Ingredion (INGR) Hits New Lifetime High

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 $96.8 million.
  • INGR has traded 7,498 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 company operates through four segments: North America, South America, Asia Pacific and Europe, and Middle East and Africa. The stock currently has a dividend yield of 1.4%. INGR has a PE ratio of 2. Currently there is 1 analyst that rates Ingredion a buy, no analysts rate it a sell, and 2 rate it a hold.

The average volume for Ingredion has been 658,200 shares per day over the past 30 days. Ingredion has a market cap of $8.9 billion and is part of the consumer goods sector and food & beverage industry. The stock has a beta of 0.88 and a short float of 3% with 2.87 days to cover. Shares are up 29% year-to-date as of the close of trading on Wednesday.

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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 revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, reasonable valuation levels and good cash flow from operations. We feel its strengths outweigh the fact that the company shows low profit margins.

Highlights from the ratings report include:
  • INGR's revenue growth trails the industry average of 16.6%. Since the same quarter one year prior, revenues slightly increased by 1.7%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • The debt-to-equity ratio is somewhat low, currently at 0.82, and is less than that of the industry average, implying that there has been a relatively successful effort in the management of debt levels. To add to this, INGR has a quick ratio of 1.85, which demonstrates the ability of the company to cover short-term liquidity needs.
  • 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, INGREDION INC's return on equity exceeds that of both the industry average and the S&P 500.
  • Powered by its strong earnings growth of 50.43% and other important driving factors, this stock has surged by 52.08% over the past year, outperforming the rise in the S&P 500 Index during the same period. 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.

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