Yahoo Finance What Analysts Say about Ingredion ahead of Its 1Q16 Earnings
Ingredion's 1Q16 Results Are Almost Here: A Strong Start to 2016?
Analyst recommendations
As of April 20, 2016, Ingredion (INGR) was trading at $106.58. Nearly 58% of analysts currently rate INGR as a “hold,” whereas around 17% rate it as a “buy,” and 25% give it a “sell.”
Target prices
The average broker target price for INGR now is $106.16. This price is 0.39% lower than the stock’s closing price of $106.58 on April 20. By comparison, Campbell Soup (CPB), Kellogg (K), and General Mills (GIS) have average broker target prices of $61.07, $77.8, and $59.5, respectively. These figures imply returns of ~0.5%, 1.4%, -.3.3%, respectively, over the next 12 months.
Notably, Kellogg is a component of the PowerShares S&P 500 High Dividend Low Volatility Portfolio (SPHD) and the PowerShares S&P 500 Low Volatility Portfolio (SPLV).
Ingredion’s individual recommendations
Specifically, Jefferies, Credit Suisse, and Stephens all gave Ingredion the high target price of $115, which is ~8% higher than the stock’s closing price of $106.16 on April 20, 2016. Each agency has rated the stock a “strong buy.”
By contrast, BMO Capital Markets gave INGR a price target of $100, which is 6% lower than the stock’s closing price on April 20. BMO Capital Markets have rated the stock as a “hold.”
But Goldman Sachs has assigned Ingredion the low target price of $85— nearly 20% lower than the stock’s closing price of $106.58 on April 20—and has rated INGR as a “strong sell.” BB&T Capital Markets and Morningstar didn’t provide target prices, though they have both rated Ingredion a “hold.”
In the next and final part, we’ll analyze moving averages.
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