Ingredion Inc [INGR] stock is trading at $154.86, up 15.53%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The INGR shares have gain 16.12% over the last week, with a monthly amount glided 15.15%, 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 August 09, 2024, when Barclays upgraded its rating to a Overweight and also boosted its price target to $145 from $122. Previously, Goldman upgraded its rating to Buy on February 15, 2024, and elevated its price target to $135. On September 29, 2023, Oppenheimer initiated with a Outperform rating and assigned a price target of $120 on the stock. UBS upgraded its rating to a Buy and raised its price target to $121 on April 13, 2023. Barclays downgraded its rating to Equal Weight for this stock on January 23, 2023, and upped its price target to $110. In a note dated January 17, 2023, Stephens upgraded an Overweight rating on this stock and boosted its target price from $100 to $120.
Ingredion Inc [INGR] stock has fluctuated between $95.07 and $138.37 over the past year. Currently, Wall Street analysts expect the stock to reach $138.75 within the next 12 months. Ingredion Inc [NYSE: INGR] shares were valued at $154.86 at the most recent close of the market. An investor can expect a potential drop of -10.4% based on the average INGR price forecast.
Analyzing the INGR fundamentals
Ingredion Inc [NYSE:INGR] reported sales of 7.55B for the trailing twelve months, which represents a drop of -8.02%. Gross Profit Margin for this corporation currently stands at 0.25% with Operating Profit Margin at 0.14%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.18 and Total Capital is 0.17. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.47.
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 147.02 points at the first support level, and at 139.19 for the second support level. However, for the 1st resistance point, the stock is sitting at 158.78, and for the 2nd resistance point, it is at 162.71.
Ratios To Look Out For
For context, Ingredion Inc’s Current Ratio is 2.67. As well, the Quick Ratio is 1.69, while the Cash Ratio is 0.7. Considering the valuation of this stock, the price to sales ratio is 1.33, the price to book ratio is 2.52 and price to earnings (TTM) ratio is 15.11.
Transactions by insiders
Recent insider trading involved Zallie James P., President and CEO, that happened on Oct 10 ’24 when 371.0 shares were sold. Executive VP and CFO, Gray James D completed a deal on Oct 10 ’24 to sell 90.0 shares. Meanwhile, SVP, Food & Industrial Ingred. Ritchie Robert A. sold 44.0 shares on Oct 10 ’24.
