Baird Initiates Coverage On Darling Ingredients Inc to Outperform with Price Target $19

Baird Initiates Coverage On Darling Ingredients Inc(DAR). In a research note issued to the investors, the brokerage major Announces the price-target to $19 per share. The shares have been rated Outperform. The rating by the stock financial advisor at Baird was issued on Mar 23, 2017 in a research report to their Investors and Clients.

Darling Ingredients Inc (DAR) shares turned negative on Fridays trading session with the shares closing down -0.06 points or -0.42% at a volume of 8,22,069. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $14.5. The peak price level was also seen at $14.5 while the days lowest was $14.27. Finally the shares closed at $14.31. The 52-week high of the shares is $15.93 while the 52-week low is $11.51. According to the latest information available, the market cap of the company is $2,357 M.

Darling Ingredients Inc(DAR) last announced its earnings results on Feb 28, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $887.277M. Analysts had an estimated revenue of $841.450M. Earnings per share were $0.25. Analysts had estimated an EPS of $0.18.

Several Insider Transactions has been reported to the SEC. On Aug 25, 2016, John Bullock (EVP – Chief Strategy Officer) sold 11,258 shares at $14.18 per share price.Also, On Nov 24, 2015, Justinus Sanders (director) purchased 10,000 shares at $9.47 per share price.

Darling Ingredients Inc. formerly Darling International Inc. is a developer and producer of sustainable natural ingredients from edible and inedible bio-nutrients. The Company offers a range of ingredients and specialty solutions for customers in the food pet food pharmaceutical feed fuel bioenergy and fertilizer industries. The Company operates in three segments: Feed Ingredients which includes the edible and inedible animal by-products bakery and hides business lines; Food Ingredients which includes the gelatin casings and edible fats business lines and Fuel Ingredients which includes the biofuel and bioenergy business lines. It recycles animal by-product streams into useable and specialty ingredients such as gelatin tallow feed-grade fats meat and bone meal poultry meal yellow grease fuel feed stocks green energy natural casings and hides. The Company also recovers and converts used cooking oil and commercial bakery residuals into feed and fuel ingredients.

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