Ingredion Incorporated (NYSE:INGR) received a $145.00 target price from research analysts at Jefferies Group LLC in a note issued to investors on Sunday, October 29th. The brokerage currently has a “buy” rating on the stock. Jefferies Group LLC’s target price points to a potential upside of 11.00% from the company’s previous close.
A number of other equities analysts also recently commented on INGR. BidaskClub downgraded shares of Ingredion from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 9th. Zacks Investment Research raised shares of Ingredion from a “hold” rating to a “buy” rating and set a $139.00 price target for the company in a report on Thursday, September 14th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $125.00 price target on shares of Ingredion in a report on Friday, September 29th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $140.00.
Ingredion (INGR) opened at $130.63 on Friday. The company has a current ratio of 2.41, a quick ratio of 1.53 and a debt-to-equity ratio of 0.61. Ingredion has a 1 year low of $113.07 and a 1 year high of $132.20. The firm has a market cap of $9,279.93, a PE ratio of 16.88, a price-to-earnings-growth ratio of 1.52 and a beta of 0.68.
Ingredion (NYSE:INGR) last released its quarterly earnings results on Wednesday, November 1st. The company reported $2.21 EPS for the quarter, beating the consensus estimate of $2.04 by $0.17. The business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.52 billion. Ingredion had a net margin of 8.73% and a return on equity of 20.92%. The company’s quarterly revenue was down .3% on a year-over-year basis. During the same period in the prior year, the business earned $1.96 earnings per share. equities analysts anticipate that Ingredion will post 7.71 EPS for the current fiscal year.
In other news, VP James P. Zallie sold 3,048 shares of Ingredion stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $125.00, for a total value of $381,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP James P. Zallie sold 27,972 shares of Ingredion stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $125.39, for a total transaction of $3,507,409.08. Following the completion of the transaction, the vice president now directly owns 29,429 shares in the company, valued at approximately $3,690,102.31. The disclosure for this sale can be found here. Over the last quarter, insiders sold 52,882 shares of company stock worth $6,622,034. 1.92% of the stock is currently owned by insiders.
Several institutional investors have recently added to or reduced their stakes in INGR. Victory Capital Management Inc. grew its position in Ingredion by 6,380.0% during the second quarter. Victory Capital Management Inc. now owns 745,917 shares of the company’s stock valued at $88,921,000 after purchasing an additional 734,406 shares in the last quarter. Schroder Investment Management Group grew its position in Ingredion by 244.5% during the second quarter. Schroder Investment Management Group now owns 675,062 shares of the company’s stock valued at $79,319,000 after purchasing an additional 479,087 shares in the last quarter. Check Capital Management Inc. CA grew its position in Ingredion by 98.7% during the third quarter. Check Capital Management Inc. CA now owns 857,289 shares of the company’s stock valued at $103,423,000 after purchasing an additional 425,835 shares in the last quarter. Janus Henderson Group PLC grew its position in Ingredion by 2,022.8% during the second quarter. Janus Henderson Group PLC now owns 299,848 shares of the company’s stock valued at $35,744,000 after purchasing an additional 285,723 shares in the last quarter. Finally, FMR LLC grew its position in Ingredion by 108.7% during the second quarter. FMR LLC now owns 543,986 shares of the company’s stock valued at $64,849,000 after purchasing an additional 283,304 shares in the last quarter. 84.59% of the stock is currently owned by institutional investors and hedge funds.
Ingredion Company Profile
Ingredion Incorporated is an ingredients solutions provider. The Company manufactures and sells sweetener, starches, nutrition ingredients and biomaterial solutions derived from the wet milling and processing of corn and other starch-based materials to a range of industries, both domestically and internationally.
Receive News & Ratings for Ingredion Incorporated Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Ingredion Incorporated and related companies with MarketBeat.com’s FREE daily email newsletter.