INGR Price Prediction Next Week
INGR Stock Price Prediction and Recommendation
Based on the analysis of news sentiment and technical indicators, here is the prediction and recommendation for Ingredion Incorporated (INGR):
News Sentiment Analysis:
- Ingredion announced a $50 million investment to modernize and expand its Cedar Rapids, Iowa facility for industrial starch production, driven by increasing demand for sustainable packaging solutions. This investment is expected to enhance the company's capacity to meet stricter consumer and environmental standards, particularly in biodegradable and recyclable materials.
- Stephens lowered the price target for Ingredion (INGR) from $155 to $150 while maintaining an Equal Weight rating, citing a projected 5% EPS growth and mid-single-digit sales growth for FY25, indicating confidence but also slight execution risk.
Technical Indicators Analysis:
- RSI (14): 75.58 (Overbought range, suggesting potential pullback)
- MACD: -0.19 (Slightly bearish signal)
- Fibonacci Levels:
- Resistance: $135.10
- Support: $128.23
Price Prediction:
- Based on the technical indicators and news sentiment, the stock is expected to trade between $128.23 and $135.10 in the next trading week.
- The exact price prediction for the next trading week is $133.00.
Recommendation:
- Sell: Given the overbought RSI and approaching resistance levels, it is recommended to sell or hold until the stock shows a clearer upward trend.
INGR Similar Chart Price Prediction
The price of INGR is predicted to go up 1.54%, based on the high correlation periods with GJR. The similarity of these two price pattern on the periods is 96.48%.
INGR
GJR
Up: 1.54%Similarity: 96.48%
INGR Revenue Forecast
INGR EPS Forecast
INGR FAQs
What is INGR revenue forecast for next quarter？
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INGR VS S&P500
Ingredion benefits from its growing proportion of specialty ingredients that carry some degree of pricing power and generate higher profit margins.
Through its investment in plant-based proteins and natural non-corn-based sweeteners, Ingredion is well positioned to capture growth from increasing consumer demand for alternative meat and reduced sugar products.
Management has a strong record of managing growth and acquisitions and returning cash to shareholders.
INGR Analyst's Forecast
Benjamin Theurer
Barclays
Buy
2024-11-06
Price Target
$145 → $168
Upside
+11.61%
Barclays raised the firm's price target on Ingredion to $168 from $145 and keeps an Overweight rating on the shares. The company reported another strong quarter of profits as it continues to benefit of its cost savings programs and segment reorganization, driving profits as healthy demand and higher volumes help cost absorption, the analyst tells investors in a research note.
Kristen Owen
Oppenheimer
Buy
2024-11-06
Price Target
$147 → $178
Upside
+18.26%
