Roth Capital Reiterates a Buy Rating on Darling Ingredients

By Ryan Adsit

In a report released yesterday, Craig Irwin from Roth Capital reiterated a Buy rating on Darling Ingredients (NYSE: DAR), with a price target of $16.50. The company’s shares opened today at $13.54.

According to, Irwin is ranked 0 out of 5 stars with an average return of -6.6% and a 34.8% success rate. Irwin covers the Industrial Goods sector, focusing on stocks such as Capstone Turbine Corp., Ballard Power Systems, and Amer. Superconductor.

Currently, the analyst consensus on Darling Ingredients is Strong Buy and the average price target is $17.50, representing a 29.2% upside.

In a report issued on November 8, Canaccord Genuity also reiterated a Buy rating on the stock with a $18 price target.

Based on Darling Ingredients’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $854 million and quarterly net profit of $28.69 million. In comparison, last year the company earned revenue of $854 million and had a GAAP net loss of $9.09 million.

Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is neutral on the stock. Most recently, in August 2016, John Bullock, the EVP – Chief Strategy Officer of DAR sold 11,258 shares for a total of $159,638.

Darling Ingredients, Inc. is global developer and producer of sustainable natural ingredients from edible and inedible bio-nutrients, creating a wide range of ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, technical, fuel, bioenergy and fertilizer industries. With operations on five continents, the company collects and transforms all aspects of animal by-product streams into useable and specialty ingredients, such as gelatin, edible fats, feed-grade fats, animal proteins and meals, plasma, pet food ingredients, organic fertilizers, yellow grease, fuel feedstocks, green energy, natural casings and hides. The company also recovers and converts used cooking oil and commercial bakery residuals into valuable feed and fuel ingredients. It operates through three segments: Feed Ingredients, Food Ingredients and Fuel Ingredients. Darling Ingredients was founded in 1882 and is headquartered in Irving, TX.