Ingevity Corp (NYSE:NGVT) has earned a consensus recommendation of “Hold” from the ten analysts that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $110.38.
A number of research analysts have commented on NGVT shares. SunTrust Banks lowered their target price on Ingevity to $120.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. They noted that the move was a valuation call. Stifel Nicolaus lowered their target price on Ingevity from $109.00 to $99.00 and set a “hold” rating on the stock in a research note on Wednesday, September 25th. ValuEngine downgraded Ingevity from a “hold” rating to a “sell” rating in a research note on Wednesday. Wells Fargo & Co started coverage on Ingevity in a research note on Tuesday, October 15th. They issued an “outperform” rating and a $100.00 target price on the stock. Finally, Loop Capital downgraded Ingevity from a “buy” rating to a “hold” rating and set a $96.00 target price on the stock. in a research note on Friday, December 6th.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisory Services Network LLC boosted its stake in shares of Ingevity by 54.3% during the 2nd quarter. Advisory Services Network LLC now owns 355 shares of the company’s stock worth $37,000 after acquiring an additional 125 shares in the last quarter. Valeo Financial Advisors LLC boosted its stake in Ingevity by 13.4% during the 3rd quarter. Valeo Financial Advisors LLC now owns 1,691 shares of the company’s stock valued at $143,000 after purchasing an additional 200 shares during the period. Virginia Retirement Systems ET AL boosted its stake in Ingevity by 2.8% during the 3rd quarter. Virginia Retirement Systems ET AL now owns 14,700 shares of the company’s stock valued at $1,247,000 after purchasing an additional 400 shares during the period. Castleark Management LLC boosted its stake in Ingevity by 0.7% during the 2nd quarter. Castleark Management LLC now owns 86,889 shares of the company’s stock valued at $9,138,000 after purchasing an additional 625 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its stake in Ingevity by 2.4% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 29,728 shares of the company’s stock valued at $3,126,000 after purchasing an additional 710 shares during the period. Institutional investors own 92.71% of the company’s stock.
Shares of NYSE NGVT opened at $88.30 on Thursday. The business’s 50-day moving average price is $89.35 and its two-hundred day moving average price is $89.16. The company has a debt-to-equity ratio of 3.01, a current ratio of 2.39 and a quick ratio of 1.38. Ingevity has a one year low of $72.59 and a one year high of $120.41. The company has a market capitalization of $3.77 billion, a P/E ratio of 18.47, a price-to-earnings-growth ratio of 1.88 and a beta of 2.08.
Ingevity (NYSE:NGVT) last issued its earnings results on Wednesday, October 23rd. The company reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.04. Ingevity had a return on equity of 53.69% and a net margin of 14.31%. The firm had revenue of $359.90 million for the quarter, compared to the consensus estimate of $365.44 million. During the same quarter in the previous year, the company posted $1.16 earnings per share. The business’s quarterly revenue was up 15.6% compared to the same quarter last year. On average, equities analysts anticipate that Ingevity will post 4.79 EPS for the current year.
Ingevity Company Profile
Ingevity Corporation manufactures and sells specialty chemicals and carbon materials in the United States and internationally. The company operates through two segments, Performance Materials and Performance Chemicals. The Performance Materials segment engineers, manufactures, and sells hardwood-based and chemically activated carbon products primarily for use in gasoline vapor emission control systems in cars, trucks, motorcycles, and boats.
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