BMO Capital Believes Darling Ingredients (NYSE: DAR) Won’t Stop Here

By Ryan Adsit

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 $15.93, close to its 52-week high of $16.61.

According to TipRanks.com, Zaslow is a 5-star analyst with an average return of 13.3% and a 80.4% success rate. Zaslow covers the Consumer Goods sector, focusing on stocks such as Archer Daniels Midland, Mondelez International, and Monster Beverage Corp.

Darling Ingredients has an analyst consensus of Moderate Buy, with a price target consensus of $18.50.

Based on Darling Ingredients’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $880 million and quarterly net profit of $5.83 million. In comparison, last year the company earned revenue of $780 million and had a net profit of $1.08 million.

Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of DAR in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.