Research Analysts’ Weekly Ratings Updates for Ingevity (NGVT)

Several brokerages have updated their recommendations and price targets on shares of Ingevity (NYSE: NGVT) in the last few weeks:

  • 3/15/2018 – Ingevity was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Ingevity Corporation provides specialty chemicals, carbon materials and technologies. The Company’s operating segments consists of Performance Materials and Performance Chemicals. Performance Chemicals segment products consists of asphalt paving, adhesives, agrochemical dispersants, printing inks, lubricants, petroleum and other diverse industries. Performance Materials segment engineers, manufactures and sells wood-based chemically activated carbon products. Ingevity Corporation is based in North Charleston, SC. “
  • 3/8/2018 – Ingevity was upgraded by analysts at Buckingham Research from a “neutral” rating to a “buy” rating. They now have a $92.00 price target on the stock, up previously from $64.00.
  • 3/8/2018 – Ingevity had its price target raised by analysts at Jefferies Group LLC to $92.00. They now have a “buy” rating on the stock.
  • 2/27/2018 – Ingevity was downgraded by analysts at Loop Capital from a “buy” rating to a “hold” rating. They now have a $80.00 price target on the stock.
  • 2/24/2018 – Ingevity was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $89.00 price target on the stock. According to Zacks, “Ingevity Corporation provides specialty chemicals, carbon materials and technologies. The Company’s operating segments consists of Performance Materials and Performance Chemicals. Performance Chemicals segment products consists of asphalt paving, adhesives, agrochemical dispersants, printing inks, lubricants, petroleum and other diverse industries. Performance Materials segment engineers, manufactures and sells wood-based chemically activated carbon products. Ingevity Corporation is based in North Charleston, SC. “
  • 2/23/2018 – Ingevity had its “overweight” rating reaffirmed by analysts at KeyCorp. They now have a $89.00 price target on the stock, up previously from $78.00.
  • 2/23/2018 – Ingevity had its “buy” rating reaffirmed by analysts at SunTrust Banks, Inc.. They now have a $90.00 price target on the stock.

Shares of Ingevity Corp (NYSE NGVT) traded up $0.99 during trading on Friday, reaching $77.25. The company’s stock had a trading volume of 394,377 shares, compared to its average volume of 244,234. The company has a debt-to-equity ratio of 1.60, a current ratio of 2.41 and a quick ratio of 1.36. The stock has a market capitalization of $3,170.00 and a price-to-earnings ratio of 32.19. Ingevity Corp has a fifty-two week low of $53.62 and a fifty-two week high of $82.10.

Ingevity (NYSE:NGVT) last announced its quarterly earnings data on Tuesday, February 20th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.36 by $0.09. The business had revenue of $229.50 million during the quarter, compared to analyst estimates of $214.94 million. Ingevity had a return on equity of 50.74% and a net margin of 12.99%. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.34 earnings per share. equities analysts expect that Ingevity Corp will post 3.34 EPS for the current year.

Ingevity Corporation is a manufacturer of specialty chemicals and high performance carbon materials. The Company is also a manufacturer of activated carbon used in gasoline vapor emission control systems in cars, trucks, motorcycles and boats. The Company operates through two segments: Performance Materials and Performance Chemicals.

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