Ingredion Incorporated with ticker code (INGR) now have 6 confirmed analysts covering the stock with the consensus suggesting a rating of ‘buy’. The range between the high target price and low target price is between 132 and 113 suggesting an average Analsyt target price of $121.67. Given that the stocks previous close was at $91.96 this would indicate that there is a potential upside of 32.3%. It’s also worth noting that there is a 50 day moving average of $97.73 while the 200 day moving average is $102.52. The market cap for the company is 6.13B. The stock price for the company is currently 92.64 USD
The potential market cap would be $8,106,808,656 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 10.81, revenue per share of 124.49 and a 7.33% 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.
