News headlines about Ingevity Corp (NASDAQ:NGVT) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Ingevity Corp earned a news sentiment score of 0.22 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 45.7068872688597 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news stories that may have impacted Accern’s scoring:
- Ingevity’s John Fortson to present at the Jefferies 13th Annual Industrials Conference on August 9, 2017 (finance.yahoo.com)
- Q3 2017 EPS Estimates for Ingevity Corp Decreased by Oppenheimer Holdings (NASDAQ:NGVT) (americanbankingnews.com)
- Edited Transcript of NGVT earnings conference call or presentation 3-Aug-17 2:00pm GMT (finance.yahoo.com)
- Ingevity reports second quarter 2017 financial results (finance.yahoo.com)
Shares of Ingevity Corp (NASDAQ NGVT) opened at 61.40 on Friday. Ingevity Corp has a 1-year low of $37.53 and a 1-year high of $65.02. The stock has a 50 day moving average of $57.17 and a 200 day moving average of $57.98. The firm has a market cap of $2.58 billion and a PE ratio of 49.04.
Ingevity Corp (NASDAQ:NGVT) last issued its earnings results on Wednesday, August 2nd. The company reported $0.78 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.08. The firm had revenue of $260.30 million for the quarter, compared to analysts’ expectations of $259.56 million. Ingevity Corp had a return on equity of 55.06% and a net margin of 10.53%. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. Equities research analysts anticipate that Ingevity Corp will post $2.32 earnings per share for the current fiscal year.
Several research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Ingevity Corp from a “hold” rating to a “sell” rating in a report on Wednesday, April 26th. Jefferies Group LLC increased their price target on shares of Ingevity Corp from $64.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, April 19th. Finally, Aegis reiterated a “buy” rating and set a $67.00 price target on shares of Ingevity Corp in a research note on Tuesday, July 4th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $64.75.
In other news, Director Jean S. Blackwell bought 1,500 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The shares were acquired at an average price of $58.38 per share, with a total value of $87,570.00. Following the transaction, the director now owns 4,711 shares in the company, valued at $275,028.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
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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