Darling Ingredients Inc (DAR) stock poised to deliver a potential return of 72.7%

Darling Ingredients Inc [DAR] stock is trading at $41.46, up 3.52%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The DAR shares have gain 6.14% over the last week, with a monthly amount glided 8.14%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Darling Ingredients Inc [NYSE: DAR] stock has seen the most recent analyst activity on June 12, 2024, when Citigroup upgraded its rating to a Buy but kept the price target unchanged to $48 for it. Previously, Citigroup started tracking the stock with Neutral rating on February 01, 2024, and set its price target to $49. On October 13, 2023, downgrade downgraded it’s rating to Hold. Stephens downgraded its rating to a Equal-Weight and reduced its price target to $75 on January 17, 2023. Jefferies started tracking with a Buy rating for this stock on October 19, 2022, and assigned it a price target of $102. In a note dated September 12, 2022, Stifel initiated an Buy rating and provided a target price of $101 on this stock.

Darling Ingredients Inc [DAR] stock has fluctuated between $33.94 and $63.67 over the past year. Currently, Wall Street analysts expect the stock to reach $71.6 within the next 12 months. Darling Ingredients Inc [NYSE: DAR] shares were valued at $41.46 at the most recent close of the market. An investor can expect a potential return of 72.7% based on the average DAR price forecast.

Analyzing the DAR fundamentals

Darling Ingredients Inc [NYSE:DAR] reported sales of 6.09B for the trailing twelve months, which represents a drop of -16.83%. Gross Profit Margin for this corporation currently stands at 0.15% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.08 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.0.

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 40.24 points at the first support level, and at 39.03 for the second support level. However, for the 1st resistance point, the stock is sitting at 42.17, and for the 2nd resistance point, it is at 42.89.

Ratios To Look Out For

For context, Darling Ingredients Inc’s Current Ratio is 1.57. As well, the Quick Ratio is 0.91, while the Cash Ratio is 0.15. Considering the valuation of this stock, the price to sales ratio is 1.08, the price to book ratio is 1.48 and price to earnings (TTM) ratio is 18.18.

Transactions by insiders

Recent insider trading involved McNutt Patrick, EVP Chief Admin Officer, that happened on Aug 16 ’24 when 1300.0 shares were purchased. EVP Chief Strategy Officer, Day Robert W completed a deal on Jul 31 ’24 to buy 2532.0 shares. Meanwhile, Chairman and CEO STUEWE RANDALL C sold 34960.0 shares on May 20 ’24.

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