Jefferies Sticks to Its Buy Rating for Darling Ingredients (DAR)
In a report released today, Dushyant Ailani from Jefferies reiterated a Buy rating on Darling Ingredients, with a price target of $73.00.
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According to TipRanks, Ailani is a 2-star analyst with an average return of 0.7% and a 31.82% success rate.
In addition to Jefferies, Darling Ingredients also received a Buy from Robert W. Baird’s Ben Kallo in a report issued on April 7. However, yesterday, TipRanks – OpenAI 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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