Ingredion Inc. (INGR) Plunges 9.67% in Three Days on Revenue Decline

Ingredion Inc. (INGR) shares fell 1.63% today, marking the third consecutive day of decline, with a total drop of 9.67% over the past three days. The stock price hit its lowest level since August 2024, experiencing an intraday decline of 2.67%.

Ingredion's recent financial performance has been a significant factor in its stock price movements. As of December 31, 2024, the company reported a decline of approximately 6.3% in revenue growth, indicating a decrease in top-line earnings. This revenue decline has raised concerns among investors about the company's financial health and future prospects.

Analyst ratings and price targets have also played a role in the stock's recent performance. JPMorgan Chase & Co. has increased its stake in Ingredion, which currently holds a consensus rating of "Moderate Buy" with an average price target of $158.20. However, StockNews.com downgraded shares of Ingredion from a "strong-buy" rating to a "buy" rating as of February 6th. Additionally, UBS has cut its target price for Ingredion from $165 to $145, reflecting a more cautious outlook on the company's future performance.