Is Stifel Nicolaus Positive On Shares of Ingevity (NGVT)?

Why Has Stifel Nicolaus Given Ingevity (NGVT) a $84 Price Target

EU: Ingevity (NGVT) coverage was initiated with a key ‘Hold’ rating as well as a $84 target price per share at Stifel Nicolaus. The target by Stifel Nicolaus means upside of 8.30 % from the last stock price.

Ingevity Corporation (NYSE:NGVT) Ratings Coverage

Among 3 analysts covering Ingevity (NGVT), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Ingevity has $110 highest and $95 lowest target. $103.33’s average target is 33.23% above currents $77.56 stock price. Ingevity had 4 analyst reports since July 12, 2018 according to SRatingsIntel. The rating was maintained by Buckingham Research on Thursday, July 26 with “Buy”. The firm earned “Overweight” rating on Friday, July 13 by KeyBanc Capital Markets. KeyBanc Capital Markets maintained Ingevity Corporation (NYSE:NGVT) on Friday, July 27 with “Overweight” rating.

The stock decreased 10.35% or $8.95 during the last trading session, reaching $77.56. About 702,862 shares traded or 155.38% up from the average. Ingevity Corporation (NGVT) has risen 13.07% since December 12, 2017 and is uptrending. It has outperformed by 13.07% the S&P500.

Analysts await Ingevity Corporation (NYSE:NGVT) to report earnings on February, 19. They expect $0.78 EPS, up 73.33 % or $0.33 from last year’s $0.45 per share. NGVT’s profit will be $32.73 million for 24.86 P/E if the $0.78 EPS becomes a reality. After $1.16 actual EPS reported by Ingevity Corporation for the previous quarter, Wall Street now forecasts -32.76 % negative EPS growth.

Ingevity Corporation manufactures and sells specialty chemicals and carbon materials in the United States and internationally. The company has market cap of $3.26 billion. It operates through two divisions, Performance Materials and Performance Chemicals. It has a 19.64 P/E ratio. The Performance Materials segment engineers, makes, and sells wood chemically activated carbon products used in gasoline vapor emission control systems.

More notable recent Ingevity Corporation (NYSE:NGVT) news were published by: Zacks.com which released: “What’s in the Offing for AK Steel (AKS) This Earnings Season? – Zacks.com” on October 23, 2018, also Businesswire.com with their article: “Ingevity moves to protect gasoline vapor emission control technology patent – Business Wire” published on July 19, 2018, Seekingalpha.com published: “Ingevity Corporation’s (NGVT) CEO Michael Wilson on Q3 2018 Results – Earnings Call Transcript – Seeking Alpha” on October 25, 2018. More interesting news about Ingevity Corporation (NYSE:NGVT) were released by: Zacks.com and their article: “PPG Industries to Feature Teslin Substrate at Labelexpo 2018 – Zacks.com” published on September 14, 2018 as well as Bizjournals.com‘s news article titled: “Georgia-Pacific sells its chemical paper business – Atlanta Business Chronicle” with publication date: October 02, 2017.

Ingevity Corporation (NYSE:NGVT) Ratings Chart

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