Media headlines about Ingredion (NYSE:INGR) have trended somewhat positive this week, Accern reports. Accern rates the sentiment of news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ingredion earned a news impact score of 0.21 on Accern’s scale. Accern also assigned news articles about the company an impact score of 46.8003600652347 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
Ingredion (INGR) opened at $143.64 on Thursday. The company has a market cap of $10,276.69, a price-to-earnings ratio of 18.69, a PEG ratio of 1.54 and a beta of 0.72. Ingredion has a fifty-two week low of $113.07 and a fifty-two week high of $146.28. 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 (NYSE:INGR) last issued its quarterly earnings data on Wednesday, November 1st. The company reported $2.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.04 by $0.17. Ingredion had a net margin of 8.73% and a return on equity of 20.92%. The firm had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same period in the prior year, the company posted $1.96 earnings per share. Ingredion’s revenue for the quarter was down .3% on a year-over-year basis. sell-side analysts predict that Ingredion will post 7.73 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, January 25th. Shareholders of record on Tuesday, January 2nd were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date was Friday, December 29th. Ingredion’s dividend payout ratio (DPR) is 34.38%.
A number of research firms have weighed in on INGR. Zacks Investment Research upgraded Ingredion from a “hold” rating to a “buy” rating and set a $157.00 target price for the company in a research report on Wednesday, January 10th. Stephens upgraded Ingredion from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, November 15th. Jefferies Group set a $145.00 target price on Ingredion and gave the stock a “buy” rating in a research report on Sunday, October 29th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $145.00 price target (up previously from $140.00) on shares of Ingredion in a report on Thursday, November 2nd. Finally, BidaskClub raised Ingredion from a “sell” rating to a “hold” rating in a report on Friday, October 6th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $146.00.
In other Ingredion news, SVP Jorgen Kokke sold 20,674 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $133.00, for a total transaction of $2,749,642.00. Following the completion of 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.92% of the stock is owned by corporate insiders.
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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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