Loop Capital Reaffirms Buy Rating for Ingevity Corporation (NGVT)
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.
WARNING: “Loop Capital Reaffirms Buy Rating for Ingevity Corporation (NGVT)” was first published by Daily Political and is the property of of Daily Political. If you are viewing this news story on another site, it was stolen and reposted in violation of international trademark & copyright law. The original version of this news story can be read at https://www.dailypolitical.com/2017/11/17/loop-capital-reaffirms-buy-rating-for-ingevity-corporation-ngvt.html.
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.
Receive News & Ratings for Ingevity Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ingevity Corporation and related companies with MarketBeat.com's FREE daily email newsletter.