Ingredion (NYSE:INGR) Rating Increased to Hold at Zacks Research

Ingredion (NYSE:INGR) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

A number of other research firms have also recently issued reports on INGR. Barclays reissued an “equal weight” rating and issued a $124.00 target price (down from $168.00) on shares of Ingredion in a research note on Thursday, November 6th. Weiss Ratings reissued a “hold (c+)” rating on shares of Ingredion in a research note on Monday, December 15th. BMO Capital Markets cut their price target on shares of Ingredion from $143.00 to $123.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 5th. Wall Street Zen downgraded shares of Ingredion from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Finally, Stephens dropped their price objective on shares of Ingredion from $140.00 to $120.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 5th. One research analyst has rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $124.33.

Ingredion Trading Down 0.6%

Shares of NYSE INGR opened at $110.36 on Monday. Ingredion has a fifty-two week low of $102.31 and a fifty-two week high of $141.78. The firm has a market capitalization of $7.01 billion, a P/E ratio of 11.00, a P/E/G ratio of 0.90 and a beta of 0.72. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.75 and a quick ratio of 1.79. The company’s 50 day simple moving average is $111.31 and its 200 day simple moving average is $123.13.

Ingredion (NYSE:INGR) last issued its earnings results on Tuesday, November 4th. The company reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.73 by $0.02. The firm had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.90 billion. Ingredion had a return on equity of 18.14% and a net margin of 9.07%.Ingredion has set its FY 2025 guidance at 11.100-11.300 EPS. On average, analysts predict that Ingredion will post 11.14 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in INGR. Vanguard Group Inc. boosted its holdings in shares of Ingredion by 0.3% in the 2nd quarter. Vanguard Group Inc. now owns 7,266,873 shares of the company’s stock valued at $985,533,000 after buying an additional 22,487 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Ingredion by 4.3% during the third quarter. Dimensional Fund Advisors LP now owns 2,762,402 shares of the company’s stock worth $337,311,000 after acquiring an additional 114,521 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Ingredion by 2.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,369,448 shares of the company’s stock valued at $167,223,000 after acquiring an additional 29,433 shares during the last quarter. Snyder Capital Management L P grew its position in shares of Ingredion by 22.0% in the 3rd quarter. Snyder Capital Management L P now owns 1,323,847 shares of the company’s stock valued at $161,655,000 after acquiring an additional 238,420 shares during the period. Finally, AQR Capital Management LLC increased its stake in shares of Ingredion by 143.1% during the 3rd quarter. AQR Capital Management LLC now owns 1,191,118 shares of the company’s stock worth $144,685,000 after purchasing an additional 701,063 shares during the last quarter. Institutional investors and hedge funds own 85.27% of the company’s stock.

About Ingredion

Ingredion Incorporated is a global ingredient solutions company specializing in the production and sale of starches, sweeteners, nutrition ingredients and biomaterials derived primarily from corn and other plant-based raw materials. The company serves a diverse set of industries, including food and beverage, brewing, pharmaceuticals and personal care, providing functional ingredients that enhance texture, stability, flavor and nutritional value in a wide array of end products.

The company’s product portfolio comprises native and modified starches, high-fructose corn syrup, dextrose, maltodextrins, specialty sweeteners and various texturizers.