In a report released yesterday, Benjamin Theurer from Barclays maintained a Hold rating on Ingredion (INGR – Research Report), with a price target of $115.00. The company’s shares closed yesterday at $109.71.
Theurer covers the Consumer Defensive sector, focusing on stocks such as Tyson Foods, Ingredion, and Ambev SA. According to TipRanks, Theurer has an average return of 6.0% and a 55.71% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Ingredion with a $122.50 average price target, representing an 11.66% upside. In a report released on January 22, Goldman Sachs also maintained a Hold rating on the stock with a $122.00 price target.
See the top stocks recommended by analysts >>
INGR market cap is currently $7.21B and has a P/E ratio of 11.43.
Based on the recent corporate insider activity of 99 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of INGR in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Ingredion (INGR) Company Description:
Ingredion, Inc. manufactures and sells sweetener, starches, nutrition ingredients, and biomaterial solutions derived from the wet milling and processing of corn and other starch based materials. Its activities include turning corn, tapioca, potatoes and other vegetables and fruits into value added ingredients and biomaterials for the food, beverage, paper and corrugating, brewing, and other industries. The company was founded in 1906 and is headquartered in Westchester, IL.
Read More on INGR:
- Ingredion Incorporated Reports Strong 2023 Fourth Quarter and Full-Year Results
- INGR Upcoming Earnings Report: What to Expect?
- Ingredion Completes Sale of Business in South Korea
- Ingredion price target raised to $115 from $110 at Barclays
- Ingredion Named One of Fortune Magazine’s World’s Most Admired Companies for 14th Year
