All You Need to Know About Ingredion (INGR) Rating Upgrade to Buy

Asia's Tech News Daily

Ingredion (INGR) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates — one of the most powerful forces impacting stock prices — has triggered this rating change.

Click to get this free report, Zacks Investment Research

– Zacks

The sole determinant of the Zacks rating is a company’s changing earnings picture. The Zacks Consensus Estimate — the consensus of EPS estimates from the sell-side analysts covering the stock — for the current and following years is tracked by the system.

Individual investors often find it hard to make decisions based on rating upgrades by Wall Street analysts, since these are mostly driven by subjective factors that are hard to see and measure in real time. In these situations, the Zacks rating system comes in handy because of the power of a changing earnings picture in determining near-term stock price movements.

Therefore, the Zacks rating upgrade for Ingredion basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.

Most Powerful Force Impacting Stock Prices

The change in a company’s future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company’s shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.

For Ingredion, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company’s underlying business. And investors’ appreciation of this improving business trend should push the stock higher.

Harnessing the Power of Earnings Estimate Revisions

Empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.

The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here >>>>.

Earnings Estimate Revisions for Ingredion

For the fiscal year ending December 2021, this food sweetener, starch and nutritional ingredient company is expected to earn $6.85 per share, which is a change of 10% from the year-ago reported number.

Analysts have been steadily raising their estimates for Ingredion. Over the past three months, the Zacks Consensus Estimate for the company has increased 3.8%.

Bottom Line

Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of ‘buy’ and ‘sell’ ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a ‘Strong Buy’ rating and the next 15% get a ‘Buy’ rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.

You can learn more about the Zacks Rank here >>>

The upgrade of Ingredion to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.


Zacks Names “Single Best Pick to Double”

From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.

You know this company from its past glory days, but few would expect that it’s poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.

Free: See Our Top Stock and 4 Runners Up >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

 

Ingredion Incorporated (INGR): Free Stock Analysis Report

 

To read this article on Zacks.com click here.

 

Zacks Investment Research

Internet Explorer Channel Network
Asia's Tech News Daily
News Related

OTHER NEWS

Leaving a steady job to freelance or start your own business requires proper planning

Getty Images Millions of Americans are taking a step back and rethinking their work lives amid the “Great Resignation” and ongoing coronavirus pandemic. A record 4.5 million people quit their ... Read more »

Stocks making the biggest moves midday: Activision Blizzard, Goldman Sachs, Peloton, Moderna and more

A Peloton office sign is seen near a person riding a bicycle as the city moves into Phase 3 of re-opening following restrictions imposed to curb the coronavirus pandemic on ... Read more »

Is the ‘Zoom ceiling' the new glass ceiling? Experts worry remote work will hold women back

Margaret Bailey, pictured with her son, works hybrid, spending some time at home and some time in the office.Source: Margaret Bailey The ability to work remotely has been a lifeline ... Read more »

Mastercard strikes NFT payments deal with Coinbase amid a wave of recent crypto partnerships

A 3D printed Mastercard logo is seen in front of displayed stock graph in this illustration taken September 20, 2021.Dado Ruvic | Reuters Mastercard said Tuesday it inked a deal ... Read more »

U.S. companies are expecting to pay a 3.4% raise to workers in 2022

Ezra Bailey | Stone | Getty Images U.S. employers expect to pay an average 3.4% raise to their workers in 2022, according to a Willis Towers Watson survey. That projected ... Read more »

DNB: Record high oil prices are good news for the Norwegian krone

The oil price is higher than it has been for over seven years, which is good news for the Norwegian krone. On Tuesday, the price of a barrel of North ... Read more »

UK launches crackdown on 'misleading' cryptocurrency ads

The crypto ecosystem has expanded significantly in recent years. While institutions such as the IMF are starting to embrace its innovation, they are also calling for investors to exercise caution.Jakub ... Read more »

Goldman Sachs is set to report fourth-quarter earnings —here's what the Street expects

David M. Solomon, Chairman and CEO of Goldman Sachs, speaks during the Milken Institute's 22nd annual Global Conference in Beverly Hills, April 29, 2019Mike Blake | Reuters Goldman Sachs is ... Read more »

China's digital yuan notches $8.3 billion in transactions in 6 months, taking a tiny share of payments

