The stock of Ingredion Inc (INGR) has gone up by 3.29% for the week, with a 10.25% rise in the past month and a 10.11% rise in the past quarter. The volatility ratio for the week is 1.60%, and the volatility levels for the past 30 days are 2.29% for INGR. The simple moving average for the past 20 days is 1.21% for INGR’s stock, with a 18.17% simple moving average for the past 200 days.
Is It Worth Investing in Ingredion Inc (NYSE: INGR) Right Now?
The price-to-earnings ratio for Ingredion Inc (NYSE: INGR) is 14.35x, which is above its average ratio. Moreover, the 36-month beta value for INGR is 0.75. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 3 as “overweight,” 3 as “hold,” and 1 as “sell.”
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The public float for INGR is 64.57M and currently, short sellers hold a 0.87% of that float. On November 28, 2024, INGR’s average trading volume was 394.21K shares.
INGR) stock’s latest price update
The stock of Ingredion Inc (NYSE: INGR) has decreased by -1.19 when compared to last closing price of 148.80. Despite this, the company has experienced a 3.29% gain in its stock price over the last five trading sessions. zacks.com reported 2024-11-26 that ICAGY, DBX, and INGR it to the Zacks Rank #1 (Strong Buy) growth stocks list on November 26, 2024.
Analysts’ Opinion of INGR
Many brokerage firms have already submitted their reports for INGR stocks, with Barclays repeating the rating for INGR by listing it as a “Overweight.” The predicted price for INGR in the upcoming period, according to Barclays is $145 based on the research report published on August 09, 2024 of the current year 2024.
Goldman, on the other hand, stated in their research note that they expect to see INGR reach a price target of $135, previously predicting the price at $122. The rating they have provided for INGR stocks is “Buy” according to the report published on February 15th, 2024.
Oppenheimer gave a rating of “Outperform” to INGR, setting the target price at $120 in the report published on September 29th of the previous year.
INGR Trading at 5.68% from the 50-Day Moving Average
After a stumble in the market that brought INGR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.41% of loss for the given period.
Volatility was left at 2.29%, however, over the last 30 days, the volatility rate increased by 1.60%, as shares surge +10.02% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.35% upper at present.
During the last 5 trading sessions, INGR rose by +3.29%, which changed the moving average for the period of 200-days by +35.66% in comparison to the 20-day moving average, which settled at $145.27. In addition, Ingredion Inc saw 35.47% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at INGR starting from Fernandes Larry, who sale 6,122 shares at the price of $140.66 back on Nov 15 ’24. After this action, Fernandes Larry now owns 0 shares of Ingredion Inc, valued at $861,165 using the latest closing price.
Fernandes Larry, the SVP, Chief Comm & Sust Officer of Ingredion Inc, sale 4,700 shares at $153.41 during a trade that took place back on Nov 06 ’24, which means that Fernandes Larry is holding 29,034 shares at $721,027 based on the most recent closing price.
Stock Fundamentals for INGR
Current profitability levels for the company are sitting at:
- 0.14 for the present operating margin
- 0.25 for the gross margin
The net margin for Ingredion Inc stands at 0.09. The total capital return value is set at 0.17. Equity return is now at value 18.68, with 9.06 for asset returns.
Based on Ingredion Inc (INGR), the company’s capital structure generated 0.31 points at debt to capital in total, while cash flow to debt ratio is standing at 0.77. The debt to equity ratio resting at 0.46. The interest coverage ratio of the stock is 19.45.
Currently, EBITDA for the company is 1.17 billion with net debt to EBITDA at 0.78. When we switch over and look at the enterprise to sales, we see a ratio of 1.4. The receivables turnover for the company is 6.44for trailing twelve months and the total asset turnover is 1.0. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.67.
Conclusion
To wrap up, the performance of Ingredion Inc (INGR) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
