The stock of Darling Ingredients Inc (NYSE:DAR) last traded at $40.43, down -0.37% from the previous session.
DAR stock price is now 8.97% away from the 50-day moving average and -4.84% away from the 200-day moving average. The market capitalization of the company currently stands at $6.43B.
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With the price target maintained at $48, Citigroup recently Upgraded its rating from Neutral to Buy for Darling Ingredients Inc (NYSE: DAR). On February 01, 2024, Citigroup recently initiated its ‘Neutral’ rating on the stock quoting a target price of $49, while ‘Tudor Pickering Holt & Co.’ rates the stock as ‘Hold’
In other news, Day Robert W, EVP Chief Strategy Officer bought 2,532 shares of the company’s stock on Jul 31 ’24. The stock was bought for $99,685 at an average price of $39.37. Upon completion of the transaction, the EVP Chief Strategy Officer now directly owns 12,607 shares in the company, valued at $0.51 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 20 ’24, Chairman and CEO STUEWE RANDALL C sold 34,960 shares of the business’s stock. A total of $1,497,686 was realized by selling the stock at an average price of $42.84. This leaves the insider owning 718,848 shares of the company worth $29.06 million. A total of 1.24% of the company’s stock is owned by insiders.
During the past 12 months, Darling Ingredients Inc has had a low of $33.94 and a high of $65.93. As of last week, the company has a debt-to-equity ratio of 1.04, a current ratio of 1.57, and a quick ratio of 0.91. According to the stock market information, the enterprise value for the company is $11036900352, which is based on a 17.73 price-to-earnings ratio, a 1.77 price-to-earnings-growth ratio, and a beta of 1.24. The fifty day moving average price for DAR is $37.1108 and a two-hundred day moving average price translates $42.48115 for the stock.
The latest earnings results from Darling Ingredients Inc (NYSE: DAR) was released for 2024-06-29. The net profit margin was 6.07% and return on equity was 8.37% for DAR. The company reported revenue of $1.46 billion for the quarter, compared to $1.76 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -17.2 percent.