A sign for China's digital currency, the electronic Chinese yuan (e-CNY) is displayed at a shopping mall in Shanghai on March 8, 2021.STR | AFP | Getty Images BEIJING — ... Read more »

(LEAD) S. Korea aims to minimize market impact of extra budget-related bond sale: official

(ATTN: UPDATES with bond market reaction in paras 5-8) SEOUL, Jan. 18 (Yonhap) — South Korea plans to sell similar amounts of state bonds over periods in a bid to ... Read more »

(LEAD) Hyundai Capital launches joint venture to provide auto finance in France

(ATTN: ADDS Hyundai, Kia sales figures in France at bottom) SEOUL, Jan. 18 (Yonhap) — Hyundai Capital Services Inc., South Korea’s leading auto finance company, said Tuesday it has launched ... Read more »

Top Stock Picks for Week of January 17, 2022

Ford Motor Company F designs, manufactures, markets and services cars, trucks, sport utility vehicles, electrified vehicles, and Lincoln luxury vehicles.Strong vehicle mix supported by F-series trucks and SUV models is ... Read more »

STMicroelectronics (STM) Outpaces Stock Market Gains: What You Should Know

In the latest trading session, STMicroelectronics (STM) closed at $49.61, marking a +1.91% move from the previous day. This change outpaced the S&P 500’s 0.08% gain on the day. Elsewhere, ... Read more »

Norwegian Cruise Line (NCLH) Stock Sinks As Market Gains: What You Should Know

Norwegian Cruise Line (NCLH) closed the most recent trading day at $22.96, moving -0.65% from the previous trading session. This move lagged the S&P 500’s daily gain of 0.08%. Meanwhile, ... Read more »

3 Sales & Earnings Growth Winners

With thousands of companies about to report their quarterly results as a new earnings season begins, let’s take a look at the Sales & Earnings Growth Winners screen. It starts ... Read more »

DuPont de Nemours (DD) Outpaces Stock Market Gains: What You Should Know

DuPont de Nemours (DD) closed the most recent trading day at $84.97, moving +1.14% from the previous trading session. This move outpaced the S&P 500’s daily gain of 0.08%. Meanwhile, ... Read more »

The Andersons (ANDE) Stock Sinks As Market Gains: What You Should Know

The Andersons (ANDE) closed the most recent trading day at $39.28, moving -0.51% from the previous trading session. This move lagged the S&P 500’s daily gain of 0.08%. Meanwhile, the ... Read more »

Ally Financial (ALLY) Stock Sinks As Market Gains: What You Should Know

Ally Financial (ALLY) closed at $52.64 in the latest trading session, marking a -0.23% move from the prior day. This change lagged the S&P 500’s daily gain of 0.08%. At ... Read more »

New Residential Investment (NRZ) Stock Sinks As Market Gains: What You Should Know

New Residential Investment (NRZ) closed the most recent trading day at $11.14, moving -0.18% from the previous trading session. This change lagged the S&P 500’s 0.08% gain on the day. ... Read more »

Toyota Motor Corporation (TM) Stock Sinks As Market Gains: What You Should Know

Toyota Motor Corporation (TM) closed the most recent trading day at $210.69, moving -0.32% from the previous trading session. This change lagged the S&P 500’s 0.08% gain on the day. ... Read more »

GlaxoSmithKline share price up, Unilever down: here's why I'd buy both

Trader on video call from his home office I don’t own shares in GlaxoSmithKline (LSE: GSK) or Unilever (LSE: ULVR), but my reasons for wanting to buy them have grown ... Read more »

This Entrepreneur Transformed the Power Of the Environment Into a Successful Business

What is all around us is the major influence on our lives. Whether we succeed or fail professionally or in a relationship is directly influenced by the atmosphere we live ... Read more »

S. Korea's instant meals market skyrockets 145% over 4 years

(Yonhap)The South Korean market of instant meals jumped more than 145 pct in 2020 from four years earlier on the increased number of convenience stores and the coronavirus pandemic, data ... Read more »

Won's steep descent caused by high commodity prices, reliance on China, foreigners' selloff

