Ingevity (NYSE:NGVT) had its price target lowered by equities research analysts at Loop Capital from $83.00 to $80.00 in a research report issued to clients and investors on Tuesday. The firm currently has a “buy” rating on the stock. Loop Capital’s price target would indicate a potential upside of 12.76% from the company’s previous close.
Several other equities research analysts also recently commented on NGVT. BidaskClub upgraded Ingevity from a “sell” rating to a “hold” rating in a report on Thursday, October 12th. KeyCorp reiterated a “buy” rating and set a $75.00 target price (up from $70.00) on shares of Ingevity in a report on Thursday, October 5th. Rowe reiterated an “outperform” rating and set a $90.00 target price (up from $80.00) on shares of Ingevity in a report on Thursday, November 30th. Zacks Investment Research upgraded Ingevity from a “hold” rating to a “buy” rating and set a $73.00 target price on the stock in a report on Wednesday, October 4th. Finally, Jefferies Group raised their target price on Ingevity from $71.00 to $84.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Seven analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and an average price target of $78.17.
Ingevity (NYSE:NGVT) traded down $1.26 during midday trading on Tuesday, reaching $70.95. The company had a trading volume of 202,700 shares, compared to its average volume of 252,374. Ingevity has a 1 year low of $51.01 and a 1 year high of $80.18. The stock has a market capitalization of $2,988.09, a P/E ratio of 31.96, a PEG ratio of 2.37 and a beta of 1.78. The company has a debt-to-equity ratio of 1.92, a current ratio of 2.36 and a quick ratio of 1.34.
Several institutional investors and hedge funds have recently modified their holdings of NGVT. PNC Financial Services Group Inc. lifted its holdings in shares of Ingevity by 0.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,716 shares of the company’s stock worth $270,000 after purchasing an additional 21 shares during the last quarter. Pinebridge Investments L.P. raised its stake in Ingevity by 1.0% during the 2nd quarter. Pinebridge Investments L.P. now owns 5,548 shares of the company’s stock valued at $318,000 after acquiring an additional 57 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its stake in Ingevity by 5.4% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 4,072 shares of the company’s stock valued at $234,000 after acquiring an additional 210 shares in the last quarter. Amalgamated Bank raised its stake in Ingevity by 5.4% during the 2nd quarter. Amalgamated Bank now owns 5,963 shares of the company’s stock valued at $342,000 after acquiring an additional 307 shares in the last quarter. Finally, Hosking Partners LLP raised its stake in Ingevity by 1.6% during the 2nd quarter. Hosking Partners LLP now owns 21,797 shares of the company’s stock valued at $1,251,000 after acquiring an additional 342 shares in the last quarter. Institutional investors own 91.09% of the company’s stock.
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Ingevity 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.
