Somewhat Positive Media Coverage Somewhat Unlikely to Impact Ingevity Corp (NGVT) Stock Price
Media coverage about Ingevity Corp (NASDAQ:NGVT) has trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ingevity Corp earned a media sentiment score of 0.24 on Accern’s scale. Accern also gave news articles about the company an impact score of 47.0067716896519 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news articles that may have effected Accern’s analysis:
- Ingevity Corp (NGVT) PT Set at $71.00 by Jefferies Group LLC (americanbankingnews.com)
- Georgia-Pacific to sell chemicals business for $315 million (bizjournals.com)
- Jefferies Group Analysts Increase Earnings Estimates for Ingevity Corp (NGVT) (americanbankingnews.com)
- FY2018 EPS Estimates for Ingevity Corp Increased by Oppenheimer Holdings (NGVT) (americanbankingnews.com)
- Bloomberg Markets: Dave Wilson’s Stock of the Day for Aug. 23 (bloomberg.com)
Ingevity Corp (NGVT) opened at 61.88 on Wednesday. The firm’s 50-day moving average is $58.08 and its 200 day moving average is $58.39. The stock has a market capitalization of $2.61 billion and a P/E ratio of 49.42. Ingevity Corp has a 12 month low of $40.24 and a 12 month high of $65.02.
Ingevity Corp (NASDAQ:NGVT) last issued its quarterly earnings data on Wednesday, August 2nd. The company reported $0.78 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.08. Ingevity Corp had a return on equity of 76.78% and a net margin of 13.75%. The company had revenue of $260.30 million during the quarter, compared to analysts’ expectations of $259.56 million. Ingevity Corp’s revenue was up 2.3% on a year-over-year basis. On average, equities analysts anticipate that Ingevity Corp will post $2.42 earnings per share for the current year.
A number of research analysts recently commented on the stock. Jefferies Group LLC set a $68.00 target price on shares of Ingevity Corp and gave the company a “buy” rating in a research report on Wednesday, July 19th. Zacks Investment Research downgraded shares of Ingevity Corp from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Finally, Aegis reaffirmed a “buy” rating and issued a $67.00 target price on shares of Ingevity Corp in a research report on Tuesday, July 4th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $65.50.
Ingevity Corp 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.
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