As of July 15, 2016, Ingredion (INGR) was trading at $130.90. Analyst recommendations remained the same with an update in its target price since its 1Q16 earnings results. Nearly 50% of analysts still rate Ingredion a “buy.” Around 38% rate it a “hold,” and 12% rate it a “sell.”
The average broker target price for Ingredion has increased 5%, from $119 to $125.17. The stock already beat estimates by 6% as of July 15, 2016, closing at $132.84.
In comparison, target prices and return potential for its peers are as follows:
- Kellogg (K): target price of $78.20; beat estimates by 10%
- Archer-Daniels Midland (ADM): target price of $43.11; beat estimates by 2%
- General Mills (GIS): target price of $69; beat estimates by 4%
Ingredion’s individual recommendations
On the higher side, Jefferies has given Ingredion a target price of $147. That implies a return potential of 11% compared to its current trading price. Jefferies rates the stock a “strong buy.”
Ingredion is currently trading at 2% higher than the target price of $130 given by Stephens and Credit Suisse. Both firms rate the stock a “strong buy.”
On the lower side, Goldman Sachs has given Ingredion a target price of $94. That’s nearly 29% lower than the stock’s closing price of $132.84 on July 15, 2016. It rated Ingredion a “strong sell.”
BB&T Capital Markets and Morningstar didn’t provide target prices. They both rated Ingredion a “hold.”
In the next part, we’ll analyze Ingredion’s moving averages.