Ingredion Inc (NYSE: INGR) has reported E.P.S. of $2.39 for its third fiscal quarter (ending September 30) versus $1.61 for the same period a year ago — an increase of 48%. Relative to the consensus estimate of $1.95, this was a premium of $0.44. For the latest four quarters through September 30, E.P.S. were $9.48 compared to $6.69 a year ago — an increase of 42%.
Recent Price Action
Ingredion Inc (NYSE: INGR) stock closed at $101.83 on 11/7/23 after a very large increase of 6.5%. The stock has performed in line with the market over the last nine months and has risen 8.9% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, INGR is expected to continue to be an important Value Builder.
Ingredion has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Ingredion has a neutral Appreciation Score of 53 and a neutral Power Rating of 50, with the Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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