Last Updated: 12 Nov 2024
Executive Summary
Ingredion Incorporated (INGR) is a leading producer of starches and sweeteners, with a market capitalization of $9.87 billion. The company has a strong financial position, with an EBITDA of $1.17 billion and a profit margin of 9.05%. Ingredion's stock is currently trading at $149.68, near its 52-week high of $155.44. Analysts have a positive outlook on the stock, with a consensus target price of $164.50.
Company Overview
Ingredion Incorporated is headquartered in Westchester, Illinois, and has operations in over 40 countries. The company's products are used in a wide range of industries, including food, beverage, paper, and textiles. Ingredion has a strong global presence, with manufacturing facilities in North America, South America, Europe, and Asia.
Fundamental Analysis
Ingredion's financial performance has been strong in recent years. The company's revenue has grown by an average of 3% per year over the past five years, and its earnings per share have grown by an average of 10% per year. Ingredion has a strong balance sheet, with a debt-to-equity ratio of 0.50 and a current ratio of 1.50.
Technical Analysis
Ingredion's stock price has been in a bullish trend since early 2023. The stock is currently trading above its 50-day and 200-day moving averages, and the RSI indicator is in overbought territory. This suggests that the stock is likely to continue to rise in the short term.
Short Term Outlook
The short-term outlook for Ingredion's stock is positive. The stock is trading near its 52-week high and is supported by strong technical indicators. Analysts have a consensus target price of $164.50, which suggests that the stock has the potential to gain more than 10% in the next 12 months.
Long Term Outlook
The long-term outlook for Ingredion's stock is also positive. The company has a strong global presence and a wide range of products. The demand for starches and sweeteners is expected to grow in the coming years, as the population grows and the demand for processed foods increases. This should lead to continued growth for Ingredion's revenue and earnings.
Analyst Recommendations
Analysts have a positive outlook on Ingredion's stock. The consensus target price is $164.50, and the majority of analysts recommend buying the stock.
