Ingredion (NYSE:INGR) Receiving Somewhat Positive Media Coverage, Report Shows
Media stories about Ingredion (NYSE:INGR) have trended somewhat positive on Sunday, Accern reports. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Ingredion earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave news articles about the company an impact score of 46.9923778436878 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Several equities analysts recently commented on INGR shares. Jefferies Financial Group reissued a “buy” rating and issued a $145.00 price objective on shares of Ingredion in a research note on Friday, July 13th. Vertical Group raised shares of Ingredion from a “hold” rating to a “buy” rating in a research note on Wednesday, June 27th. Stephens downgraded shares of Ingredion from an “overweight” rating to an “equal weight” rating in a research note on Friday, June 22nd. Zacks Investment Research raised shares of Ingredion from a “sell” rating to a “hold” rating in a research note on Saturday, June 30th. Finally, Credit Suisse Group downgraded shares of Ingredion from an “outperform” rating to a “neutral” rating and set a $130.00 target price for the company. in a research note on Wednesday, July 18th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $131.60.
NYSE:INGR traded up $0.38 during trading hours on Friday, reaching $104.00. The company had a trading volume of 405,859 shares, compared to its average volume of 466,790. The company has a current ratio of 2.46, a quick ratio of 1.48 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $7.45 billion, a price-to-earnings ratio of 13.67, a PEG ratio of 1.24 and a beta of 0.64. Ingredion has a twelve month low of $95.01 and a twelve month high of $146.28.
Ingredion Company Profile
Ingredion Incorporated, together with its subsidiaries, produces and sells starches and sweeteners for various industries. The company operates through four segments: North America, South America, Asia Pacific and Europe, and Middle East and Africa. It offers sweetener products comprising glucose syrups, high maltose syrups, high fructose corn syrups, caramel colors, dextrose, polyols, maltodextrins, glucose and syrup solids, as well as food-grade and industrial starches, and biomaterials.
See Also: Price to Earnings Ratio (PE)
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