Darling Ingredients Inc (NYSE: DAR): To Buy Or Not To Buy, That Is The Question

Darling Ingredients Inc (DAR) concluded trading on Thursday at a closing price of $37.76, with 3.84 million shares of worth about $145.13 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -16.57% during that period and on October 24, 2024 the price saw a loss of about -1.28%. Currently the company’s common shares owned by public are about 159.53M shares, out of which, 157.05M shares are available for trading.

Stock saw a price change of 1.48% in past 5 days and over the past one month there was a price change of 4.71%. Year-to-date (YTD), DAR shares are showing a performance of -24.24% which decreased to -5.91% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $32.67 but also hit the highest price of $51.36 during that period. The average intraday trading volume for Darling Ingredients Inc shares is 1.97 million. The stock is currently trading 1.98% above its 20-day simple moving average (SMA20), while that difference is up 0.43% for SMA50 and it goes to -6.63% 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 98.67% of that.

The stock has a current market capitalization of $6.00B and its 3Y-monthly beta is at 1.24. PE ratio of stock for trailing 12 months is 16.56, while it has posted earnings per share of $2.28 in the same period. Its PEG reads 0.55 and has Quick Ratio of 0.91 while making debt-to-equity ratio of 1.04. 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 3.90% while standing at 3.28% over the month.

Stock’s fiscal year EPS is expected to drop by -52.59% while it is estimated to increase by 67.84% in next year. EPS is likely to shrink at an annualized rate of 30.00% 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 TD Cowen on September 13, 2024 offering a Hold rating for the stock and assigned a target price range of between $45 and $43 to it. Coverage by Citigroup stated Darling Ingredients Inc (DAR) stock as a Buy in their note to investors on June 12, 2024, suggesting a price target of $48 for the stock. Stock get an Outperform rating from BMO Capital Markets on April 14, 2023.

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