Ingredion (INGR) Receiving Positive Media Coverage, Study Finds

Media coverage about Ingredion (NYSE:INGR) has trended positive on Monday, according to Accern. The research firm ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ingredion earned a news sentiment score of 0.26 on Accern’s scale. Accern also assigned news articles about the company an impact score of 47.5548897828113 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

These are some of the news articles that may have effected Accern’s scoring:

Ingredion stock traded down $0.31 during trading on Monday, hitting $131.51. 166,972 shares of the stock were exchanged, compared to its average volume of 422,733. Ingredion has a 1 year low of $113.42 and a 1 year high of $146.28. The company has a market cap of $9,522.09, a P/E ratio of 18.60, a P/E/G ratio of 1.44 and a beta of 0.79. The company has a quick ratio of 1.66, a current ratio of 2.52 and a debt-to-equity ratio of 0.60.

Ingredion (NYSE:INGR) last released its earnings results on Thursday, February 1st. The company reported $1.73 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.74 by ($0.01). Ingredion had a net margin of 8.63% and a return on equity of 20.42%. The company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the prior year, the company earned $1.67 earnings per share. The firm’s revenue was up 24.2% on a year-over-year basis. research analysts expect that Ingredion will post 8.3 earnings per share for the current fiscal year.

A number of research firms have recently weighed in on INGR. Zacks Investment Research raised shares of Ingredion from a “hold” rating to a “buy” rating and set a $158.00 target price for the company in a research report on Wednesday, January 24th. Credit Suisse Group set a $156.00 target price on shares of Ingredion and gave the company a “buy” rating in a research report on Wednesday, January 10th. Finally, ValuEngine raised shares of Ingredion from a “hold” rating to a “buy” rating in a research report on Friday, March 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $146.00.

In related news, SVP Robert J. Stefansic sold 9,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $129.62, for a total value of $1,166,580.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Martin Sonntag sold 14,939 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $135.00, for a total transaction of $2,016,765.00. Following the completion of the transaction, the senior vice president now directly owns 9,875 shares of the company’s stock, valued at $1,333,125. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,541 shares of company stock valued at $5,424,781. 1.92% of the stock is owned by insiders.

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Ingredion Company Profile

Ingredion Incorporated, together with its subsidiaries, produces and sells starches and sweeteners for various industries. The company operates through four segments: North America, South America, Asia Pacific and Europe, and Middle East and Africa. It offers sweetener products comprising glucose syrups, high maltose syrups, high fructose corn syrups, caramel colors, dextrose, polyols, maltodextrins, glucose and syrup solids, as well as food-grade and industrial starches, and biomaterials.

Insider Buying and Selling by Quarter for Ingredion (NYSE:INGR)

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