Ingredion Incorporated (INGR)
NYSE: INGR · IEX Real-Time Price · USD
119.03
-0.74 (-0.62%)
At close: Jul 19, 2024, 4:00 PM
119.16
+0.13 (0.11%)
After-hours: Jul 20, 2024, 12:57 PM EDT
Ingredion Stock Forecast
Stock Price Forecast
The 6 analysts with 12-month price forecasts for Ingredion stock have an average target of 127.17, with a low estimate of 120 and a high estimate of 136. The average target predicts an increase of 6.84% from the current stock price of 119.03.
Analyst Consensus: Buy
* Price targets were last updated on May 9, 2024.
Analyst Ratings
The average analyst rating for Ingredion stock from 6 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Hold | 2 | 2 | 2 | 2 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6 | 6 | 6 | 6 | 6 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| BMO Capital | BMO Capital | Hold Maintains $117 → $120 | Hold | Maintains | $117 → $120 | +0.81% | May 9, 2024 |
| Barclays | Barclays | Hold Maintains $115 → $122 | Hold | Maintains | $115 → $122 | +2.50% | Mar 6, 2024 |
| Goldman Sachs | Goldman Sachs | Strong Buy Maintains $122 → $135 | Strong Buy | Maintains | $122 → $135 | +13.42% | Feb 16, 2024 |
| Goldman Sachs | Goldman Sachs | Hold → Strong Buy Upgrades $122 → $135 | Hold → Strong Buy | Upgrades | $122 → $135 | +13.42% | Feb 15, 2024 |
| Stephens & Co. | Stephens & Co. | Buy Reiterates $130 | Buy | Reiterates | $130 | +9.22% | Feb 7, 2024 |
Financial Forecast
Revenue This Year
8.05B
from 8.16B
Decreased by -1.31%
Revenue Next Year
8.26B
from 8.05B
Increased by 2.61%
EPS This Year
9.81
from 9.60
Increased by 2.23%
EPS Next Year
10.52
from 9.81
Increased by 7.22%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 8.4B | 8.6B | 8.8B | 8.9B | 9.1B |
| Avg | 8.1B | 8.3B | 8.5B | 8.7B | 8.9B |
| Low | 7.6B | 7.7B | 7.9B | 8.3B | 8.5B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 2.9% | 6.9% | 6.9% | 5.7% | 5.1% |
| Avg | -1.3% | 2.6% | 2.3% | 2.7% | 2.1% |
| Low | -7.3% | -4.2% | -4.7% | -1.4% | -1.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 10.29 | 11.30 | 12.27 | 10.04 | 10.32 |
| Avg | 9.81 | 10.52 | 11.03 | 9.75 | 10.03 |
| Low | 9.03 | 9.18 | 9.11 | 9.37 | 9.63 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 7.2% | 15.1% | 16.6% | -9.0% | 5.8% |
| Avg | 2.2% | 7.2% | 4.8% | -11.6% | 2.8% |
| Low | -6.0% | -6.4% | -13.4% | -15.0% | -1.2% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.