With 0.53 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.38 million shares. During the session, the Packaged Foods company that operates in wider Consumer Defensive sector, reached to the highest price of $147.15 whereas the lowest price it dropped to was $144.12. The 52-week range on INGR shows that it touched its highest point at $155.44 and its lowest point at $100.90 during that stretch. It currently has a 1-year price target of $158.33. With its current market cap of 9.68 billion, INGR has annualized dividend of $3.14 while the current yield stands at 2.14%. INGR paid its most recent dividend on 1727740800, while the ex-dividend date for that was 1727740800. Beta for the stock currently stands at 0.74.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of INGR was up-trending over the past week, with a rise of 4.00%, but this was up by 8.02% over a month. Three-month performance surged to 10.37% while six-month performance rose 24.44%. The stock gained 40.50% in the past year, while it has gained 34.96% so far this year. A look at the trailing 12-month EPS for INGR yields 10.25 with Next year EPS estimates of 11.12. For the next quarter, that number is 2.54. This implies an EPS growth rate of 11.96% for this year and 5.43% for next year. EPS is expected to grow by 11.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 9.24%.
Float and Shares Shorts:
At present, 65.20 million INGR shares are outstanding with a float of 64.57 million shares on hand for trading. On 2024-10-31, short shares totaled 0.61 million, which was 93.0 higher than short shares on 1727654400. In addition to Mr. James P. Zallie as the firm’s President, CEO & Director, Mr. James Derek Gray serves as its Executive VP & CFO.
Institutional Ownership:
Through their ownership of 0.89237 of INGR’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, INGR reported revenue of $1870000000.0 and operating income of $280000000.0. The EBITDA in the recently reported quarter was $331000000.0 and diluted EPS was $2.83.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for INGR since 14 analysts follow the stock currently. There are 7 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 7 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With INGR analysts setting a high price target of 178.0 and a low target of 147.0, the average target price over the next 12 months is 165.2. Based on these targets, INGR could surge 21.53% to reach the target high and rise by 0.36% to reach the target low. Reaching the average price target will result in a growth of 12.79% from current levels.
Analysts have provided yearly estimates in a range of $10.72342 being high and $10.47969 being low. For INGR, this leads to a yearly average estimate of $10.54681. The surprise factor in the prior quarter was $2.49. Based on analyst estimates, the high estimate for the next quarter is $2.78 and the low estimate is $2.58. The average estimate for the next quarter is thus $2.66.
