Ingredion Incorporated with ticker code (INGR) now have 6 market analysts covering the stock. The analyst consensus now points to a rating of ‘buy’. The target price High/Low ranges between $136.00 and $115.00 with the average share target price sitting at $124.17. (at the time of writing). Given that the stocks previous close was at $110.68 this is indicating there is a potential upside of 12.2%. Also worth taking note is the 50 day moving average now sits at $107.86 and the 200 moving average now moves to $104.19. The company has a market cap of 7.14B. The stock price for the company is currently $109.46 USD
The potential market cap would be $8,005,723,674 based on the market consensus.
The company is not paying dividends at this time.
Other points of data to note are a P/E ratio of 11.4, revenue per share of $123.64 and a 7.96% return on assets.
Ingredion Incorporated is a global ingredients solutions provider that transforms corn, tapioca, potatoes, stevia, grains, fruits and vegetables into value-added ingredients and biomaterials for the food, beverage, brewing and other industries. It operates through four segments: North America, South America, Asia-Pacific, and Europe, Middle East and Africa (EMEA). It develops, produces, and sells a variety of food and beverage ingredients, primarily starches and sweeteners, for various industries. Its product lines include starches and sweeteners, animal feed products and edible corn oil. Its starch-based products include both food-grade and industrial starches, as well as biomaterials. Its sweetener products include glucose syrups, high maltose syrups, high fructose corn syrup, caramel color, dextrose, polyols, maltodextrins, and glucose and syrup solids. Its products are derived primarily from the processing of corn and other starch-based materials, such as tapioca, potato and rice.
