Darling Ingredients Inc. (DAR)’s Bullish Double Top Chart Pattern Points to Lower Stock Risks

December 7, 2017 - By Peter Erickson

Investors sentiment decreased to 0.93 in 2017 Q2. Its down 0.10, from 1.03 in 2017Q1. It dived, 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.
Menta Capital Ltd reported 0.08% in Darling Ingredients Inc. (NYSE:DAR). Massmutual Tru Co Fsb Adv stated it has 19,744 shares or 0% of all its holdings. Aqr Capital accumulated 799,062 shares or 0.02% of the stock. Stanley reported 340,824 shares stake. Camarda Advsr Ltd Co invested 0.03% of its portfolio in Darling Ingredients Inc. (NYSE:DAR). Suntrust Banks has invested 0% of its portfolio in Darling Ingredients Inc. (NYSE:DAR). Manufacturers Life The owns 126,528 shares. Moreover, Sei Investments Com has 0.05% invested in Darling Ingredients Inc. (NYSE:DAR) for 764,112 shares. Invesco owns 541,657 shares for 0% of their portfolio. Thrivent Financial For Lutherans has invested 0.06% in Darling Ingredients Inc. (NYSE:DAR). Gmt Cap Corp owns 0.41% invested in Darling Ingredients Inc. (NYSE:DAR) for 1.19M shares. Wells Fargo Communications Mn has 133,477 shares. Shufro Rose & Limited holds 0.05% or 27,457 shares in its portfolio. Glenmede Tru Na, Pennsylvania-based fund reported 44,637 shares. Peak6 Invs Limited Partnership reported 43,699 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 $18.11M 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 “Hold” rating by Zacks on Friday, August 21. The firm earned “Hold” rating on Thursday, September 3 by Zacks. The stock has “Buy” rating by BMO Capital Markets on Friday, September 15. The rating was upgraded by JP Morgan on Thursday, May 26 to “Overweight”. Roth Capital maintained it with “Buy” rating and $20.0 target in Tuesday, October 24 report. The stock of Darling Ingredients Inc. (NYSE:DAR) has “Buy” rating given on Thursday, November 9 by Robert W. Baird. The stock of Darling Ingredients Inc. (NYSE:DAR) earned “Neutral” rating by JP Morgan on Friday, October 6. On Thursday, November 9 the stock rating was maintained by BMO Capital Markets with “Buy”. As per Monday, June 26, the company rating was maintained by BMO Capital Markets. Robert W. Baird maintained the shares of DAR in report on Friday, October 13 with “Buy” rating.

More notable recent Darling Ingredients Inc. (NYSE:DAR) news were published by: Prnewswire.com which released: “Darling Ingredients Inc. Reports Third Quarter 2017 Financial Results” on November 07, 2017, also Finance.Yahoo.com with their article: “What Should You Know About Darling Ingredients Inc’s (DAR) Future?” published on November 07, 2017, Seekingalpha.com published: “Darling Ingredients’ (DAR) CEO Randall Stuewe on Q3 2017 Results – Earnings …” on November 12, 2017. More interesting news about Darling Ingredients Inc. (NYSE:DAR) were released by: Moodys.com and their article: “Moody’s rates Darling’s $525 million Term Loan B facility Ba1; Stable outlook” published on December 05, 2017 as well as Fool.com‘s news article titled: “What happened with Darling Ingredients this quarter?” with publication date: November 09, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.