Bank of America Securities Sticks to Their Buy Rating for Darling Ingredients (DAR)
Bank of America Securities analyst Conor Fitzpatrick reiterated a Buy rating on Darling Ingredients yesterday and set a price target of $65.00.
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According to TipRanks, Fitzpatrick is a 5-star analyst with an average return of 60.3% and a 100.00% success rate.
In addition to Bank of America Securities, Darling Ingredients also received a Buy from J.P. Morgan’s Thomas Palmer in a report issued on March 24. However, today, TipRanks – Google reiterated a Hold rating on Darling Ingredients (NYSE: DAR).
Based on Darling Ingredients’ latest earnings release for the quarter ending January 3, the company reported a quarterly revenue of $1.71 billion and a net profit of $56.94 million. In comparison, last year the company earned a revenue of $1.42 billion and had a net profit of $101.91 million
Based on the recent corporate insider activity of 67 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 DAR in relation to earlier this year. Earlier this month, Randall Stuewe, the Chairman & CEO of DAR sold 20,000.00 shares for a total of $1,042,400.00.
Read More on DAR:
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