For its second fiscal quarter (ending June 30), Ingredion Inc (NYSE: INGR) has reported a -9% decline in E.P.S. from $2.46 a year ago to $2.25 in the current quarter. This performance was $-0.24 short of the consensus estimate of $2.49. E.P.S. were $9.93 for the latest four quarters through June 30 versus $8.69 for the same period a year ago — an increase of 14%.
Recent Price Action
Ingredion Inc (NYSE: INGR) stock enjoyed a very large increase of 6.6% on 8/6/24. The shares closed at $127.95. Moreover, this advance was accompanied by above average trading volume at 146% of normal. The stock has been strong relative to the market over the last nine months and has risen 5.4% 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 (Neutral). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Ingredion has a neutral Appreciation Score of 49 and a neutral Power Rating of 59, and the Neutral Value Trend Rating results.
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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