Ingredion (INGR) Hits New Lifetime High Today - TheStreet

Trade-Ideas LLC identified

Ingredion

(

INGR

) 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 $35.6 million.
  • INGR has traded 14,190 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 18. Currently there are no analysts that rate Ingredion a buy, no analysts rate it a sell, and 1 rates it a hold.

The average volume for Ingredion has been 483,600 shares per day over the past 30 days. Ingredion has a market cap of $6.6 billion and is part of the consumer goods sector and food & beverage industry. The stock has a beta of 0.89 and a short float of 2.4% with 4.59 days to cover. Shares are up 8.5% year-to-date as of the close of trading on Tuesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Ingredion as a

buy

. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, attractive valuation levels, good cash flow from operations and notable return on equity. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

Highlights from the ratings report include:

  • Investors have apparently begun to recognize positive factors similar to those we have mentioned in this report, including earnings growth. This has helped drive up the company's shares by a sharp 25.13% over the past year, a rise that has exceeded that of the S&P 500 Index. Regarding the stock's future course, although almost any stock can fall in a broad market decline, INGR should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Food Products industry. The net income increased by 3.9% when compared to the same quarter one year prior, going from $102.60 million to $106.60 million.
  • Net operating cash flow has significantly increased by 65.74% to $179.00 million when compared to the same quarter last year. In addition, INGREDION INC has also vastly surpassed the industry average cash flow growth rate of 4.30%.
  • The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. Compared to other companies in the Food Products industry and the overall market on the basis of return on equity, INGREDION INC has underperformed in comparison with the industry average, but has exceeded that of the S&P 500.

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