In a report released today, Paul Cheng from Scotiabank maintained a Buy rating on Darling Ingredients (DAR – Research Report), with a price target of $73.00. The company’s shares closed yesterday at $42.82.
Cheng covers the Energy sector, focusing on stocks such as APA, Chevron, and Exxon Mobil. According to TipRanks, Cheng has an average return of 2.4% and a 48.91% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Darling Ingredients with a $67.30 average price target.
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DAR market cap is currently $6.75B and has a P/E ratio of 9.62.
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Darling Ingredients (DAR) Company Description:
Darling Ingredients, Inc. engages in the development and production of natural ingredients from edible and inedible bio-nutrients. It operates through the following segments: Feed Ingredients, Food Ingredients and Fuel Ingredients. The Feed Ingredients segment includes ingredients business such as fats and proteins used cooking oil, trap grease and food residuals collection, the Rothsay ingredients, and the ingredients and specialty products. The Food Ingredients segment comprises gelatin, natural casings and meat by-products, and specialty products activities. The Fuel Ingredients segment consists of biofuel and bioenergy services. The company was founded in 1882 and is headquartered in Irving, TX.
Read More on DAR:
- Darling Ingredients Inc. Reports Fourth Quarter and Fiscal Year 2023 Results
- Is DAR a Buy, Before Earnings?
- Darling Ingredients Expands with Miropasz Group Acquisition
- Darling Ingredients initiated with a Neutral at Citi
- Darling Ingredients Inc. Completes Acquisition of Polish Rendering Company Miropasz Group
