Analysts at Buckingham Research began coverage on shares of Ingevity Corp (NASDAQ:NGVT) in a research note issued to investors on Friday. The brokerage set a “neutral” rating on the stock.

NGVT has been the topic of several other reports. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $50.00 target price (up from $44.00) on shares of Ingevity Corp in a research report on Wednesday, September 7th. Zacks Investment Research upgraded shares of Ingevity Corp from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a report on Tuesday, August 9th. KeyCorp initiated coverage on shares of Ingevity Corp in a report on Thursday, July 7th. They set an “overweight” rating and a $43.00 price target for the company. BB&T Corp. initiated coverage on shares of Ingevity Corp in a report on Friday, June 10th. They set a “buy” rating and a $44.00 price target for the company. Finally, Jefferies Group initiated coverage on shares of Ingevity Corp in a report on Friday. They set a “buy” rating for the company. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $46.50.

Analyst Recommendations for Ingevity Corp (NASDAQ:NGVT)

Shares of Ingevity Corp (NASDAQ:NGVT) opened at 47.69 on Friday. Ingevity Corp has a 52-week low of $23.00 and a 52-week high of $47.81. The stock has a 50 day moving average of $44.16 and a 200 day moving average of $38.04. The firm has a market cap of $2.01 billion and a price-to-earnings ratio of 31.88.

Ingevity Corp (NASDAQ:NGVT) last released its earnings results on Wednesday, August 3rd. The company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.15. Equities analysts predict that Ingevity Corp will post $1.92 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the company. Advisors Asset Management Inc. bought a new stake in Ingevity Corp during the second quarter valued at approximately $135,000. PineBridge Investments L.P. bought a new stake in Ingevity Corp during the second quarter valued at approximately $181,000. Ancora Advisors LLC bought a new stake in Ingevity Corp during the second quarter valued at approximately $200,000. Teacher Retirement System of Texas bought a new stake in Ingevity Corp during the second quarter valued at approximately $202,000. Finally, Burney Co. bought a new stake in Ingevity Corp during the second quarter valued at approximately $219,000.

About Ingevity Corp

Ingevity Corporation is a manufacturer of specialty chemicals, carbon materials and technologies. The Company operates through two segments: Performance Materials and Performance Chemicals. The Company’s specialty chemicals products serve as inputs used in a range of high performance applications, including asphalt paving, oil exploration and production, agrochemicals, adhesives, lubricants and printing inks.

5 Day Chart for NASDAQ:NGVT

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