42B and highs of 1.54B. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 5.9B.
On the technical side, indicators suggest DAR has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 50% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned DAR a recommendation rating is 3. Out of them, 1 rate it a Hold, while 2 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Darling Ingredients Inc (DAR) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 1.20, which symbolizes a positive outlook. A quick review shows that DAR’s price is currently 19.62% off the SMA20 and 20.65% off the SMA50. The RSI metric on the 14-day chart is currently showing 73.72, and weekly volatility stands at 5.27%. When measured over the past 30 days, the indicator reaches 3.63%. Darling Ingredients Inc (NYSE:DAR)’s beta value is currently sitting at 1.19, while the Average True Range indicator is currently displaying 1.70. With analysts defining $47-$103 as the low and high price targets, we arrive at a consensus price target of $60 for the trailing 12-month period. The current price is about -21.82% off the estimated low and -166.98% off the forecast high, based on this estimate. Investors will be thrilled if DAR’s share price rises to $60, which is the median consensus price. At that level, DAR’s share price would be -55.52% below current price.
To see how Darling Ingredients Inc stock has been performing in comparison to its peers in the industry, here are the numbers: DAR stock’s performance was 7.14% in the latest trading, and 5.32% in the past year. Darling Ingredients Inc has a P/E ratio of 36.37.
An evaluation of the daily trading volume of Darling Ingredients Inc (NYSE:DAR) indicates that the 3-month average is 2.32 million.
Currently, records show that 158.16 million of the company’s shares remain outstanding. The insiders hold 1.51% of outstanding shares, whereas institutions hold 105.97%. However, since the stock’s price has seen 14.51% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
