ValuEngine Downgrades Ingredion (INGR) to Hold

Ingredion (NYSE:INGR) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a report released on Friday.

Several other equities analysts also recently weighed in on INGR. Zacks Investment Research upgraded shares of Ingredion from a “sell” rating to a “hold” rating in a research note on Thursday. Credit Suisse Group set a $156.00 target price on shares of Ingredion and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $146.00.

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Shares of INGR stock opened at $126.89 on Friday. The stock has a market capitalization of $9,287.33, a price-to-earnings ratio of 16.48, a P/E/G ratio of 1.41 and a beta of 0.75. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.66 and a current ratio of 2.52. Ingredion has a 52 week low of $113.42 and a 52 week high of $146.28.

Ingredion (NYSE:INGR) last announced its quarterly earnings data on Thursday, February 1st. The company reported $1.73 EPS for the quarter, missing the consensus estimate of $1.74 by ($0.01). The company had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.43 billion. Ingredion had a return on equity of 20.42% and a net margin of 8.63%. The business’s revenue was up 24.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.67 EPS. research analysts predict that Ingredion will post 8.3 earnings per share for the current year.

In related news, SVP Robert J. Stefansic sold 9,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $129.62, for a total transaction of $1,166,580.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Martin Sonntag sold 14,939 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $135.00, for a total transaction 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. In the last ninety days, insiders have sold 40,541 shares of company stock valued at $5,424,781. 1.92% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the stock. SeaCrest Wealth Management LLC purchased a new position in Ingredion during the fourth quarter valued at approximately $114,000. Focused Wealth Management Inc purchased a new position in Ingredion during the fourth quarter valued at approximately $140,000. Meeder Asset Management Inc. grew its stake in Ingredion by 146.4% during the fourth quarter. Meeder Asset Management Inc. now owns 1,109 shares of the company’s stock valued at $155,000 after acquiring an additional 659 shares in the last quarter. Steward Partners Investment Advisory LLC grew its stake in Ingredion by 66.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,249 shares of the company’s stock valued at $174,000 after acquiring an additional 500 shares in the last quarter. Finally, Wilbanks Smith & Thomas Asset Management LLC purchased a new position in Ingredion during the fourth quarter valued at approximately $201,000. 86.52% of the stock is owned by institutional investors.

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Ingredion Company Profile

Ingredion Incorporated, together with its subsidiaries, produces and sells starches and sweeteners for various industries. The company operates through four segments: North America, South America, Asia Pacific and Europe, and Middle East and Africa. It offers sweetener products comprising glucose syrups, high maltose syrups, high fructose corn syrups, caramel colors, dextrose, polyols, maltodextrins, glucose and syrup solids, as well as food-grade and industrial starches, and biomaterials.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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