Jefferies: “Time To Buy Ingredion (NYSE:INGR)”


How Jefferies Currently Rates Ingredion (NYSE:INGR)

Jefferies started coverage on Ingredion (NYSE:INGR) shares recently in a comprehensive report sent to clients and investors on 16 December. The equities firm has decided to place a Buy rating on INGR stock.

From a total of 5 analysts covering Ingredion Inc (NYSE:INGR) stock, 2 rate it a ”Buy”, 1 a “Sell”, and 3 a ”Hold”. This means that 33% of the ratings are positive. The highest target price is $107 while the lowest target price is $81. The mean of all analyst targets is $95.6 with a -5.43% below today’s ($97.81) stock price. Ingredion Inc was the topic of 3 analyst reports since August 3, 2015 according to the firm StockzIntelligence Inc. BMO Capital Markets maintained shares on October 30 with “Market Perform” rating.

Approximately 97,185 shares of stock traded hands. Ingredion Inc (NYSE:INGR) has risen 20.19% since May 13, 2015 and is uptrending. It has outperformed by 22.82% the S&P500.

The overall sentiment of institutions has decreased to 1 in Q2 2015. Its down 0.15, from 1.15 in 2015Q2. The ratio dropped, as 38 institutions have sold all the shares of Ingredion Inc that they owned while 126 funds have taken shares off the table. 38 funds have purchased shares for the first time while 126 added to their positions. These institutions now hold 63.21 million shares or 1.91% more than the 62.02 million shares they owned in 2015Q2.

The Fund Snyder Capital Management L P currently is holding shares equating to 5.57% of its total portfolio in Ingredion Inc representing a total of 983,864 shares. Another fund,Washington State Investment Board, is holding a total of 37,261 shares equating to 5.16% of their holdings. Additionally, Eclectica Asset Management Llp has a 7,200 share stake in Ingredion Inc which represents 3.67% of their total portfolio. The Fund, Managed Asset Portfolios Llc, based out of Michigan, has also built up a stake in the stock, which represents a total of 3.67% of their total portfolio. Finally Check Capital Management Inc Ca, a fund which is based in the state of California reported a total holdings of 324,728 shares.

Ingredion Incorporated is a manufacturer and supplier of starch and sweetener ingredients to a range of industries, including packaged food, beverage, brewing, industrial, pharmaceutical and personal care customers. The company has a market cap of $6.87 billion. The Firm operates in four business divisions: North America, South America, Asia Pacific and EMEA. It has 19.81 P/E ratio. North America segment consists of activities in the United States, Canada and Mexico and produces a range of both sweeteners and starches.

According to Zacks Investment Research, “Ingredion Incorporated is an ingredients solutions provider specializing in nature-based sweeteners, starches and nutrition ingredients. The Company serves diverse sectors in food, beverage, brewing, pharmaceuticals and other industries. Its sweetener products include dextrose, glucose, polyols, HFCS and Maltodextrin. The Company’s nutrition solutions include prebiotic fibers, resistant starch, soluble fibers and Inulin fibers. Its starch-based products include both industrial and food-grade starches. Ingredion Incorporated, formerly known as Corn Products International, Inc., is headquartered in Chicago.”