Ingredion Incorporated (NYSE:INGR) Relative Strength Index (RSI) is 51.15, with weekly volatility at 1.39% and ATR at 1.63. The INGR stock’s 52-week price range has touched low of $68.71 and a $98.05 high. Intraday shares traded counted 0.48 million, which was -22.44% lower than its 30-day average trading volume of 394.61K. Its shares traded lower over the last trading session, losing -0.77% on 05/27/21. The shares fell to a low of $94.70 before closing at $94.75. INGR’s previous close was $95.49 while the outstanding shares total 67.30M. The firm has a beta of 0.83, a 12-month trailing P/E ratio of 247.39, and a growth ratio of 130.20.
Investors have identified the Packaged Foods company Ingredion Incorporated as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $6.32 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Ingredion Incorporated (INGR) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For INGR, the company has in raw cash 576.0 million on their books with 448.0 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 2.61 billion total, with 1.38 billion as their total liabilities.
INGR were able to record -41.0 million as free cash flow during the 08/05/2021 quarter of the year, this saw their quarterly net cash flow reduce by -89.0 million. In cash movements, the company had a total of 22.0 million as operating cash flow.
Potential earnings growth for Ingredion Incorporated (INGR)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/05/2021 quarter of the year, Ingredion Incorporated recorded a total of 1.61 billion in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 4.4% coming in sequential stages and their sales for the 08/05/2021 quarter increasing by 1.3%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 1.26 billion trying to sell their products during the last quarter, with the result yielding a gross income of 351.0 million. This allows shareholders to hold on to 67.30M with the recently reported earning now reading -3.61 cents per share. This is a figure that compared to analyst’s prediction for their 08/05/2021 (1.85 cents a share).
Having a look at the company’s valuation, the company is expected to record 6.97 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on INGR sounds very interesting.
Is the stock of INGR attractive?
In related news, SVP, Chief Comm & Sust Officer, Fernandes Larry sold 750 shares of the company’s stock in a transaction that recorded on May 07. The sale was performed at an average price of 95.00, for a total value of 71,250. As the sale deal closes, the Sr. VP and Pres, APAC, Bastos-Licht Valdirene now sold 1 shares of the company’s stock, valued at 56. Also, SVP, Chief Comm & Sust Officer, Fernandes Larry sold 750 shares of the company’s stock in a deal that was recorded on Feb 24. The shares were price at an average price of 92.00 per share, with a total market value of 69,000. Following this completion of acquisition, the SVP, Sust & Chief Comm Officer, Fernandes Larry now holds 750 shares of the company’s stock, valued at 66,000. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.70%.
0 out of 6 analysts covering the stock have rated it a Buy, while 5 have maintained a Hold recommendation on Ingredion Incorporated. 0 analysts has assigned a Sell rating on the INGR stock. The 12-month mean consensus price target for the company’s shares has been set at $92.00.