Ingevity Corp (NGVT) Receives Daily Media Impact Rating of 0.25
Media headlines about Ingevity Corp (NASDAQ:NGVT) have been trending positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ingevity Corp earned a media sentiment score of 0.25 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 46.8549924922459 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
NGVT has been the subject of several recent analyst reports. KeyCorp reiterated a “buy” rating and set a $70.00 price objective on shares of Ingevity Corp in a research note on Friday, September 8th. Jefferies Group LLC set a $71.00 price objective on Ingevity Corp and gave the stock a “buy” rating in a research note on Thursday, August 24th. Zacks Investment Research upgraded Ingevity Corp from a “hold” rating to a “buy” rating and set a $64.00 price objective for the company in a research note on Wednesday, July 5th. Aegis reiterated a “buy” rating and set a $67.00 price objective on shares of Ingevity Corp in a research note on Tuesday, July 4th. Finally, BidaskClub upgraded Ingevity Corp from a “strong sell” rating to a “sell” rating in a research note on Friday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $66.40.
Shares of Ingevity Corp (NASDAQ:NGVT) opened at 61.82 on Friday. The firm has a market capitalization of $2.61 billion and a price-to-earnings ratio of 49.38. Ingevity Corp has a 52 week low of $40.24 and a 52 week high of $62.00. The stock has a 50 day moving average price of $59.86 and a 200-day moving average price of $59.86.
Ingevity Corp (NASDAQ:NGVT) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.08. Ingevity Corp had a return on equity of 76.78% and a net margin of 13.75%. The company had revenue of $260.30 million during the quarter, compared to analysts’ expectations of $259.56 million. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. On average, equities research analysts forecast 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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