Analysts See $2.02 EPS for Ingredion Incorporated (INGR)

October 14, 2018 - By Darrin Black

Ingredion Incorporated (NYSE:INGR) LogoInvestors sentiment increased to 1.07 in 2018 Q2. Its up 0.06, from 1.01 in 2018Q1. It is positive, as 39 investors sold Ingredion Incorporated shares while 138 reduced holdings. 48 funds opened positions while 141 raised stakes. 58.43 million shares or 2.33% less from 59.83 million shares in 2018Q1 were reported.
Brinker Cap reported 13,028 shares stake. Gamco Invsts Inc Et Al holds 0.05% or 69,880 shares. 13,196 were reported by Van Eck Assoc Corp. Raymond James & has invested 0.01% in Ingredion Incorporated (NYSE:INGR). Tarbox Family Office, California-based fund reported 2,640 shares. Tiaa Cref Invest Limited Liability stated it has 0.01% in Ingredion Incorporated (NYSE:INGR). 11,542 were reported by Indexiq Advsrs Llc. Vanguard Grp Inc reported 0.03% of its portfolio in Ingredion Incorporated (NYSE:INGR). Guggenheim Capital Lc stated it has 215,498 shares or 0.16% of all its holdings. Oakbrook Invs Ltd Liability has invested 0.04% of its portfolio in Ingredion Incorporated (NYSE:INGR). Commonwealth Bank Of owns 6,316 shares for 0.01% of their portfolio. 26,600 were reported by State Treasurer State Of Michigan. Fisher Asset Management Ltd reported 696,390 shares. Thrivent Finance For Lutherans holds 0.01% or 16,460 shares in its portfolio. Perigon Wealth Mgmt Limited Liability Company owns 0.11% invested in Ingredion Incorporated (NYSE:INGR) for 2,185 shares.

Analysts expect Ingredion Incorporated (NYSE:INGR) to report $2.02 EPS on November, 7.They anticipate $0.19 EPS change or 8.60 % from last quarter’s $2.21 EPS. INGR’s profit would be $143.47M giving it 12.47 P/E if the $2.02 EPS is correct. After having $1.66 EPS previously, Ingredion Incorporated’s analysts see 21.69 % EPS growth. The stock increased 0.74% or $0.74 during the last trading session, reaching $100.74. About 397,962 shares traded. Ingredion Incorporated (NYSE:INGR) has declined 17.33% since October 14, 2017 and is downtrending. It has underperformed by 32.95% the S&P500.

Ingredion Incorporated (NYSE:INGR) Ratings Coverage

Among 5 analysts covering Ingredion (NYSE:INGR), 1 have Buy rating, 1 Sell and 3 Hold. Therefore 20% are positive. Ingredion had 7 analyst reports since May 4, 2018 according to SRatingsIntel. The rating was downgraded by Citigroup on Friday, July 13 to “Sell”. As per Friday, June 22, the company rating was downgraded by Stephens. The firm has “Outperform” rating given on Friday, May 4 by Credit Suisse. The rating was maintained by BMO Capital Markets with “Market Perform” on Friday, May 4. The stock of Ingredion Incorporated (NYSE:INGR) has “Neutral” rating given on Wednesday, July 18 by Credit Suisse. On Wednesday, June 27 the stock rating was upgraded by Vertical Group to “Buy”. As per Friday, May 4, the company rating was downgraded by Citigroup.

Ingredion Incorporated, together with its subsidiaries, produces and sells starches and sweeteners for various industries. The company has market cap of $7.16 billion. The firm operates through four divisions: North America, South America, Asia Pacific and Europe, and Middle East and Africa. It has a 14.25 P/E ratio. It offers sweetener products comprising glucose syrups, high maltose syrups, high fructose corn syrups, caramel colors, dextrose, polyols, maltodextrins and glucose, and syrup solids, as well as food-grade and industrial starches, and biomaterials.

Another recent and important Ingredion Incorporated (NYSE:INGR) news was published by Twst.com which published an article titled: “Ingredion Incorporated: INGREDION TO RELEASE 2018 THIRD-QUARTER FINANCIAL RESULTS AND HOLD …” on October 07, 2018.

Ingredion Incorporated (NYSE:INGR) Institutional Positions Chart

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