SEOUL, Jan. 18 (Yonhap) — South Korea’s currency has depreciated against the U.S. dollar more steeply than other currencies due to soaring prices of raw materials, the country’s heavy dependence ... Read more »

Who is Antonio Horta-Osorio, the ex Lloyds chief ousted from Credit Suisse over Covid rules

(Daniel Hambury/@stellapicsltd) Antonio Horta-Osorio, the former boss of Lloyds Banking Group, has made headlines after allegedly breaking coronavirus restrictions and subsequently resigning as chairman of Swiss bank Credit Suisse. Sir ... Read more »

23 shippers fined W96.2b for collusion on freight rates

(HMM)South Korea’s antitrust regulator said Tuesday it has decided to impose a combined fine of 96.2 billion won ($80.7 million) in fines on 23 Korean and foreign shippers for their ... Read more »

Rio Tinto says output from $2.4 billion Serbia lithium project to be delayed

The Rio Tinto mine in Boron, California (Reuters) – Rio Tinto on Tuesday pushed back its timeline by a year to 2027 for first saleable production at its $2.4 billion ... Read more »

‘People are spooked': Australia's January consumer confidence sinks to three-decade low over Omicron

Photograph: Bianca de Marchi/AAP As Covid cases surge Australians are avoiding spending, despite 2021 ending on an economic high Get our free news app; get our morning email briefing Australia’s ... Read more »

Auto exports up 8.6% in 2021 on popularity of eco-friendly cars

This file photo provided by Hyundai Motor shows the Seven concept SUV unveiled at the LA Auto Show on Wednesday. (Hyundai Motor)South Korea’s auto exports rose 8.6 percent on-year in ... Read more »

ABS issuance down 22% in 2021

The headquarters of the Financial Supervisory Service in Seoul (Yonhap)The issuance of asset-backed securities (ABS) in South Korea shrank 22 percent on-year in 2021 due to declined sales of government-led ... Read more »

U.S. stock futures are little changed ahead of more earnings reports

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, January 12, 2022.Brendan McDermid | Reuters U.S. stock futures were little changed Monday night as ... Read more »

The 'Stress-Free Side Hustle' Is Not a Thing

Self-help and service-based literature do would-be entrepreneurs a disservice by casually tossing out promises like “easy”, “stress-free” or “make six figures in your sleep” when it comes to exploring side hustles. Startups require repeated ... Read more »

Will Comerica (CMA) Keep Earnings Beat Streak Alive in Q4?

Comerica Incorporated CMA is scheduled to report fourth-quarter and 2021 results, before the opening bell on Jan 19. The bank’s revenues and earnings are likely to have registered growth from ... Read more »

Earnings Preview: Bank of Marin (BMRC) Q4 Earnings Expected to Decline

Wall Street expects a year-over-year decline in earnings on higher revenues when Bank of Marin (BMRC) reports results for the quarter ended December 2021. While this widely-known consensus outlook is ... Read more »

Earnings Preview: Equity Bancshares (EQBK) Q4 Earnings Expected to Decline

Wall Street expects a year-over-year decline in earnings on higher revenues when Equity Bancshares (EQBK) reports results for the quarter ended December 2021. While this widely-known consensus outlook is important ... Read more »

Regions Financial (RF) to Post Q4 Earnings: A Beat in Store?

Regions Financial RF is scheduled to report fourth-quarter and 2021 results on Jan 20, before the opening bell. The bank’s revenues and earnings are expected to indicate a decline from ... Read more »

Boot Barn (BOOT) Earnings Expected to Grow: Should You Buy?

The market expects Boot Barn (BOOT) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2021. This widely-known consensus outlook ... Read more »

5 Stocks Offering Exposure to the Promising Semiconductor Industry

While supply constraints impacting some players are likely to continue through much of this year, the strong demand environment is leading to price increases and long-term supply agreements (for some). The ... Read more »

Customers Bancorp (CUBI) Reports Next Week: Wall Street Expects Earnings Growth

Wall Street expects a year-over-year increase in earnings on higher revenues when Customers Bancorp (CUBI) reports results for the quarter ended December 2021. While this widely-known consensus outlook is important ... Read more »

Earnings Preview: Logitech (LOGI) Q3 Earnings Expected to Decline

The market expects Logitech (LOGI) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2021. This widely-known consensus outlook is ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic