Loop Capital cut shares of Ingevity (NYSE:NGVT) from a buy rating to a hold rating in a research report report published on Tuesday morning, MarketBeat reports. Loop Capital currently has $80.00 target price on the stock.
Several other analysts also recently commented on the stock. SunTrust Banks restated a buy rating and set a $90.00 target price on shares of Ingevity in a report on Friday, February 23rd. Zacks Investment Research upgraded shares of Ingevity from a hold rating to a strong-buy rating and set a $89.00 target price on the stock in a report on Saturday. KeyCorp restated an overweight rating and set a $89.00 target price (up from $78.00) on shares of Ingevity in a report on Friday, February 23rd. Rowe restated 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. Finally, BidaskClub upgraded shares of Ingevity from a hold rating to a buy rating in a report on Saturday, November 4th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $84.14.
Shares of Ingevity (NYSE NGVT) opened at $77.15 on Tuesday. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.36 and a current ratio of 2.40. The company has a market cap of $3,417.25, a P/E ratio of 31.45, a price-to-earnings-growth ratio of 2.07 and a beta of 1.20. Ingevity has a fifty-two week low of $52.79 and a fifty-two week high of $82.10.
Several institutional investors and hedge funds have recently modified their holdings of NGVT. BlackRock Inc. grew its stake in shares of Ingevity by 4.9% during the 4th quarter. BlackRock Inc. now owns 5,415,950 shares of the company’s stock worth $381,661,000 after acquiring an additional 253,722 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Ingevity by 150.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 381,760 shares of the company’s stock worth $26,902,000 after acquiring an additional 229,540 shares in the last quarter. Two Sigma Investments LP grew its stake in shares of Ingevity by 269.9% during the 4th quarter. Two Sigma Investments LP now owns 239,239 shares of the company’s stock worth $16,859,000 after acquiring an additional 174,555 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of Ingevity by 3,203.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 157,342 shares of the company’s stock worth $9,829,000 after acquiring an additional 152,579 shares in the last quarter. Finally, WINTON GROUP Ltd grew its stake in shares of Ingevity by 194.7% during the 4th quarter. WINTON GROUP Ltd now owns 193,082 shares of the company’s stock worth $13,606,000 after acquiring an additional 127,554 shares in the last quarter. 91.55% of the stock is owned by institutional investors.
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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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