Analysts Set Ingredion Incorporated (NYSE:INGR) Price Target at $121.29

Ingredion Incorporated (NYSE:INGR) has earned a consensus recommendation of “Hold” from the nine analysts that are covering the stock, Marketbeat reports. Eight equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $121.2857.

Several analysts have recently issued reports on the company. Barclays reduced their target price on Ingredion from $120.00 to $118.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 5th. Oppenheimer cut shares of Ingredion from an “outperform” rating to a “market perform” rating in a research report on Monday, June 8th. Benchmark reiterated a “buy” rating on shares of Ingredion in a research note on Tuesday, June 9th. Weiss Ratings lowered shares of Ingredion from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, July 8th. Finally, Zacks Research upgraded shares of Ingredion from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th.

Ingredion Trading Down 0.8%

Shares of INGR stock opened at $100.29 on Wednesday. The company has a current ratio of 2.80, a quick ratio of 1.92 and a debt-to-equity ratio of 0.39. The stock has a market cap of $6.32 billion, a P/E ratio of 10.94, a price-to-earnings-growth ratio of 0.85 and a beta of 0.62. The stock has a 50 day simple moving average of $102.34 and a 200 day simple moving average of $105.69. Ingredion has a 1 year low of $94.44 and a 1 year high of $127.50.

Ingredion (NYSE:INGR) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.71 by $0.11. The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.83 billion. Ingredion had a return on equity of 15.40% and a net margin of 8.21%.The company’s revenue was up .9% on a year-over-year basis. During the same quarter last year, the company earned $2.87 EPS. Ingredion has set its FY 2026 guidance at 10.300-10.900 EPS. On average, research analysts predict that Ingredion will post 10.76 earnings per share for the current fiscal year.

Insider Activity

In related news, Director David Fischer sold 1,662 shares of Ingredion stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $102.31, for a total value of $170,039.22. Following the transaction, the director directly owned 19,930 shares of the company’s stock, valued at $2,039,038.30. This trade represents a 7.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Ingredion

Several institutional investors and hedge funds have recently added to or reduced their stakes in INGR. Integrated Wealth Concepts LLC raised its holdings in shares of Ingredion by 32.8% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,082 shares of the company’s stock worth $281,000 after buying an additional 514 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Ingredion by 63.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,694 shares of the company’s stock worth $499,000 after buying an additional 1,440 shares during the last quarter. NewEdge Advisors LLC boosted its stake in Ingredion by 9.0% in the first quarter. NewEdge Advisors LLC now owns 9,687 shares of the company’s stock valued at $1,310,000 after buying an additional 797 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Ingredion by 5.5% in the first quarter. Goldman Sachs Group Inc. now owns 101,414 shares of the company’s stock valued at $13,712,000 after acquiring an additional 5,255 shares during the last quarter. Finally, Focus Partners Wealth grew its position in Ingredion by 5.6% in the first quarter. Focus Partners Wealth now owns 3,636 shares of the company’s stock valued at $492,000 after acquiring an additional 192 shares during the last quarter. 85.27% of the stock is currently owned by institutional investors.

About Ingredion

Ingredion Incorporated (NYSE: INGR) is a global ingredient solutions company that develops and produces ingredients derived primarily from corn, tapioca, potato and other plant-based sources. Its products are used by food, beverage, brewing, animal nutrition, pharmaceutical, personal care and industrial manufacturers.

The company’s portfolio includes starches, sweeteners, fibers, texturizers, specialty ingredients and plant-based proteins. These ingredients help customers improve the taste, texture, nutrition, stability and performance of finished products, including baked goods, dairy products, beverages, confectionery, sauces and other consumer and industrial goods.

Ingredion serves customers across North America, South America, Asia-Pacific, Europe, the Middle East and Africa.