Ingevity (NYSE:NGVT) has been assigned a $110.00 target price by investment analysts at Oppenheimer in a research note issued to investors on Thursday. The brokerage currently has a “buy” rating on the stock. Oppenheimer’s price objective indicates a potential upside of 13.40% from the stock’s current price.
Other analysts have also issued research reports about the stock. Zacks Investment Research raised shares of Ingevity from a “hold” rating to a “buy” rating and set a $105.00 price objective for the company in a report on Thursday, November 22nd. Jefferies Financial Group set a $68.00 price objective on shares of Ingevity and gave the stock a “buy” rating in a report on Thursday, December 20th. Loop Capital set a $95.00 price objective on shares of Ingevity and gave the stock a “hold” rating in a report on Thursday, December 13th. Finally, Stifel Nicolaus began coverage on shares of Ingevity in a report on Monday, December 10th. They set a “hold” rating and a $84.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $95.33.
NYSE NGVT opened at $97.00 on Thursday. The company has a market cap of $3.87 billion, a PE ratio of 37.60, a PEG ratio of 1.64 and a beta of 1.55. The company has a debt-to-equity ratio of 2.31, a current ratio of 2.34 and a quick ratio of 1.26. Ingevity has a 1-year low of $70.71 and a 1-year high of $106.59.
Ingevity Company Profile
Ingevity Corporation manufactures and sells specialty chemicals and carbon materials in the United States and internationally. The company operates through two segments, Performance Materials and Performance Chemicals. The Performance Materials segment engineers, manufactures, and sells wood-based chemically activated carbon products primarily for gasoline vapor emission control systems.
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