Loop Capital reaffirmed their buy rating on shares of Ingevity Corporation (NYSE:NGVT) in a research report report published on Tuesday. Loop Capital currently has a $80.00 price target on the stock, up from their previous price target of $76.00.

Several other equities research analysts also recently weighed in on the company. BidaskClub downgraded Ingevity Corporation from a sell rating to a strong sell rating in a research report on Friday, September 15th. Jefferies Group LLC set a $71.00 price target on Ingevity Corporation and gave the stock a buy rating in a research report on Thursday, August 24th. Zacks Investment Research raised Ingevity Corporation from a hold rating to a buy rating and set a $73.00 price target on the stock in a research report on Wednesday, October 4th. Finally, KeyCorp reaffirmed a buy rating and set a $70.00 price target on shares of Ingevity Corporation in a research report on Friday, September 8th. Seven investment analysts have rated the stock with a buy rating, The stock currently has an average rating of Buy and a consensus target price of $73.17.

Shares of Ingevity Corporation (NYSE NGVT) traded down $1.42 during mid-day trading on Tuesday, reaching $73.32. The company had a trading volume of 200,674 shares, compared to its average volume of 246,035. The stock has a market cap of $3,166.24, a price-to-earnings ratio of 30.44, a price-to-earnings-growth ratio of 2.51 and a beta of 1.66. The company has a debt-to-equity ratio of 1.92, a current ratio of 2.36 and a quick ratio of 1.34. Ingevity Corporation has a one year low of $48.74 and a one year high of $76.00.

Ingevity Corporation (NYSE:NGVT) last issued its earnings results on Wednesday, November 1st. The company reported $0.86 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.11. The company had revenue of $264.10 million during the quarter, compared to analyst estimates of $260.88 million. Ingevity Corporation had a return on equity of 58.14% and a net margin of 9.86%. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the business posted $0.64 EPS. equities analysts predict that Ingevity Corporation will post 2.49 earnings per share for the current year.

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Several large investors have recently bought and sold shares of NGVT. Pacad Investment Ltd. acquired a new stake in shares of Ingevity Corporation during the 2nd quarter valued at about $183,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Ingevity Corporation during the 2nd quarter valued at about $203,000. Balyasny Asset Management LLC acquired a new stake in shares of Ingevity Corporation during the 2nd quarter valued at about $213,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Ingevity Corporation during the 3rd quarter valued at about $216,000. Finally, Teacher Retirement System of Texas purchased a new position in Ingevity Corporation in the 3rd quarter valued at about $218,000. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Ingevity Corporation Company Profile

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.

Analyst Recommendations for Ingevity Corporation (NYSE:NGVT)

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