Darling Ingredients Inc (NYSE: DAR) – Not A Clear Buying Opportunity?

Darling Ingredients Inc (DAR) concluded trading on Thursday at a closing price of $41.18, with 2.62 million shares of worth about $107.99 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -13.34% during that period and on April 18, 2024 the price saw a loss of about -1.27%. Currently the company’s common shares owned by public are about 159.53M shares, out of which, 157.79M shares are available for trading.

However, the stock later moved at a day high price of 45.63, or with a loss of -1.27%. Stock saw a price change of -9.36% in past 5 days and over the past one month there was a price change of -6.96%. Year-to-date (YTD), DAR shares are showing a performance of -17.38% which decreased to -29.37% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $38.97 but also hit the highest price of $71.60 during that period. The average intraday trading volume for Darling Ingredients Inc shares is 2.08 million. The stock is currently trading -8.53% below its 20-day simple moving average (SMA20), while that difference is down -5.83% for SMA50 and it goes to -18.15% lower than SMA200.

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Darling Ingredients Inc (NYSE: DAR) currently have 159.53M outstanding shares and institutions hold larger chunk of about 99.97% of that.

The stock has a current market capitalization of $6.58B and its 3Y-monthly beta is at 1.32. PE ratio of stock for trailing 12 months is 10.33, while it has posted earnings per share of $3.99 in the same period. Its PEG reads 1.03 and has Quick Ratio of 1.10 while making debt-to-equity ratio of 1.01. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for DAR, volatility over the week remained 3.05% while standing at 3.19% over the month.

Stock’s fiscal year EPS is expected to drop by -18.04% while it is estimated to increase by 37.75% in next year. EPS is likely to shrink at an annualized rate of 10.00% for next 5-years, compared to annual growth of 45.84% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Citigroup on February 01, 2024 offering a Neutral rating for the stock and assigned a target price of $49 to it. On April 14, 2023, BMO Capital Markets Resumed their recommendations, while on January 17, 2023, Stephens Downgrade their ratings for the stock with a price target of $75. Stock get a Buy rating from Jefferies on October 19, 2022.

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