News coverage about Ingredion (NYSE:INGR) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ingredion earned a coverage optimism score of 0.20 on Accern’s scale. Accern also gave news articles about the company an impact score of 46.6926521696822 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:
INGR has been the topic of several analyst reports. Zacks Investment Research upgraded Ingredion from a “hold” rating to a “buy” rating and set a $135.00 price objective on the stock in a research note on Thursday, September 21st. BidaskClub cut Ingredion from a “hold” rating to a “sell” rating in a research note on Friday, September 22nd. BMO Capital Markets reiterated a “hold” rating and issued a $125.00 price objective on shares of Ingredion in a research note on Friday, September 29th. Jefferies Group set a $145.00 price objective on Ingredion and gave the company a “buy” rating in a research note on Sunday, October 29th. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $145.00 price objective (up from $140.00) on shares of Ingredion in a research note on Thursday, November 2nd. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $145.75.
Shares of Ingredion (INGR) traded down $2.02 during midday trading on Friday, hitting $135.96. The stock had a trading volume of 379,426 shares, compared to its average volume of 396,354. The firm has a market capitalization of $9,750.00, a PE ratio of 19.45, a P/E/G ratio of 1.49 and a beta of 0.72. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.53 and a current ratio of 2.41. Ingredion has a twelve month low of $113.07 and a twelve month high of $142.64.
Ingredion (NYSE:INGR) last announced its quarterly earnings data on Wednesday, November 1st. The company reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.17. The business had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.52 billion. Ingredion had a return on equity of 20.92% and a net margin of 8.73%. The company’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period last year, the firm earned $1.96 earnings per share. sell-side analysts expect that Ingredion will post 7.73 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 25th. Stockholders of record on Tuesday, January 2nd will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.77%. The ex-dividend date is Friday, December 29th. Ingredion’s payout ratio is currently 34.33%.
In other Ingredion news, SVP Jorgen Kokke sold 20,674 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $133.00, for a total value of $2,749,642.00. Following the sale, the senior vice president now directly owns 23,119 shares in the company, valued at $3,074,827. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.92% of the stock is owned by company insiders.
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Ingredion Company Profile
Ingredion Incorporated is an ingredients solutions provider. The Company manufactures and sells sweetener, starches, nutrition ingredients and biomaterial solutions derived from the wet milling and processing of corn and other starch-based materials to a range of industries, both domestically and internationally.
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