Ingevity Corporation (NGVT) Getting Somewhat Favorable Media Coverage, Study Finds
Press coverage about Ingevity Corporation (NYSE:NGVT) has trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Ingevity Corporation earned a daily sentiment score of 0.24 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 47.0063581585679 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
NGVT has been the topic of several recent analyst reports. KeyCorp reiterated a “buy” rating and issued a $70.00 price target on shares of Ingevity Corporation in a report on Friday, September 8th. Zacks Investment Research upgraded Ingevity Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. BidaskClub upgraded Ingevity Corporation from a “sell” rating to a “hold” rating in a report on Thursday, October 12th. Jefferies Group LLC increased their price target on Ingevity Corporation from $71.00 to $84.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Finally, Loop Capital initiated coverage on Ingevity Corporation in a report on Thursday, September 28th. They issued a “buy” rating and a $73.00 price target on the stock. Seven equities research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and a consensus target price of $73.17.
Ingevity Corporation (NYSE:NGVT) traded up $1.52 on Thursday, reaching $74.74. The company’s stock had a trading volume of 160,794 shares, compared to its average volume of 246,240. The stock has a market cap of $3,166.24, a P/E ratio of 30.44, a P/E/G ratio of 2.51 and a beta of 1.66. Ingevity Corporation has a one year low of $48.74 and a one year high of $76.00. 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 (NYSE:NGVT) last released its quarterly earnings data on Wednesday, November 1st. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.75 by $0.11. The company had revenue of $264.10 million for the quarter, compared to the consensus estimate of $260.88 million. Ingevity Corporation had a return on equity of 58.14% and a net margin of 9.86%. Ingevity Corporation’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period last year, the business posted $0.64 EPS. equities analysts anticipate that Ingevity Corporation will post 2.49 EPS for the current year.
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About Ingevity Corporation
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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