New Lifetime High For Ingredion (INGR)
Trade-Ideas LLC identified
(
) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Ingredion as such a stock due to the following factors:
- INGR has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $43.7 million.
- INGR has traded 147,699 shares today.
- INGR is trading at a new lifetime high.
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More details on INGR:
Ingredion Incorporated, together with its subsidiaries, manufactures and sells starches and sweeteners to various industries. The stock currently has a dividend yield of 1.9%. INGR has a PE ratio of 45. Currently there are no analysts that rate Ingredion a buy, no analysts rate it a sell, and 2 rate it a hold.
The average volume for Ingredion has been 483,900 shares per day over the past 30 days. Ingredion has a market cap of $6.9 billion and is part of the consumer goods sector and food & beverage industry. The stock has a beta of 1.03 and a short float of 2.4% with 3.85 days to cover. Shares are up 14% year-to-date as of the close of trading on Monday.
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Analysis:
rates Ingredion as a
. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, good cash flow from operations and solid stock price performance. We feel its strengths outweigh the fact that the company has had sub par growth in net income.
Highlights from the ratings report include:
- Net operating cash flow has remained constant at $233.00 million with no significant change when compared to the same quarter last year. Along with maintaining stable cash flow from operations, the firm exceeded the industry average cash flow growth rate of -33.08%.
- Looking at where the stock is today compared to one year ago, we find that it is not only higher, but it has also clearly outperformed the rise in the S&P 500 over the same period, despite the company's weak earnings results. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
- INGREDION INC's earnings per share declined by 7.5% in the most recent quarter compared to the same quarter a year ago. The company has suffered a declining pattern of earnings per share over the past year. However, we anticipate this trend reversing over the coming year. During the past fiscal year, INGREDION INC reported lower earnings of $4.74 versus $5.06 in the prior year. This year, the market expects an improvement in earnings ($5.85 versus $4.74).
- INGR, with its decline in revenue, slightly underperformed the industry average of 3.3%. Since the same quarter one year prior, revenues slightly dropped by 1.3%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
- You can view the full Ingredion Ratings Report.
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