For its first fiscal quarter (ending March 31), Ingredion Inc (NYSE: INGR) has reported a 14% increase in E.P.S. from $2.89 a year ago to $3.29 in the current quarter. This result exceeded the consensus estimate of $2.33 by $0.96. E.P.S. were $10.14 for the latest four quarters through March 31 versus $8.37 for the same period a year ago — an increase of 21%.
Recent Price Action
On 5/8/24, Ingredion Inc (NYSE: INGR) stock increased 1.6%, closing at $118.45. Moreover, this advance was accompanied by exceptionally high trading volume at 212% of normal. Relative to the market the stock has been strong over the last nine months and has risen 3.4% during the last week.
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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Ingredion has a neutral Appreciation Score of 52 and a slightly positive Power Rating of 69, and the High Neutral Value Trend Rating results.
Rating Review
In light of this encouraging new earnings information and positive market action 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.
Be the first to comment