Ingevity Corp (NASDAQ:NGVT)‘s stock had its “buy” rating reissued by KeyCorp in a research report issued on Thursday. They presently have a $75.00 price target on the stock, up from their prior price target of $70.00. KeyCorp’s price target indicates a potential upside of 14.21% from the company’s previous close. KeyCorp also issued estimates for Ingevity Corp’s FY2018 earnings at $2.80 EPS.

Other equities analysts also recently issued research reports about the stock. Jefferies Group LLC set a $68.00 price target on shares of Ingevity Corp and gave the stock a “buy” rating in a research note on Wednesday, July 19th. BidaskClub downgraded shares of Ingevity Corp from a “sell” rating to a “strong sell” rating in a research note on Friday, September 15th. Zacks Investment Research downgraded shares of Ingevity Corp from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Aegis restated a “buy” rating and issued a $67.00 price target on shares of Ingevity Corp in a research note on Tuesday, July 4th. Finally, Loop Capital began coverage on shares of Ingevity Corp in a research note on Thursday, September 28th. They issued a “buy” rating and a $73.00 price target for the company. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. Ingevity Corp currently has a consensus rating of “Buy” and a consensus target price of $69.83.

Shares of Ingevity Corp (NASDAQ NGVT) opened at 65.67 on Thursday. Ingevity Corp has a 12 month low of $40.24 and a 12 month high of $66.01. The company has a market cap of $2.77 billion and a PE ratio of 52.45. The firm’s 50-day moving average price is $61.74 and its 200 day moving average price is $61.74.

Ingevity Corp (NASDAQ:NGVT) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $0.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.08. The business had revenue of $260.30 million during the quarter, compared to the consensus estimate of $259.56 million. Ingevity Corp had a net margin of 13.75% and a return on equity of 76.78%. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. Equities research analysts anticipate that Ingevity Corp will post $2.41 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This piece was first posted by Watch List News and is the property of of Watch List News. If you are accessing this piece on another website, it was illegally stolen and republished in violation of international trademark & copyright laws. The legal version of this piece can be viewed at https://www.watchlistnews.com/ingevity-corp-ngvt-rating-reiterated-by-keycorp/1615072.html.

Hedge funds have recently modified their holdings of the stock. Pacad Investment Ltd. acquired a new position in shares of Ingevity Corp during the second quarter worth $183,000. Envestnet Asset Management Inc. grew its stake in shares of Ingevity Corp by 46.9% during the first quarter. Envestnet Asset Management Inc. now owns 3,500 shares of the company’s stock worth $211,000 after purchasing an additional 1,117 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Ingevity Corp during the second quarter worth $203,000. Balyasny Asset Management LLC acquired a new position in shares of Ingevity Corp during the second quarter worth $213,000. Finally, Los Angeles Capital Management & Equity Research Inc. grew its stake in shares of Ingevity Corp by 5.4% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 4,072 shares of the company’s stock worth $234,000 after purchasing an additional 210 shares in the last quarter.

About Ingevity Corp

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 Corp (NASDAQ:NGVT)

Receive News & Ratings for Ingevity Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ingevity Corp and related companies with Analyst Ratings Network's FREE daily email newsletter.