Ingredion Inc (INGR) concluded trading on Wednesday at a closing price of $147.03, with 0.46 million shares of worth about $67.86 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 26.10% during that period and on November 27, 2024 the price saw a loss of about -1.19%. Currently the company’s common shares owned by public are about 65.20M shares, out of which, 64.57M shares are available for trading.
Stock saw a price change of 3.29% in past 5 days and over the past one month there was a price change of 10.25%. Year-to-date (YTD), INGR shares are showing a performance of 35.47% which increased to 43.07% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $100.90 but also hit the highest price of $155.44 during that period. The average intraday trading volume for Ingredion Inc shares is 394.21K. The stock is currently trading 1.21% above its 20-day simple moving average (SMA20), while that difference is up 5.68% for SMA50 and it goes to 18.17% higher than SMA200.
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Ingredion Inc (NYSE: INGR) currently have 65.20M outstanding shares and institutions hold larger chunk of about 87.39% of that.
The stock has a current market capitalization of $9.58B and its 3Y-monthly beta is at 0.75. PE ratio of stock for trailing 12 months is 14.35, while it has posted earnings per share of $10.25 in the same period. Its PEG reads 1.30 and has Quick Ratio of 1.69 while making debt-to-equity ratio of 0.47. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for INGR, volatility over the week remained 1.60% while standing at 2.29% over the month.
Analysts are in expectations that Ingredion Inc (INGR) stock would likely to be making an EPS of 2.55 in the current quarter, while forecast for next quarter EPS is 2.66 and it is 11.16 for next year. For the current quarter EPS, analysts have given the company a lowest target 2.49 which is 2.6 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of 1.97 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 11.96% while it is estimated to increase by 5.43% in next year. EPS is likely to grow at an annualized rate of 11.00% for next 5-years, compared to annual growth of 9.24% 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 Barclays on August 09, 2024 offering an Overweight rating for the stock and assigned a target price range of between $122 and $145 to it. Coverage by Goldman stated Ingredion Inc (INGR) stock as a Buy in their note to investors on February 15, 2024, suggesting a price target of $135 for the stock. On September 29, 2023, Oppenheimer Initiated their recommendations, while on April 14, 2023, BMO Capital Markets Resumed their ratings for the stock with a price target of $115. Stock get a Buy rating from UBS on April 13, 2023.
