Wall Street predicts Darling Ingredients Inc (DAR) stock to surge by 77.58%

Darling Ingredients Inc [DAR] stock prices are up 3.58% to $39.11 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The DAR shares have gain 2.06% over the last week, with a monthly amount glided 7.27%, 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 September 13, 2024, when TD Cowen reiterated its Hold rating and also revised its price target to $43 from $45. Previously, Citigroup upgraded its rating to Buy on June 12, 2024, and kept the price target unchanged to $48. On February 01, 2024, Citigroup initiated with a Neutral rating and assigned a price target of $49 on the stock. Tudor Pickering Holt & Co. downgraded its rating to a Hold. Stephens downgraded its rating to Equal-Weight for this stock on January 17, 2023, and downed its price target to $75. In a note dated October 19, 2022, Jefferies initiated an Buy rating and provided a target price of $102 on this stock.

The stock price of Darling Ingredients Inc [DAR] has been fluctuating between $32.67 and $51.36 over the past year. Currently, Wall Street analysts expect the stock to reach $69.45 within the next 12 months. Darling Ingredients Inc [NYSE: DAR] shares were valued at $39.11 at the most recent close of the market. An investor can expect a potential return of 77.58% based on the average DAR price forecast.

Analyzing the DAR fundamentals

The Darling Ingredients Inc [NYSE:DAR] reported sales of 5.89B for trailing twelve months, representing a drop of -11.96%. Gross Profit Margin for this corporation currently stands at -2.95% with Operating Profit Margin at 0.26%, Pretax Profit Margin comes in at 0.22%, and Net Profit Margin reading is 0.21%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.07 and Total Capital is 0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.16.

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 38.12 points at the first support level, and at 37.13 for the second support level. However, for the 1st resistance point, the stock is sitting at 40.11, and for the 2nd resistance point, it is at 41.11.

Ratios To Look Out For

It’s worth pointing out that Darling Ingredients Inc [NYSE:DAR]’s Current Ratio is 1.57. In addition, the Quick Ratio stands at 0.91 and the Cash Ratio stands at 0.51. Considering the valuation of this stock, the price to sales ratio is 1.06, the price to book ratio is 1.39 and price to earnings (TTM) ratio is 24.20.

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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