News headlines about Ingevity Corporation (NYSE:NGVT) have been trending positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Ingevity Corporation earned a coverage optimism score of 0.26 on Accern’s scale. Accern also gave headlines about the company an impact score of 46.6366710607034 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have effected Accern’s analysis:
- Brokerages Anticipate Ingevity Corporation (NGVT) Will Post Earnings of $0.36 Per Share (americanbankingnews.com)
- Kronos Worldwide Scales New 52-Week High on Upbeat Prospects (zacks.com)
- Head to Head Contrast: Ingevity Corporation (NGVT) vs. Its Peers (americanbankingnews.com)
- AK Steel (AKS) to Increase Price of Carbon Steel Products (zacks.com)
- Comparing Ingevity Corporation (NGVT) & Its Rivals (americanbankingnews.com)
NGVT has been the topic of a number of analyst reports. KeyCorp reissued a “buy” rating and issued a $70.00 target price on shares of Ingevity Corporation in a research note on Friday, September 8th. Zacks Investment Research upgraded shares of Ingevity Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. BidaskClub upgraded shares of Ingevity Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th. Jefferies Group LLC boosted their price target on shares of Ingevity Corporation from $71.00 to $84.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Finally, Loop Capital began coverage on shares of Ingevity Corporation in a research report on Thursday, September 28th. They issued a “buy” rating and a $73.00 price target on the stock. Seven analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and a consensus price target of $73.17.
Ingevity Corporation (NYSE NGVT) traded up $2.15 during trading hours on Tuesday, reaching $76.53. 246,681 shares of the company’s stock were exchanged, compared to its average volume of 246,872. Ingevity Corporation has a 52-week low of $48.74 and a 52-week high of $76.62. The firm has a market capitalization of $3,220.00 and a price-to-earnings ratio of 29.68. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.34 and a current ratio of 2.36.
Ingevity Corporation (NYSE:NGVT) last announced its earnings results on Wednesday, November 1st. The company reported $0.86 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.11. Ingevity Corporation had a net margin of 9.86% and a return on equity of 58.14%. The company had revenue of $264.10 million for the quarter, compared to analyst estimates of $260.88 million. During the same period in the prior year, the business earned $0.64 earnings per share. Ingevity Corporation’s quarterly revenue was up 4.6% on a year-over-year basis. analysts expect that Ingevity Corporation will post 2.49 earnings per share for the current fiscal year.
Ingevity Corporation 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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