The stock of Darling Ingredients Inc (NYSE:DAR) last traded at $36.54, down -2.48% from the previous session.
DAR stock price is now -6.02% away from the 50-day moving average and -8.73% away from the 200-day moving average. The market capitalization of the company currently stands at $5.81B.
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With the price target reduced from $45 to $43, TD Cowen maintained Hold rating for Darling Ingredients Inc (NYSE: DAR). On June 12, 2024, Citigroup Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock keeping its target price maintained at $48, while ‘Tudor Pickering Holt & Co.’ rates the stock as ‘Hold’
In other news, STUEWE RANDALL C, Chairman and CEO sold 24,710 shares of the company’s stock on Nov 19 ’24. The stock was sold for $1,036,585 at an average price of $41.95. Upon completion of the transaction, the Chairman and CEO now directly owns 693,848 shares in the company, valued at $25.35 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 18 ’24, Chairman and CEO STUEWE RANDALL C sold 290 shares of the business’s stock. A total of $12,470 was realized by selling the stock at an average price of $43.00. This leaves the insider owning 718,558 shares of the company worth $26.26 million. A total of 1.16% of the company’s stock is owned by insiders.
During the past 12 months, Darling Ingredients Inc has had a low of $32.67 and a high of $51.36. As of last week, the company has a debt-to-equity ratio of 0.98, a current ratio of 1.41, and a quick ratio of 0.83. According to the stock market information, the enterprise value for the company is $10244026368, which is based on a 22.61 price-to-earnings ratio, a 0.65 price-to-earnings-growth ratio, and a beta of 1.18. The fifty day moving average price for DAR is $38.8896 and a two-hundred day moving average price translates $40.0641 for the stock.
The latest earnings results from Darling Ingredients Inc (NYSE: DAR) was released for 2024-09-28. The net profit margin was 4.44% and return on equity was 5.86% for DAR. The company reported revenue of $1.42 billion for the quarter, compared to $1.63 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -12.51 percent.
