Barclays Keeps Their Hold Rating on Ingredion (INGR)

In a report released today, Benjamin Theurer from Barclays maintained a Hold rating on Ingredion (INGR – Research Report), with a price target of $122.00. The company’s shares closed yesterday at $118.45.

According to TipRanks, Theurer is a 4-star analyst with an average return of 5.4% and a 54.73% success rate. Theurer covers the Consumer Defensive sector, focusing on stocks such as Coca Cola Femsa SAB De CV, Beyond Meat, and Pilgrim’s Pride.

Currently, the analyst consensus on Ingredion is a Moderate Buy with an average price target of $130.00.

INGR market cap is currently $7.77B and has a P/E ratio of 11.87.

Based on the recent corporate insider activity of 119 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of INGR in relation to earlier this year. Most recently, in March 2024, Davida Marie Gable, the VP, Controller & Global SS of INGR sold 1,968.00 shares for a total of $230,984.16.

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Ingredion (INGR) Company Description:

Ingredion, Inc. manufactures and sells sweetener, starches, nutrition ingredients, and biomaterial solutions derived from the wet milling and processing of corn and other starch based materials. Its activities include turning corn, tapioca, potatoes and other vegetables and fruits into value added ingredients and biomaterials for the food, beverage, paper and corrugating, brewing, and other industries. The company was founded in 1906 and is headquartered in Westchester, IL.