Canaccord Genuity Believes Darling Ingredients (NYSE: DAR) Still Has Room to Grow

By Ryan Adsit

In a report released yesterday, John Quealy from Canaccord Genuity reiterated a Buy rating on Darling Ingredients (NYSE: DAR), with a price target of $18. The company’s shares opened today at $15.25, close to its 52-week high of $15.93.

According to TipRanks.com, Quealy is a 4-star analyst with an average return of 5.7% and a 52.8% success rate. Quealy covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Ceco Environmental, and Lsi Industries Inc.

Darling Ingredients has an analyst consensus of Strong Buy, with a price target consensus of $18.10.

Darling Ingredients’ market cap is currently $2.47B and has a P/E ratio of 23.60. The company has a book value ratio of 1.2559.

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Darling Ingredients, Inc. engages in the development and production of natural ingredients from edible and inedible bio-nutrients. It supplies solutions for customers in the pharmaceutical, food, pet food, feed, technical, fuel, bioenergy and fertilizer industries. It operates through the following segments: Feed Ingredients, Food Ingredients. and Fuel Ingredients. The Feed Ingredients segment includes ingredients business, including fats and proteins, used cooking oil, trap grease and food residuals collection businesses, the Rothsay ingredients business, and the ingredients and specialty products businesses. The Food Ingredients segments comprises of the gelatin business, the natural casings and meat by-products business, and specialty products businesses. The Fuel Ingredients segment consists of the biofuel business and the bioenergy business. The company was founded in 1882 and is headquartered in Irving, TX.