It Seems Darling Ingredients Inc. (DAR) Will Go Up. Formed A Few Months Bullish Double Top Pattern

December 7, 2017 - By Maria Brooks

Investors sentiment decreased to 0.93 in Q2 2017. Its down 0.10, from 1.03 in 2017Q1. It is negative, as 31 investors sold Darling Ingredients Inc. shares while 82 reduced holdings. 35 funds opened positions while 70 raised stakes. 153.27 million shares or 0.87% more from 151.95 million shares in 2017Q1 were reported.
Intrust Bank & Trust Na, Kansas-based fund reported 36,835 shares. Renaissance Technology Ltd Com holds 0% of its portfolio in Darling Ingredients Inc. (NYSE:DAR) for 95,360 shares. Neuberger Berman Gp Ltd reported 211,732 shares. Comerica National Bank invested in 192,910 shares or 0.02% of the stock. Miles owns 10,024 shares. Vident Inv Advisory Limited holds 0.27% of its portfolio in Darling Ingredients Inc. (NYSE:DAR) for 205,550 shares. Moreover, Hutchin Hill Capital Lp has 0.11% invested in Darling Ingredients Inc. (NYSE:DAR) for 209,200 shares. Camarda Advisors Ltd Llc has invested 0.03% in Darling Ingredients Inc. (NYSE:DAR). Pub Sector Pension Board owns 84,969 shares or 0.01% of their US portfolio. Teton Advsrs holds 26,200 shares. Bankshares Of Mellon Corporation invested in 0.01% or 2.10M shares. Louisiana State Employees Retirement Sys has invested 0.05% in Darling Ingredients Inc. (NYSE:DAR). Guggenheim Cap Ltd Liability Company reported 443,302 shares. Fisher Asset Limited Com has 2.27M shares. Beacon Fincl holds 55,179 shares.

The chart of Darling Ingredients Inc. (DAR) shows a double top with $18.67 target or 4.00 % above today’s $17.95 share price. The 7 months chart pattern indicates low risk for the $2.96B company. It was reported on Dec, 7 by Finviz.com. If the $18.67 price target is reached, the company will be worth $118.24M more. Double tops are rare but powerful chart patterns.

The stock decreased 1.21% or $0.22 during the last trading session, reaching $17.95. About 649,918 shares traded. Darling Ingredients Inc. (NYSE:DAR) has risen 8.56% since December 7, 2016 and is uptrending. It has underperformed by 8.14% the S&P500.

Analysts await Darling Ingredients Inc. (NYSE:DAR) to report earnings on February, 27. They expect $0.11 EPS, down 56.00 % or $0.14 from last year’s $0.25 per share. DAR’s profit will be $18.11 million for 40.80 P/E if the $0.11 EPS becomes a reality. After $0.05 actual EPS reported by Darling Ingredients Inc. for the previous quarter, Wall Street now forecasts 120.00 % EPS growth.

Darling Ingredients Inc. (NYSE:DAR) Ratings Coverage

Among 10 analysts covering Darling Ingredients (NYSE:DAR), 7 have Buy rating, 0 Sell and 3 Hold. Therefore 70% are positive. Darling Ingredients had 27 analyst reports since August 12, 2015 according to SRatingsIntel. The stock has “Neutral” rating by JP Morgan on Wednesday, October 28. The stock of Darling Ingredients Inc. (NYSE:DAR) has “Buy” rating given on Thursday, November 9 by BMO Capital Markets. The stock of Darling Ingredients Inc. (NYSE:DAR) has “Buy” rating given on Monday, August 14 by J.P. Morgan. On Friday, August 11 the stock rating was maintained by Robert W. Baird with “Outperform”. On Thursday, September 3 the stock rating was upgraded by Zacks to “Hold”. Zacks downgraded the stock to “Hold” rating in Friday, August 21 report. As per Friday, September 15, the company rating was maintained by BMO Capital Markets. JP Morgan upgraded the stock to “Overweight” rating in Thursday, May 26 report. The firm has “Neutral” rating given on Friday, October 6 by JP Morgan. Roth Capital maintained Darling Ingredients Inc. (NYSE:DAR) rating on Thursday, September 28. Roth Capital has “Buy” rating and $18.0 target.

More notable recent Darling Ingredients Inc. (NYSE:DAR) news were published by: Moodys.com which released: “Moody’s rates Darling’s $525 million Term Loan B facility Ba1; Stable outlook” on December 05, 2017, also Nasdaq.com with their article: “Darling Ingredients is Now Oversold (DAR)” published on November 15, 2017, Finance.Yahoo.com published: “What Should You Know About Darling Ingredients Inc’s (DAR) Future?” on November 07, 2017. More interesting news about Darling Ingredients Inc. (NYSE:DAR) were released by: Fool.com and their article: “What happened with Darling Ingredients this quarter?” published on November 09, 2017 as well as Prnewswire.com‘s news article titled: “Darling Ingredients Inc. Reports Third Quarter 2017 Financial Results” with publication date: November 07, 2017.

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