Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Darling Ingredients (DAR) Stock Price
Media headlines about Darling Ingredients (NYSE:DAR) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Darling Ingredients earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave media coverage about the company an impact score of 47.4913352277867 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Darling Ingredients Inc. (DAR) Stocks with High Institutional Stake: O’Reilly Automotive, Inc. (ORLY) – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Form 4 DARLING INGREDIENTS INC. For: Oct 01 Filed by: Kloosterboer Dirk – StreetInsider.com (streetinsider.com)
- Hain Celestial Group Up 14% in Six Months: More Room to Run? (finance.yahoo.com)
- Darling Ingredients Inc. (DAR) Upgraded to Buy by Zacks Investment Research (americanbankingnews.com)
Darling Ingredients (NYSE DAR) traded down 0.41% during mid-day trading on Friday, reaching $16.86. The company’s stock had a trading volume of 945,749 shares. The stock’s 50 day moving average is $17.59 and its 200 day moving average is $16.21. Darling Ingredients has a one year low of $11.51 and a one year high of $18.65. The firm has a market cap of $2.78 billion, a PE ratio of 33.12 and a beta of 1.57.
Darling Ingredients (NYSE:DAR) last announced its quarterly earnings results on Wednesday, August 9th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.05). Darling Ingredients had a return on equity of 3.99% and a net margin of 2.39%. The business had revenue of $896.30 million for the quarter, compared to analysts’ expectations of $890.91 million. During the same period last year, the company posted $0.19 earnings per share. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, analysts anticipate that Darling Ingredients will post $0.39 EPS for the current year.
DAR has been the topic of several recent analyst reports. Zacks Investment Research raised Darling Ingredients from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 18th. BidaskClub cut Darling Ingredients from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Canaccord Genuity restated a “buy” rating and set a $18.00 price objective on shares of Darling Ingredients in a report on Monday, September 25th. Robert W. Baird restated an “outperform” rating and set a $20.00 price objective (up previously from $19.00) on shares of Darling Ingredients in a report on Friday, August 11th. Finally, J P Morgan Chase & Co cut Darling Ingredients from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $19.00 to $18.00 in a report on Friday, October 6th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $18.50.
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About Darling Ingredients
Darling Ingredients Inc (Darling) is a developer and producer of sustainable natural ingredients from edible and inedible bio-nutrients, creating a range of ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy and fertilizer industries.
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