Analysts See $2.02 EPS for Ingredion Incorporated (INGR)

October 14, 2018 - By Hazel Jackson

Ingredion Incorporated (NYSE:INGR) LogoInvestors sentiment increased to 1.07 in Q2 2018. Its up 0.06, from 1.01 in 2018Q1. It increased, 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.
Assetmark accumulated 368 shares. Moreover, British Columbia Inv Mgmt Corporation has 0.03% invested in Ingredion Incorporated (NYSE:INGR). Principal Fincl Group owns 0.1% invested in Ingredion Incorporated (NYSE:INGR) for 974,792 shares. Shelton Capital reported 5,080 shares stake. Howe And Rusling reported 46 shares. Los Angeles Capital Mngmt & Equity Research holds 0.01% of its portfolio in Ingredion Incorporated (NYSE:INGR) for 8,335 shares. Huntington State Bank holds 0% or 1,784 shares in its portfolio. Kbc Gp Inc Nv has 0.04% invested in Ingredion Incorporated (NYSE:INGR). Voya Investment Mngmt Limited Company stated it has 87,833 shares or 0.02% of all its holdings. Van Eck Associate reported 13,196 shares. Mcf Advisors Ltd Liability Corporation holds 400 shares. Silvercrest Asset Management Ltd Liability Corporation holds 355,327 shares or 0.37% of its portfolio. Dimensional Fund Advsrs Limited Partnership stated it has 942,477 shares or 0.04% of all its holdings. Sumitomo Mitsui Asset Communication Limited invested in 4,662 shares or 0.01% of the stock. Jpmorgan Chase & Com has invested 0.01% of its portfolio in Ingredion Incorporated (NYSE:INGR).

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. BMO Capital Markets maintained it with “Market Perform” rating and $115 target in Friday, May 4 report. The rating was maintained by Credit Suisse on Friday, May 4 with “Outperform”. The company was downgraded on Friday, July 13 by Citigroup. The firm has “Equal-Weight” rating by Stephens given on Friday, June 22. As per Friday, May 4, the company rating was downgraded by Citigroup. Vertical Group upgraded the shares of INGR in report on Wednesday, June 27 to “Buy” rating. The firm has “Neutral” rating by Credit Suisse given on Wednesday, July 18.

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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