Press coverage about Ingevity (NYSE:NGVT) has trended positive on Wednesday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ingevity earned a media sentiment score of 0.26 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 47.5144191759293 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Ingevity Corp (NGVT) Stake Raised by Pinebridge Investments L.P. (americanbankingnews.com)
- Ingevity’s (NGVT) Growth Potential Solid on Rising Demand (zacks.com)
- Ingevity's (NGVT) Growth Potential Solid on Rising Demand (finance.yahoo.com)
- Cortina Asset Management LLC Has $29.46 Million Holdings in Ingevity Corp (NGVT) (americanbankingnews.com)
- Ingevity Corp (NGVT) Position Boosted by Smith Asset Management Group LP (americanbankingnews.com)
Several analysts have recently issued reports on NGVT shares. Jefferies Group boosted their price objective on shares of Ingevity from $71.00 to $84.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. BidaskClub raised shares of Ingevity from a “hold” rating to a “buy” rating in a research report on Saturday, November 4th. Loop Capital reaffirmed a “buy” rating and set a $80.00 price target (up from $76.00) on shares of Ingevity in a research report on Tuesday, November 14th. Rowe reaffirmed an “outperform” rating and set a $90.00 price target (up from $80.00) on shares of Ingevity in a research report on Thursday, November 30th. Finally, Zacks Investment Research cut shares of Ingevity from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $84.14.
Ingevity (NYSE:NGVT) last announced its quarterly earnings results on Tuesday, February 20th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.09. Ingevity had a net margin of 12.99% and a return on equity of 50.75%. The firm had revenue of $229.50 million during the quarter, compared to analysts’ expectations of $214.94 million. During the same period in the prior year, the company earned $0.34 EPS. The firm’s revenue was up 8.8% on a year-over-year basis. analysts anticipate that Ingevity will post 3.14 earnings per share for the current year.
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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.
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