Ingevity Corp (NGVT) Earns Daily News Sentiment Score of 0.24
News headlines about Ingevity Corp (NASDAQ:NGVT) have trended somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ingevity Corp earned a coverage optimism score of 0.24 on Accern’s scale. Accern also assigned headlines about the company an impact score of 46.7710642940522 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Several research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Ingevity Corp from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. Jefferies Group LLC set a $68.00 target price on shares of Ingevity Corp and gave the stock a “buy” rating in a research note on Wednesday, July 19th. KeyCorp reiterated a “buy” rating and issued a $70.00 target price on shares of Ingevity Corp in a research note on Friday, September 8th. BidaskClub downgraded shares of Ingevity Corp from a “sell” rating to a “strong sell” rating in a research note on Friday. Finally, Aegis reiterated a “buy” rating and issued a $67.00 target price on shares of Ingevity Corp in a research note on Tuesday, July 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. Ingevity Corp currently has a consensus rating of “Hold” and a consensus target price of $66.40.
Ingevity Corp (NASDAQ:NGVT) opened at 59.32 on Friday. Ingevity Corp has a 52 week low of $40.24 and a 52 week high of $61.96. The stock has a 50 day moving average of $60.00 and a 200 day moving average of $58.57. The company has a market cap of $2.50 billion and a P/E ratio of 47.38.
Ingevity Corp (NASDAQ:NGVT) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.08. Ingevity Corp had a net margin of 13.75% and a return on equity of 76.78%. The business had revenue of $260.30 million for the quarter, compared to analysts’ expectations of $259.56 million. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. On average, analysts expect that Ingevity Corp will post $2.40 earnings per share for the current year.
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About Ingevity Corp
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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