Press coverage about Ingredion (NYSE:INGR) has trended somewhat positive on Tuesday, according to Accern. Accern rates the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ingredion earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave news stories about the company an impact score of 47.2354727447586 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news stories that may have effected Accern’s analysis:
A number of equities analysts recently weighed in on INGR shares. Zacks Investment Research upgraded shares of Ingredion from a “hold” rating to a “buy” rating and set a $157.00 target price on the stock in a report on Wednesday, January 10th. Stephens raised shares of Ingredion from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, November 15th. Jefferies Group set a $145.00 price objective on shares of Ingredion and gave the stock a “buy” rating in a research report on Sunday, October 29th. Credit Suisse Group reaffirmed an “outperform” rating and set a $145.00 price objective (up from $140.00) on shares of Ingredion in a research report on Thursday, November 2nd. Finally, BidaskClub raised shares of Ingredion from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. Ingredion currently has a consensus rating of “Hold” and an average price target of $146.00.
Shares of Ingredion (INGR) traded down $1.03 during trading on Tuesday, hitting $128.44. 85,374 shares of the stock were exchanged, compared to its average volume of 449,098. Ingredion has a 52 week low of $113.42 and a 52 week high of $146.28. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.66 and a current ratio of 2.52. The company has a market capitalization of $9,198.00, a PE ratio of 18.31, a PEG ratio of 1.40 and a beta of 0.71.
Ingredion (NYSE:INGR) last posted its quarterly earnings data on Thursday, February 1st. The company reported $1.73 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.74 by ($0.01). Ingredion had a return on equity of 20.42% and a net margin of 8.63%. The firm had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the prior year, the company earned $1.67 EPS. The company’s revenue for the quarter was up 24.2% compared to the same quarter last year. equities analysts anticipate that Ingredion will post 8.3 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 25th. Investors of record on Tuesday, January 2nd were given a dividend of $0.60 per share. The ex-dividend date was Friday, December 29th. This represents a $2.40 annualized dividend and a yield of 1.87%. Ingredion’s dividend payout ratio is 33.95%.
In other Ingredion news, SVP Jorgen Kokke sold 20,674 shares of the business’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $133.00, for a total transaction of $2,749,642.00. Following the completion of the transaction, the senior vice president now owns 23,119 shares of the company’s stock, valued at $3,074,827. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Martin Sonntag sold 14,939 shares of the business’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $135.00, for a total value of $2,016,765.00. Following the transaction, the senior vice president now directly owns 9,875 shares of the company’s stock, valued at approximately $1,333,125. The disclosure for this sale can be found here. Insiders have sold 52,215 shares of company stock valued at $7,007,843 in the last ninety days. 1.92% of the stock is currently owned by company 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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