BMO Capital Believes Darling Ingredients (NYSE: DAR) Still Has Room to Grow

By Carrie Williams

In a report released yesterday, Kenneth Zaslow from BMO Capital reiterated a Buy rating on Darling Ingredients (NYSE: DAR), with a price target of $19. The company’s shares closed yesterday at $15.25, close to its 52-week high of $15.93.

According to TipRanks.com, Zaslow is a 5-star analyst with an average return of 12.5% and a 79.2% success rate. Zaslow covers the Consumer Goods sector, focusing on stocks such as Archer Daniels Midland, Mondelez International, and Monster Beverage Corp.

Currently, the analyst consensus on Darling Ingredients is Strong Buy and the average price target is $18.10, representing a 18.7% upside.

In a report issued on May 7, Canaccord Genuity also reiterated a Buy rating on the stock with a $18 price target.

The company has a one year high of $15.93 and a one year low of $11.51. Currently, Darling Ingredients has an average volume of 1.15M.

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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.