Ingredion Inc (NYSE: INGR) has recently enjoyed extremely important positive changes in investment behavior: positive upside/downside volume developed, its shorter term price trend turned up, and the stock rose on very heavy volume.
Small positive changes in fundamentals have recently occurred for Ingredion Inc (NYSE: INGR): significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
INGR’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Ingredion has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Ingredion has a neutral Appreciation Score of 52 and a slightly positive Power Rating of 67, producing the High Neutral Value Trend Rating.
Recent Price Action
Ingredion Inc (NYSE: INGR) stock rose modestly by 0.8% on 6/21/24. The stock closed at $115.50. Moreover, trading volume in this advance was exceptionally high at 617% of normal. The stock has been strong relative to the market over the last nine months and is unchanged during the last week.
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