UBS Remains a Buy on Darling Ingredients (DAR)
In a report released today, Manav Gupta from UBS maintained a Buy rating on Darling Ingredients, with a price target of $78.00.
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Gupta covers the Energy sector, focusing on stocks such as Exxon Mobil, Chevron, and Imperial Oil. According to TipRanks, Gupta has an average return of 17.4% and a 70.13% success rate on recommended stocks.
In addition to UBS, Darling Ingredients also received a Buy from Bank of America Securities’s Conor Fitzpatrick in a report issued on March 29. However, yesterday, TipRanks – Anthropic 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. Last 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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