Ingredion Inc [INGR] stock is trading at $127.95, up 6.62%. An important factor to consider is whether the stock is rising or falling in short-term value. The INGR shares have gain 3.40% over the last week, with a monthly amount glided 13.34%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Ingredion Inc [NYSE: INGR] stock has seen the most recent analyst activity on February 15, 2024, when Goldman upgraded its rating to a Buy and also boosted its price target to $135 from $122. Previously, Oppenheimer started tracking the stock with Outperform rating on September 29, 2023, and set its price target to $120. UBS upgraded its rating to a Buy and increased its price target to $121 on April 13, 2023. Barclays downgraded its rating to a Equal Weight and raised its price target to $110 on January 23, 2023. Stephens upgraded its rating to Overweight for this stock on January 17, 2023, and upped its price target to $120. In a note dated September 30, 2022, UBS initiated an Neutral rating and provided a target price of $89 on this stock.
Ingredion Inc [INGR] stock has fluctuated between $89.54 and $125.46 over the past year. Currently, Wall Street analysts expect the stock to reach $127 within the next 12 months. Ingredion Inc [NYSE: INGR] shares were valued at $127.95 at the most recent close of the market. An investor can expect a potential drop of -0.74% based on the average INGR price forecast.
Analyzing the INGR fundamentals
Ingredion Inc [NYSE:INGR] reported sales of 7.71B for the trailing twelve months, which represents a drop of -9.23%. Gross Profit Margin for this corporation currently stands at 0.22% with Operating Profit Margin at 0.12%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.19 and Total Capital is 0.16. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.5.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 124.28 points at the first support level, and at 120.61 for the second support level. However, for the 1st resistance point, the stock is sitting at 131.14, and for the 2nd resistance point, it is at 134.33.
Ratios To Look Out For
For context, Ingredion Inc’s Current Ratio is 2.52. On the other hand, the Quick Ratio is 1.51, and the Cash Ratio is 0.41. Considering the valuation of this stock, the price to sales ratio is 1.09, the price to book ratio is 2.22 and price to earnings (TTM) ratio is 13.08.
Transactions by insiders
Recent insider trading involved ROBERT A RITCHIE, Officer, that happened on Jul 31 ’24 when 1195.0 shares were purchased. SVP, Food & Industrial Ingred., Ritchie Robert A. completed a deal on Jul 31 ’24 to sell 1195.0 shares. Meanwhile, Director Uribe Jorge A. sold 0.0 shares on Jun 28 ’24.
