The stock of Ingevity Corp (NYSE:NGVT) is a huge mover today! The stock decreased 1.87% or $0.88 during the last trading session, hitting $46.1. About 495,503 shares traded hands or 39.44% up from the average. Ingevity Corp (NYSE:NGVT) has risen 6.00% since September 1, 2016 and is uptrending. It has underperformed by 4.42% the S&P500.
The move comes after 6 months negative chart setup for the $1.92B company. It was reported on Oct, 1 by Barchart.com. We have $42.87 PT which if reached, will make NYSE:NGVT worth $134.40M less.
Analysts await Ingevity Corp (NGVT) to report earnings on November, 2. NGVT’s profit will be $24.57M for 19.53 P/E if the $0.59 EPS becomes a reality. After $0.66 actual earnings per share reported by Ingevity Corp for the previous quarter, Wall Street now forecasts -10.61% negative EPS growth.
Ingevity Corp (NYSE:NGVT) Ratings Coverage
Out of 4 analysts covering Ingevity (NYSE:NGVT), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. Ingevity has been the topic of 4 analyst reports since June 1, 2016 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Wednesday, June 1 by Oppenheimer. As per Friday, September 23, the company rating was initiated by Buckingham Research. Jefferies initiated the stock with “Buy” rating in Friday, September 23 report. On Friday, June 10 the stock rating was initiated by BB&T Capital with “Buy”.
According to Zacks Investment Research, “Ingevity Corporation provides specialty chemicals, carbon materials and technologies. The Company’s operating segments consists of Performance Materials and Performance Chemicals. Performance Chemicals segment products consists of asphalt paving, adhesives, agrochemical dispersants, printing inks, lubricants, petroleum and other diverse industries. Performance Materials segment engineers, manufactures and sells wood-based chemically activated carbon products. Ingevity Corporation is based in North Charleston, SC.”
More recent Ingevity Corp (NYSE:NGVT) news were published by: Marketwatch.com which released: “Ingevity started at outperform with $33 stock price target at Oppenheimer” on May 19, 2016. Also Streetinsider.com published the news titled: “Jefferies Starts Ingevity Corp (NGVT) at Buy” on September 23, 2016. Businesswire.com‘s news article titled: “Ingevity Corporation Formed with Completion of Spinoff from WestRock Company” with publication date: May 16, 2016 was also an interesting one.
NGVT Company Profile
Ingevity Corporation is a maker of specialty chemicals, carbon materials and technologies. The Firm operates through two divisions: Performance Materials and Performance Chemicals. The Companyâ€™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. It is also engaged in expanding Warm Mix Asphalt (WAM) with its Evotherm family of products.
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